Common use of Cancellation for Cause Clause in Contracts

Cancellation for Cause. CITY may cancel all or any part of this Contract if CONTRACTOR breaches any of the terms herein or in the event of any of the following: Insolvency of CONTRACTOR; voluntary or involuntary petition in bankruptcy by or against CONTRACTOR; appointment of a receiver or trustee for CONTRACTOR, or any assignment for benefit of creditors of CONTRACTOR. Damages for breach shall be those allowed by Oregon law, reasonable and necessary attorney's fees, and other costs of litigation at trial and upon appeal. CONTRACTOR may likewise cancel all or any part of this contract if CITY breaches any of the terms herein and be therefore entitled to equivalent damages as expressed above for CITY.

Cancellation for Cause. CITY may cancel all or any part of this Contract if CONTRACTOR PURCHASER breaches any of the terms herein or in the event of any of the following: Insolvency of CONTRACTORPURCHASER; voluntary or involuntary petition in bankruptcy by or against CONTRACTORPURCHASER; appointment of a receiver or trustee for CONTRACTORPURCHASER, or any assignment for benefit of creditors of CONTRACTORPURCHASER. Damages for breach shall be those allowed by Oregon law, reasonable and necessary attorney's fees, and other costs of litigation at trial and upon appeal. CONTRACTOR PURCHASER may likewise cancel all or any part of this contract if CITY breaches any of the terms herein and be therefore entitled to equivalent damages as expressed above for CITY.