Common use of Cancellation for Violation by the Contractor Clause in Contracts

Cancellation for Violation by the Contractor. Except as provided in Article IX hereof, the Authority may cancel and terminate any contract of which these General Power Contract Provisions form a part upon violation of the terms thereof by the purchasing, transmitting, or distributing public agency or company or any subsidiary or associate thereof, provided that the Authority shall not exercise its option to cancel unless written notice and statement of any violation shall have been given Contractor and Contractor afforded a period of at least sixty (60) days in which to cure such violation.