Common use of Termination Subsequent to Establishing Guaranteed Maximum Price Clause in Contracts

Termination Subsequent to Establishing Guaranteed Maximum Price. Subsequent to execution by both parties of Amendment 1, the Contract may be terminated as provided in Article 14 of the University of Nebraska's General Conditions. In the event of such termination by the Owner, the amount payable to the Construction Manager pursuant to Subparagraph 14.1.2 of the University of Nebraska’s General Conditions shall not exceed the amount the Construction Manager would have been entitled to receive pursuant to Subparagraphs 10.1.2 and 10.1.3 of this Agreement.