Breach Default Termination. The University of Washington reserves the right to pursue all available legal, administrative, contractual or equitable remedies in the event of Contractor’s breach of contract or violation of any term of this contract. The University of Washington shall have the right to terminate this contract for cause, and shall retain all rights and remedies against Contractor. The University of Washington shall also have the right to terminate this Contract for convenience upon thirty (30) days’ notice to Contractor. Breach and/or Termination of this Contract shall be addressed in the manner prescribed in the UW Standards Terms and Conditions, Section 7.
Breach Default Termination. Breach: A breach of a term or condition of the contract shall mean any one or more of the following events: (1) Contractor fails to perform the services by the date required or by a later date as may be agreed to in a written amendment to the contract signed by the state; (2) Contractor breaches any warranty or fails to perform or comply with any term or agreement in the contract; (3) Contractor makes any general assignment for the benefit of creditors; (4) in the state’s sole opinion, Contractor becomes insolvent or in an unsound financial condition so as to endanger performance hereunder; (5) Contractor becomes the subject of any proceeding under any law relating to bankruptcy, insolvency or reorganization, or relief from creditors and/or debtors; (6) any receiver, trustee, or similar official is appointed for Contractor or any of the Contractor’s property; (7) Contractor is determined to be in violation of federal, state, or local laws or regulations and that such determination, in the state’s sole opinion renders the Contractor unable to perform any aspect of the contract.
Breach Default Termination. 5.1. If the Purchaser fails to pay any part or portion of the Purchase Consideration or MACD within the due date then the Purchaser shall be deemed to be in default / breach from the due date of such payment. In such event the Purchaser shall be liable and obliged to pay to the Lead Vendor interest at the rate of 2% per month from the due date upto the date of payment.
Breach Default Termination. Breach: A breach of a term or condition of the contract shall mean any one or more of the following events:
Breach Default Termination. The Port may terminate this contract, in whole or in part, at any time and for any reason by giving fourteen (14) calendar days written termination notice to Contractor. Termination charges shall not apply unless they are subsequently agreed upon by both parties. Should the parties not agree to a satisfactory settlement, the matter may be subjected to mediation and/or legal proceedings. 8.
Breach Default Termination
