Common use of Default by the Owner Clause in Contracts

Default by the Owner. 116. If the Owner fails to perform their obligations under this Building Contract or if the Owner becomes bankrupt or goes into liquidation (other than for the purpose of amalgamation or reconstruction) or has a receiver or statutory manager appointed, then the RMB, without prejudice to its other remedies, may exercise all or any of the following remedies: a cancel the Building Contract; b suspend the carrying out of the Works until that default has been remedied; or c whether the Works have been suspended or not, take action in any Court or other legal forum of competent jurisdiction.

Default by the Owner. 116. If 127.If the Owner fails to perform their obligations under this Building Contract or if the Owner becomes bankrupt or goes into liquidation (other than for the purpose of amalgamation or reconstruction) or has a receiver or statutory manager appointed, then the RMB, without prejudice to its other remedies, may exercise all or any of the following remedies: a cancel the Building Contract; b suspend the carrying out of the Works until that default has been remedied; or c whether the Works have been suspended or not, take action in any Court or other legal forum of competent jurisdiction.

Default by the Owner. 116127. If the Owner fails to perform their obligations under this Building Contract or if the Owner becomes bankrupt or goes into liquidation (other than for the purpose of amalgamation or reconstruction) or has a receiver or statutory manager appointed, then the RMB, without prejudice to its other remedies, may exercise all or any of the following remedies: a cancel the Building Contract; b suspend the carrying out of the Works until that default has been remedied; or c whether the Works have been suspended or not, take action in any Court or other legal forum of competent jurisdiction.