CONTRACT IN DEFAULT Sample Clauses

CONTRACT IN DEFAULT. The Owner may declare the Contract in default for any one or more of the following reasons as determined by the Owner in his sole discretion: A. Failure to complete the Work within the Contract Time or any proper extension thereof granted by the Owner. B. Failure or refusal to comply with an instruction of the Owner within a reasonable time. C. Failure or refusal to remove rejected Materials or Equipment. D. Failure or refusal to perform any Work or repair any Defective or unacceptable Work. E. Bankruptcy or insolvency, or the making of an assignment for the benefit of creditors. F. Failure to provide a qualified Superintendent, or sufficient and competent workmen or Subcontractors to carry on the Work in a satisfactory and Good and Workmanlike Manner; or failure to prosecute the Work in accordance with the Contractor’s Schedule of Work. G. Failure to provide proper Materials, and Equipment. H. Failure to comply with any important provisions of the Contract Documents as determined by the Owner. I. Disregard of laws, ordinances, rules, or regulations or order of any public body having jurisdiction, or the violation of any construction or safety codes. J. Failure to prosecute the Work with sufficient competence or rapidity to insure the proper completion of the Work within the Contract Time.
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Related to CONTRACT IN DEFAULT

  • Termination; Default We may reduce the Credit Limit or terminate your ability to receive further credit under this Agreement at any time without notice. You may terminate your ability to receive further credit under this Agreement by giving us notice of termination and returning to us all Cards and Credit Devices. Termination by you will be effective on the date we receive written notice from you along with the Cards and Credit Devices (unless they are lost or stolen, in which case you agree to sign an affidavit to that effect and stating that no credit received after the date of loss or theft was authorized by you).

  • Upon Default Landlord shall have the right to pursue any one or more of the following remedies: (a) Terminate this Lease, in which case Tenant shall immediately surrender the Premises to Landlord. If Tenant fails to surrender the Premises, Landlord, in compliance with Law, may enter upon and take possession of the Premises and remove Tenant, Tenant’s Property and any party occupying the Premises. Tenant shall pay Landlord, on demand, all past due Rent and other losses and damages Landlord suffers as a result of Tenant’s Default, including, without limitation, all Costs of Reletting (defined below) and any deficiency that may arise from reletting or the failure to relet the Premises. “Costs of Reletting” shall include all reasonable costs and expenses incurred by Landlord in reletting or attempting to relet the Premises, including, without limitation, legal fees, brokerage commissions, the cost of alterations and the value of other concessions or allowances granted to a new tenant.

  • Owner Default Failure of the Owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract.