Common use of Default Suspension and Termination Clause in Contracts

Default Suspension and Termination. A. Design-Builder default. When UGAA determines or has reason to believe that one or more of the following conditions of default exists, UGAA may issue a notice of pending default to Design-Builder and its Surety on Performance and Payment Bonds. A nonexclusive list of conditions of default follows:

Appears in 3 contracts

Samples: s3.us-east-2.amazonaws.com, s3.us-east-2.amazonaws.com, s3.us-east-2.amazonaws.com

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Default Suspension and Termination. A. Design-Builder Contractor default. When UGAA determines or has reason to believe that one or more of the following conditions of default exists, UGAA may issue a notice Notice of pending default Pending Declaration of Default to Design-Builder Contractor and its Surety on Performance and Payment Bonds. A nonexclusive list of conditions of default follows:

Appears in 1 contract

Samples: Form of Agreement

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