County Default. County shall be in default under this Agreement upon occurrence of any of the following events: a. County fails to perform, observe, or discharge any of its covenants, agreements or obligations set forth herein; b. Any representation, warranty or statement made by County herein or in any documents or reports relied upon by ODHS to measure the delivery of Work, the expenditure of payments or the performance by County is untrue in any material respect when made; c. County (1) applies for or consents to the appointment of, or taking of possession by, a receiver, custodian, trustee, or liquidator of itself or all or substantially all of its property, (2) admits in writing its inability, or is generally unable, to pay its debts as they become due, (3) makes a general assignment for the benefit of its creditors, (4) is adjudicated a bankrupt or insolvent, (5) commences a voluntary case under the federal Bankruptcy Code (as now or hereafter in effect), (6) files a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts,
Appears in 4 contracts
Samples: Intergovernmental Grant Agreement, Intergovernmental Grant Agreement, Intergovernmental Grant Agreement
County Default. County shall be in default under this Agreement upon the occurrence of any of the following events:
a. County fails to perform, observe, observe or discharge any of its covenants, agreements or obligations set forth herein;
b. Any representation, warranty or statement made by County herein or in any documents or reports relied upon by ODHS DHS to measure the delivery of Work, the expenditure of payments or the performance by County is untrue in any material respect when made;
c. County (1) applies for or consents to the appointment of, or taking of possession by, a receiver, custodian, trustee, or liquidator of itself or all or substantially all of its property, (2) admits in writing its inability, or is generally unable, to pay its debts as they become due, (3) makes a general assignment for the benefit of its creditors, (4) is adjudicated a bankrupt or insolvent, (5) commences a voluntary case under the federal Bankruptcy Code (as now or hereafter in effect), (6) files a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts,
Appears in 1 contract
Samples: Intergovernmental Grant Agreement
