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I <br /> 1 to the Contractor. If such costs exceed such unpaid balance, the Contractor shall pay <br /> I 2 the difference to the Owner. Such costs incurred by the Owner will be verified by the <br /> 3 Owner's Representative and incorporated into a Change Order, but in finishing the work, <br /> 4 the Owner may negotiate for materials, Equipment and services to complete the work <br /> I 5 and will not be required to obtain the lowest figure for work performed. <br /> 6 <br /> 7 Where the Contractor services have been so terminated by the Owner, the termination <br /> I <br /> 8 <br /> 9 shall not affect any rights of the Owner against the Contractor then existing or which may <br /> thereafter accrue. Any retention or payment of monies due the Contractor by the Owner <br /> 10 will not release the Contractor from liability. <br /> 11 <br /> 12 If the Owner terminates this agreement for default, and it is thereafter determined that <br /> 13 the Contractor had not so failed to perform its obligations or defaulted in any way, the <br /> 14 termination shall then be deemed to have been made for the convenience of the Owner <br /> I <br /> 15 pursuant to section 1-08.10(2) Termination for Public Convenience In that event, any <br /> 16 adjustment of Contract Sum shall be in accordance with the Contract Documents. <br /> 17 <br /> I18 The Contractor covenants and agrees that in the event suit is instituted by the Owner for <br /> 19 any default on the part of the Contractor and the Contractor is adjudged by court of <br /> 20 competent jurisdiction to be in default, the Contractor shall pay to the Owner all costs, <br /> I 21 expenses expended or incurred by the Owner in connection therewith. <br /> 22 <br /> 23 1-08.10(2) Termination for Public Convenience <br /> I 24 <br /> 25 Section 1-08.10(2) is modified to read as follows: <br /> 26 <br /> I <br /> 27 <br /> 28 Without prejudice to any other remedy it may have under law and/or the provisions of the <br /> Contract, the Owner may terminate this Contract for convenience, with or without cause, <br /> 29 in whole or in part, at any time by giving written Notice to the Contractor. Termination <br /> I30 will be effective upon receipt of such Notice by the Contractor. The Contractor shall <br /> 31 immediately discontinue work and take all reasonable steps with its suppliers and <br /> 32 subcontractors to minimize cancellation charges and other costs. <br /> 33 <br /> I <br /> 34 In the event of termination for convenience, the Contractor shall be compensated as <br /> 35 provided in section 1-09.5 Deleted or Terminated Work. The Contractor will be entitled to <br /> 36 no further payments whatsoever for the work. <br /> I <br /> 37 <br /> 38 In the event of a breach or default by the Contractor, Owner may, at its sole option, <br /> 39 terminate this Contract in whole or in part for convenience as provided herein. The <br /> I 40 Owner may pursue any and all contractual, legal and equitable remedies for such breach <br /> 41 or default. Absent an express written agreement to the contrary, a termination for the <br /> 42 Owner's convenience shall not be deemed a waiver or release of any rights by the <br /> I <br /> 43 <br /> 44 Owner nor shall the Owner be estopped from any legal or equitable remedies that may <br /> be appropriate. <br /> 45 <br /> 46 1-08.10(6) Termination by Contractor after Suspension <br /> I47 <br /> 48 If the Work has been wholly suspended pursuant to section 1-08.6 Suspension of Work <br /> 49 for more than ninety (90) days as measured from the date of the Notice to suspend, then <br /> I <br /> 50 the Contractor may terminate this Contract by providing Owner with ten (10) days' Notice <br /> 51 that the Contractor shall deem the Contract to be terminated if the Owner does not <br /> 52 provide Contractor with Notice to resume work within those ten (10) days. Such <br /> 1 <br /> I <br /> RIVERFRONT DEVELOPMENT NORTH WETLAND COMPLEX 69 <br />