Common use of Default by Contractor Clause in Contracts

Default by Contractor. Contractor shall be in default under this Contract if: (a) Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or (b) Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under this Contract and Contractor has not obtained such license or certificate within ten (10) business days after delivery of the Agency’s notice of default or such longer period as the Agency may specify in such notice; or (c) Contractor commits any material breach or default of any covenant, warranty, obligation or certification under this Contract, and such breach, default or failure is not cured within ten (10) business days after delivery of the Agency’s notice of default or such longer period as the Agency may specify in such notice.

Default by Contractor. Contractor shall be in default under this Contract Price Agreement if: (a) : i. Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or (b) or ii. Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under this Contract the Price Agreement and Contractor has not obtained such license or certificate within ten fourteen (1014) business calendar days after delivery of the Agency’s notice of default or such longer period as the Agency may specify in such notice; or (c) or iii. Contractor commits any material breach or default of any covenant, warranty, obligation or certification under this ContractPrice Agreement including but not limited to breach of the Price Agreement, and such breach, default or failure is not cured within ten fourteen (1014) business calendar days after delivery of the Agency’s notice of default 's notice, or such longer period as the Agency may specify in such notice.

Default by Contractor. Contractor shall be in default under this Contract if: (a) : 3.18.1.1 Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or (b) or 3.18.1.2 Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under this Contract and Contractor has not obtained such license or certificate within ten (10) business days after delivery of the Agency’s notice of default or such longer period as the Agency may specify in such notice; or (c) or 3.18.1.3 Contractor commits any material breach or default of any covenant, warranty, obligation or certification under this Contract, and such breach, default or failure is not cured within ten (10) business days after delivery of the Agency’s notice of default or such longer period as the Agency may specify in such notice.

Default by Contractor. Contractor shall be in default under this Contract if: (ai) Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or (bii) Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under this Contract Price Agreement and Contractor has not obtained such the license or certificate within ten (10) business days after delivery of the Agency’s DAS PS delivers notice of default to Contractor or such a longer period as the Agency DAS PS may specify in such the notice; or (ciii) Contractor commits any material breach or default of any covenant, warranty, obligation or certification under this ContractPrice Agreement, and such breach, default or failure is not cured within ten (10) business days after delivery of the Agency’s notice of default or such longer period as the Agency may specify in such the notice.