Common use of Delinquent Debt Clause in Contracts

Delinquent Debt. If the Department requests or requires Contractor to repay funds to the Department as a result of Contractor’s noncompliance with contractual or TxCDBG program requirements and Contractor fails to repay the funds by such date as specified by the Department, Contractor shall be ineligible to receive any future TxCDBG grant funding until Contractor has repaid the entire obligation to the Department.

Appears in 3 contracts

Samples: Construction Contract, Community Development Fund Agreement, Contract Agreement

AutoNDA by SimpleDocs

Delinquent Debt. If the Department requests or requires the Contractor to repay funds to the Department as a result of the Contractor’s noncompliance with contractual or TxCDBG program requirements and the Contractor fails to repay the funds by such date as specified by the Department, the Contractor shall be ineligible to receive any future TxCDBG grant funding until the Contractor has repaid the entire obligation to the Department.

Appears in 1 contract

Samples: Construction Contract

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!