Common use of Breach by Contractor Clause in Contracts

Breach by Contractor. Contractor breaches this Contract if: A. Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; B. Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under this Contract and Contractor has not obtained the license or certificate within 10 business days after OPRD delivers notice of breach to Contractor or a longer period as OPRD may specify in the notice; or C. Contractor commits any material breach of any covenant, warranty, obligation or certification under this Contract, fails to perform its obligations under this Contract within the time specified or any extension of that time, and Contractor fails to cure the breach within 3 business days after OPRD delivers notice of breach to Contractor or a longer period as OPRD may specify in the notice. D. OPRD may at their sole discretion immediately terminate this contract if they have notified the Contractor of more than one breach of contract during the duration of the contract.

Breach by Contractor. Contractor breaches this Contract if: A. Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; B. Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under this Contract and Contractor has not obtained the license or certificate within 10 business days after OPRD delivers notice of breach to Contractor or a longer period as OPRD may specify in the notice; or C. Contractor commits any material breach of any covenant, warranty, obligation or certification under this Contract, fails to perform its obligations under this Contract within the time specified or any extension of that time, and Contractor fails to cure the breach within 3 business days after OPRD delivers notice of breach to Contractor or a longer period as OPRD may specify in the notice. D. OPRD X. XXXX may at their sole discretion immediately terminate this contract if they have notified the Contractor of more than one breach of contract during the duration of the contract.