Contractor Event of Default. Any non-performance by the Contractor, which is not cured within at least 30 days 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. 19.2.1) 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. 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. The term shall have the meaning set forth in Section 20.1.
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. .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.
Contractor Event of Default. 25.2.1 The Contractor shall notify the Employer forthwith on the Contractor becoming aware of the occurrence of a Contractor Event of Default.
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:
Contractor Event of Default. SPSA shall, in accordance with the provisions of this Agreement, have the right to terminate this Agreement for a Contractor Event of Default. Should such a Contractor Event of Default occur, SPSA shall have the right to:
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. ***
