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44.0 Termination for Convenience
44.1 At any time after the acceptance of this
Contract, Owner shall have the absolute
right to terminate the entire Contract.
In the event of termination, Contractor
shall be paid for all disbursements and
expenses which Contractor has incurred
or becomes obligated for prior to the
date of Contractor’s receipt of the
notice of termination plus costs
incurred in compliance with Section 44.2
below, less the reasonable resale value
of Equipment which shall have been
ordered, obtained or fabricated in
connection with this Contract plus a sum
as profit bearing the same ratio to the
profit that Contractor would have
received upon completing this Contract
as the value of the Work completed as of
the date of receipt of the notice of
termination bears to the Contract Price.
44.2 Upon receipt of such notice of termination,
Contractor shall:
44.2.1 Stop the performance of the Work
hereunder except as may be
necessary to carry out such
termination.
44.2.2 Take any other action toward
termination of the Work which
Owner may reasonablely [sic]
direct, including all reasonable
efforts to provide for a prompt
and efficient transition as
directed by Owner.
44.3 All payments made by Owner against the
Contract Price prior to termination shall be
credited to the amount, if any, due
Contractor as provided in Section 44.1.
44.4 Except for amounts due pursuant to
Section 44.1, upon termination as
provided in Section 44.1 Owner will have
no liability to Contractor for any cause
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