Common use of Contract Default, Debarment or Suspension Clause in Contracts

Contract Default, Debarment or Suspension. Default shall be made under any Government Contract, or any Government Contract is terminated for default by any Governmental Authority for any reason whatsoever, or if the Borrower is debarred or suspended, whether temporarily or permanently, by any Governmental Authority.

Appears in 3 contracts

Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Sensytech Inc), Financing and Security Agreement (Weston Roy F Inc)

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Contract Default, Debarment or Suspension. Default shall be made under any Government Contract, or any Government Contract is terminated for default by any Governmental Authority for any reason whatsoever, or if the any Borrower is debarred or suspended, whether temporarily or permanently, by any Governmental Authority.

Appears in 1 contract

Samples: Financing and Security Agreement (Versar Inc)

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Contract Default, Debarment or Suspension. Default shall be made under any Federal Government Contract, or any Federal Government Contract is terminated for default by any Governmental Authority the Federal Government for any reason whatsoever, or if the Borrower is debarred or suspended, whether temporarily or permanently, by any Governmental Authoritythe Federal Government.

Appears in 1 contract

Samples: Credit Agreement (Weston Roy F Inc)

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