Contractor Event of Default Sample Clauses

Contractor Event of Default. Any non-performance by the Contractor, which is not cured within a specified period after receipt of written notice thereof by the State may constitute a default. At the State’s exclusive discretion, the period afforded for cure may be extended so long as Contractor institutes satisfactory performance and thereafter diligently and continuously pursues satisfactory performance.

Contractor Event of Default. If Contractor shall fail to observe or perform any covenant or agreement contained in this Agreement and shall fail to cure such failure within fifteen (15) Days after written notice thereof shall have been given to CUC by Contractor

Contractor Event of Default. The term shall have the meaning set forth in Section 20.1.

Contractor Event of Default. 101 (a) Owners may declare a Contractor Event of Default upon written notice to Contractor of the occurrence of any of the following (each a “Contractor Event of Default”): (i) Contractor is in breach of a material provision of this Agreement (other than the matters addressed in the other subsections of this Section 22.2(a)) and fails to cure the breach [***]; (ii) Owners notify Contractor in writing that Contractor has abandoned the Work, and within [***] after Contractor’s receipt of such written notice, Contractor has failed to (A) resume diligent performance of the Work consistent with the Project Schedule or (B) provide reasonable assurances that Contractor has not abandoned the Work; (iii) Achievement of any of the Critical Milestones for a Unit is delayed by more than [***] past the date for such Critical Milestone as set forth in Exhibit E-2, as a result, in whole or in part, of any defect or failure in the Work or any other actions or omissions of Contractor or Contractor’s Personnel, and Contractor is not exercising due diligence to correct same [***]; (iv) Contractor fails to (A) submit a Recovery Plan as required under Section 3.4(d) or fails to begin implementation of the Recovery Plan and does not cure such failure within [***] following written notice of such failure, or (B) use commercially reasonable efforts to adhere to the Recovery Plan until such Recovery Plan is completed; provided that there shall be no Contractor Event of Default if the Recovery Plan is required due to Uncontrollable Circumstances or as a result of a breach of this Agreement by Owners or delay caused by Owners or their Personnel; (v) [***]; (vi) Either Consortium Member is Insolvent unless the other Consortium Member has provided security for performance of the Insolvent Consortium Member’s obligations reasonably satisfactory to Owners; (vii) [***]; (viii) Contractor fails to comply with the requirements of Section 17.4 or Contractor’s guarantor breaches any of its obligations under its guaranty or if any representation or warranty made by such guarantor in its guaranty shall prove to be incorrect in any material respect when made, unless any of the foregoing is cured by [***] following receipt of a written notice from Owners of a failure under this Section 22.2(a)(viii); or (ix) Any representation or warranty made by Contractor herein proves to be incorrect in any material respect when made and such breach of representation or warranty has a material adverse effect ...

Contractor Event of Default. 21.2.1 Owners may declare a Contractor Event of Default upon notice to Contractor of the occurrence of any of the following (each a “Contractor Event of Default”):

Contractor Event of Default. .1 Without prejudice to the Principal’s rights under clause 18.1, if the Contractor commits a breach of this Agreement, the Principal may give the Contractor a Notice (Contractor Default Notice) which: .1 states that it is a Contractor Default Notice; .2 details the alleged breach; and .3 requires the Contractor to remedy the breach. .2 On giving a Contractor Default Notice to the Contractor under clause 18.2.1, the Principal may suspend payments to the Contractor until the date on which the Contractor remedies the breach to the Principal’s reasonable satisfaction. .3 If within thirty (30) days after the Contractor has received a Contractor Default Notice from the Principal under clause 18.2.1, the Contractor fails to remedy the breach or, where the breach is not capable of remedy, overcome its effects, the Principal may, by Notice to the Contractor: .1 suspend the whole or any part of the supply of the Goods or the performance of the Services;

Contractor Event of Default. See Section 17.1 hereof. Day or day. Day or day means a calendar day. Engineered Equipment. Engineered Equipment means all equipment to be procured and provided by Contractor as listed in Exhibit M. Engineered Equipment Cost. Engineered Equipment Cost means the final aggregate cost of all Engineered Equipment. ***

Contractor Event of Default. Any of the following events shall constitute an Event of Default by the Contractor (“Contractor Event of Default”) unless such event has occurred as a result of one or more reasons as stated in Clause 5.4: (i) The Contractor has failed to accept the Waste supplied by Municipal Body in accordance with Schedule F for a continuous period of two days for reasons attributed to planned maintenance shutdown as indicated by the Contractor in the O&M requirements to be submitted to the Municipal Body as per Clause 5.1.4 or an aggregate period of five days in any given month; (ii) At any time during the Contract Period, the Contractor fails to adhere to the O&M Requirements and has failed to remedy the same within the stipulated period of receipt of notice in this regard from the Municipal Body. (iii) The Contractor has failed to make any payments due to the Municipal Body and the same is in default for more than 60 days. (iv) The Contractor is in Material Breach of any of its obligations under this Agreement and the same has not been remedied within the stipulated time frame provided by the Municipal Body. (v) Any representation or Warranty made by the Contractor under this Agreement is found to be false and misleading. (vi) Contractor is declared insolvent; (vii) Any petition for winding up of the Contractor has been admitted and liquidator or provisional liquidator has been appointed or the Contractor has been ordered to be wound up by Court of competent jurisdiction, except for the purpose of amalgamation or reconstruction with the prior consent of Municipal Body, provided that, as part of such amalgamation or reconstruction and the amalgamated or reconstructed entity has unconditionally assumed all surviving obligations of the Contractor under this Agreement.

Contractor Event of Default. Any of the following events shall constitute an event of default by the CONTRACTOR i. the CONTRACTOR fails to remedy any breach hereof or any failure in the performance of its obligations hereunder, as specified in a notice of suspension pursuant to Sub-clause 65.2 hereinabove, within 30 (thirty) days of receipt of such notice of suspension or within such further period as IREL may have subsequently granted in writing; ii. The CONTRACTOR fails to commence the Works ; iii. The CONTRACTOR fails to ensure that Works Completion Date of the Plant is achieved as per schedule mentioned in the contract/ agreement; iv. Any representation made or warranties given by the CONTRACTOR under this Contract is found to be false or misleading; v. The transfer, pursuant to law of either (a) the rights and/or obligations of the CONTRACTOR under the Contract, or (b) all or material part of the CONTRACTOR; except where such transfer in the reasonable opinion of IREL does not affect the ability of the CONTRACTOR to perform, and the CONTRACTOR has the financial and technical capability to perform. its material obligations under the Contract; vi. The CONTRACTOR suspends or abandons the Works without prior consent of IREL, provided that the CONTRACTOR shall be deemed not to have suspended/ abandoned operation if such suspension/ abandonment was (i) as a result of Force Majeure Event and is only for the period such Force Majeure is continuing, or (ii) is on account of a breachof its obligations under the Contract by IREL; vii. the CONTRACTOR becomes insolvent or bankrupt or enters into any agreement with its creditors for relief of debt or take advantage of any law for the benefit of debtors or goes into liquidation or receivership whether compulsory or voluntary; viii. the CONTRACTOR fails to comply with any final decision reached as a result of arbitrationproceedings pursuant to Clause 63 hereof; ix. the CONTRACTOR submits to IREL a statement which has a material effect on the rights, obligations or interests of IREL and which the CONTRACTOR knows to be false; x. any document, information, data or statement submitted by the CONTRACTOR in its Bid, based on which the CONTRACTOR was considered eligible or successful, is found to befalse, incorrect or misleading; or xi. The CONTRACTOR repudiates the Contract or otherwise evidences an intention not to be bound by the Contract.

Contractor Event of Default. (a) Owners may declare a Contractor Event of Default upon written notice to Contractor of the occurrence of any of the following (each a “Contractor Event of Default”): (i) Contractor is in breach of a material provision of this Agreement (other than the matters addressed in the other subsections of this Section 22.2(a)) and fails to cure the breach within [***] following written notice of such breach or, if such breach is not capable of being cured within such [***] period, such longer 105 period as is reasonably necessary but in no event longer than [***] following written notice of such breach so long as Contractor has commenced the cure within such [***] period and thereafter diligently pursues the cure; (ii) Owners notify Contractor in writing that Contractor has abandoned the Work, and within [***] after Contractor’s receipt of such written notice, Contractor has failed to (A) resume diligent performance of the Work consistent with the Project Schedule or (B) provide reasonable assurances that Contractor has not abandoned the Work; (iii) Achievement of any of the Critical Milestones for a Unit is delayed by more than [***] past the date for such Critical Milestone as set forth in Exhibit E-2, as a result, in whole or in part, of any defect or failure in the Work or any other actions or omissions of Contractor or Contractor’s Personnel, and Contractor is not exercising due diligence to correct same; provided that Owners shall not have the right to terminate for failure to meet the Guaranteed Substantial Completion Date for a Unit in the event of the Long Lead Material Exception; (iv) Contractor fails to (A) submit a Recovery Plan as required under Section 3.4(d) or fails to begin implementation of the Recovery Plan and does not cure such failure within [***] following written notice of such failure, or (B) use commercially reasonable efforts to adhere to the Recovery Plan until such Recovery Plan is completed; provided that there shall be no Contractor Event of Default if the Recovery Plan is required due to Uncontrollable Circumstances or as a result of a breach of this Agreement by Owners or delay caused by Owners or their Personnel; (v) Contractor’s liability reaches the Maximum Liability Amount or Contractor has reached [***]; (vi) Either Consortium Member is Insolvent unless the other Consortium Member has provided security for performance of the Insolvent Consortium Member’s obligations reasonably satisfactory to Owners; (vii) [***] (viii) Contr...