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uuuuotgt I El lvcluPE lv. Jgvozwz+_aJDo-+zuD-ozJo-oouuEu I un DU I r r -'11;I',i;ll,li.l" %rl t.irnrnriri't'e {7. Termination for Convenience Except as otherwise provided in this Grant, COMMERCE may, by ten (10) business days written notice, beginning on the second day after the rnailing, terminate this Grant, in whole or in part. lf this Grant is so terminated, COMMERCE shall be liable onty for, payment required under the terms of this Grant for services rendered or goods delivered prior to the effective date of termination. 1 8. Termination Procedures Upon termination of this Grant, COMMERCE, in addition to any other rights provided in this contract' may require the Grantee to deliver to COMMERCE any propefi specifically produced or acquired for the performance of such part of this Grant as has been terminated. The provisions of the "Treatment of Assets" clause shall apply in such property transfer. COMMERCE shall pay to the Grantee the agreed upon price, if separately stated, for completed work and services acceptedby COMMERCE, and the amount agreed upon by the Grantee and CoMMERCE for (i) completed work and services for which no separate price is stated, (ii) partially completed work and services, (iii) other property or services that are accepted by COMMERCE, and (iv) the protection and preservation of property, unless the termination is for default, in which case the Authorized Representative shall determine the extent of the liability of COMMERCE. Failure to agree with such determination shalt be a dispute within the meaning of the "Disputes" clause of this contract' COMMERCE may withhold from any amounts due the Grantee such sum as the Authorized Representative determines to be necessary to protect COMMERCE against potential loss or liability' The rights and remedies of COMMERCE provided in this section shall not be exclusive and are in addition to any other rights and remedies provided by law or under this contract. After receipt of a notice of termination, and except as otherwise directed by the Authorized Representative, the Grantee shall: A. Stop work under the Grant on the date, and to the extent specified, in the notice; B. place no further orders or subgrants/subcontracts for materials, services, or facilities except as may be necessary for completion of such portion of the work under the Grant that is not terminated; C. Assign to COMMERCE, in the manner, at the times, and to the extent directed by the Authorized Representative, all of the rights, title, and interest of the Grantee under the orders and subgrants/subcontracts so terminated, in which case COMMERCE has the right, at its discretion, to setle or pay any or all claims arising out of the termination of such orders and subgrants/su bcontracts; D. Setfle all outstanding liabilities and all claims arising out of such termination of orders and subcontracts, with th- approval or ratification of the Authorized Representative to the extent the Authorized Representative may require, which approval or ratification shall be final for all the purposes of this clause; E. Transfer tifle to COMMERCE and deliver in the manner, at ihe times, and to the extent directed by the Authorized Representative any property which, if the Grant had been completed, would have been required to be furnished to COMMERCE; F. Complete performance of such part of the work as shall not have been terminated by the Authorized Representative; and G. Take such action as may be necessary, or as the Authorized Representative may direct, for the protection and preservation of the property related to this Grant, which is in the possession of the Grantee and in which the Authorized Representative has or may acquire an interest. Page 14 of 16