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What does T FOR C stand for?

T FOR C stands for Termination for Convenience

This definition appears very frequently

Samples in periodicals archive:

of Baltimore School of Law) and Shook (senior partner, Shook Doran LLP) retain the core materials on such topics as the limited authority of officials, competition, negotiated procurement, protests of awards, contract types and administration, changes in contracts, claims, small businesses and subcontracts, disputes, and termination for convenience and for default, utilizing more recent cases throughout.
The Company's actual results in the future may differ materially from those projected in the forward-looking statements due to risks and uncertainties that exist in the Company's operations and business environment including, but not limited to: the timing and content of future purchase order releases; receipt of CPUC approval of the contract; the Company's successful performance of requirements for SoCalGas; changes in SoCalGas demand or financial constraints impacting SoCalGas; technical difficulties; delivery delays or defaults impacting the Company; and termination for convenience of the contract.
Unlike the present official termination for convenience clause contained in the Federal Acquisition Regulation, these termination clauses allow the customer to end service when its requirement ends without further liability.
In addition, financiers argued that the standard termination for default clause and the termination for convenience clause found in standard service contracts increased t he already high level of risk associated with a private prison loan (2) In general, private prison companies and their financiers complained that there was a "mismatch" between the credit risk associated with the underlying contract and the repayment terms of the capital.