Common use of Termination Upon Event of Default Clause in Contracts

Termination Upon Event of Default. TRPA may immediately terminate this Agreement upon an Event of Default, defined below. Upon a termination of this Agreement, the TRPA shall pay to the consultant the part of the Compensation which would otherwise be payable to the Consultant with respect to the Services which had been completed as of the date of termination, less the amount of all previous payments with respect to the Compensation.

Appears in 4 contracts

Sources: Consultant Services Agreement, Consultant Services Agreement, Consultant Services Agreement