Common use of Defaults With Opportunity for Cure Clause in Contracts

Defaults With Opportunity for Cure. Should Consultant default in the performance of this Agreement in a manner stated in this section 7.4 below, same shall be considered an event of default. City shall deliver written notice of said default specifying such matter(s) in default. Consultant shall have fifteen (15) calendar days after receipt of the written notice, in accordance with Article VIII. Notice, to cure such default. If Consultant fails to cure the default within such fifteen-day cure period, City shall have the right, without further notice, to terminate this Agreement in whole or in part as City deems appropriate, and to contract with another consultant to complete the work required in this Agreement. City shall also have the right to offset the cost of said new Agreement with a new consultant against Consultant’s future or unpaid invoice(s), subject to the duty on the part of City to mitigate its losses to the extent required by law. 7.4.1 Bankruptcy or selling substantially all of company’s assets 7.4.2 Failing to perform or failing to comply with any covenant herein required

Defaults With Opportunity for Cure. Should Consultant Contractor default in the performance of this Agreement in a manner stated in this section 7.4 Section 6.4 below, same shall be considered an event of default. City shall deliver written notice of said default specifying such matter(s) in default. Consultant Contractor shall have fifteen (15) calendar days after receipt of the written notice, in accordance with Article VIII. Notice, to cure such default. If Consultant Contractor fails to cure the default within such fifteen-day cure period, City shall have the right, without further notice, to terminate this Agreement in whole or in part as City deems appropriate, and to contract with another consultant contractor to complete the work required in this Agreement. City shall also have the right to offset the cost of said new Agreement with a new consultant contractor against ConsultantContractor’s future or unpaid invoice(s), subject to the duty on the part of City to mitigate its losses to the extent required by law. 7.4.1 Bankruptcy or selling substantially all of company’s assets 7.4.2 Failing to perform or failing to comply with any covenant herein required

Defaults With Opportunity for Cure. Should Consultant default in the performance of this Agreement in a manner stated in this section Section 7.4 below, same shall be considered an event of default. City shall deliver written notice of said default specifying such matter(s) in default. Consultant shall have fifteen (15) calendar days after receipt of the written notice, in accordance with Article VIII. Notice, to cure such default. If Consultant fails to cure the default within such fifteen-day cure period, City shall have the right, without further notice, to terminate this Agreement in whole or in part as City deems appropriate, and to contract with another consultant to complete the work required in this Agreement. City shall also have the right to offset the cost of said new Agreement with a new consultant against Consultant’s future or unpaid invoice(s), subject to the duty on the part of City to mitigate its losses to the extent required by law. 7.4.1 Bankruptcy or selling substantially all of company’s assets. 7.4.2 Failing to perform or failing to comply with any covenant herein required.