Laserfiche WebLink
in Section 13 . 2 . 2 of A201TM- 1997 , as modified, neither party to the Contract shall assign the Contract as a whole <br /> without written consent of the other. If either party attempts to make such an assignment without such consent, that <br /> party shall nevertheless remain legally responsible for all obligations under the Contract. <br /> ARTICLE 10 TERMINATION OR SUSPENSION <br /> § 10. 1 TERMINATION PRIOR TO ESTABLISHING GUARANTEED MAXIMUM PRICE <br /> § 10. 1 . 1 Prior to execution by both parties of Amendment No. 1 establishing the Guaranteed Maximum Price, the <br /> Owner may terminate this Contract at any time without cause, and the Construction Manager may terminate this <br /> Contract for any of the reasons described in Section 14 . 1 . 1 of A201TM�TA201TM- 1997 , as modified. <br /> § 10. 1 .2 If the Owner or Construction Manager terminates this Contract pursuant to this Section 10 . 1 prior to <br /> commencement of the Construction Phase, the Construction Manager shall be equitably compensated for <br /> Preconstruction Phase Services performed prior to receipt of notice of termination ; provided , however, that the <br /> compensation for such services shall not exceed the compensation set forth in Section 4 . 1 . 1 . <br /> § 10. 1 . 3 If the Owner or Construction Manager terminates this Contract pursuant to this Section 10 . 1 after <br /> commencement of the Construction Phase, the Construction Manager shall, in addition to the compensation <br /> provided in Section 10. 1 . 2, be paid an amount calculated as follows : <br /> . 1 Take the Cost of the Work incurred by the Construction Manager. <br /> .2 Add the Construction Manager ' s Fee computed upon the Cost of the Work to the date of termination <br /> at the rate stated in Section 5 . 1 or, if the Construction Manager' s Fee is stated as a fixed sum in that <br /> Section, an amount which bears the same ratio to that fixed- sum Fee as the Cost of the Work at the <br /> time of termination bears to a reasonable estimate of the probable Cost of the Work upon its <br /> completion. <br /> . 3 Subtract the aggregate of previous payments made by the Owner on account of the Construction <br /> Phase. <br /> The Owner shall also pay the Construction Manager fair compensation, either by purchase or rental at the election of <br /> the Owner, for any equipment owned by the Construction Manager which the Owner elects to retain and which is <br /> not otherwise included in the Cost of the Work under Section 10 . 1 . 3 . 1 . To the extent that the Owner elects to take <br /> legal assignment of subcontracts and purchase orders (including rental agreements), the Construction Manager shall , <br /> as a condition of receiving the payments referred to in this Article 10, execute and deliver all such papers and take <br /> all such steps , including the legal assignment of such subcontracts and other contractual rights of the Construction <br /> Manager, as the Owner may require for the purpose of fully vesting in the Owner the rights and benefits of the <br /> Construction Manager under such subcontracts or purchase orders . <br /> Subcontracts , purchase orders and rental agreements entered into by the Construction Manager with the Owner' s <br /> written approval prior to the execution of Amendment No . 1 shall contain provisions permitting assignment to the <br /> Owner as described above. If the Owner accepts such assignment, the Owner shall reimburse or indemnify the <br /> Construction Manager with respect to all costs arising under the subcontract, purchase order or rental agreement <br /> except those which would not have been reimbursable as Cost of the Work if the contract had not been terminated. If <br /> the Owner elects not to accept the assignment of any subcontract, purchase order or rental agreement which would <br /> have constituted a Cost of the Work had this agreement not been terminated , the Construction Manager shall <br /> terminate such subcontract, purchase order or rental agreement and the Owner shall pay the Construction Manager <br /> the costs necessarily incurred by the Construction Manager by reason of such termination. <br /> § 10 .2 TERMINATION SUBSEQUENT TO ESTABLISHING GUARANTEED MAXIMUM PRICE <br /> Subsequent to execution by both parties of Amendment No . 1 , the Contract may be terminated as provided in Article <br /> 14 of A20ITM-1997 . A201TM- 1997 , as modified . <br /> § 10.2. 1 In the event of such termination by the Owner, the amount payable to the Construction Manager pursuant to <br /> Section 14. 1 . 3 of A20ITm1997 A201 TM- 1997 , as modified, shall not exceed the amount the Construction Manager <br /> would have been entitled to receive pursuant to Sections 10. 1 . 2 and 10. 1 . 3 of this Agreement. <br /> § 10.2.2 In the event of such termination by the Construction Manager, the amount to be paid to the Construction <br /> Manager under Section 14. 1 . 3 of A2011M 1997 A201TM- 1997 , as modified, shall not exceed the amount the <br /> Construction Manager would have been entitled to receive under Sections 10 . 1 .2 and 10. 1 . 3 above, except that the <br /> AIA Document A121 TmCMc — 2003 and AGC Document 565. Copyright © 1991 and 2003 by The American Institute of Architects and The Associated <br /> General Contractors of America. All rights reserved. WARNING : This document is protected by U.S. Copyright Law and International Treaties. 20 <br /> Unauthorized reproduction or distribution of this document, or any portion of it, may result in severe civil and criminal penalties, and will be <br /> prosecuted to the maximum extent possible under the law. This document was produced by AIA software at 17 :00:26 on 05/25/2005 under Order <br /> No. 1 0001 26313_1 which expires on 6/29/2005, and is not for resale. <br /> User Notes: <br /> (3163795107) <br />