Effect of Failure to Achieve Material Completion Sample Clauses

Effect of Failure to Achieve Material Completion. Should Material Completion not be achieved by the Material Completion and Occupancy Date, as amended, the following matters are conclusively determined:
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Effect of Failure to Achieve Material Completion. Should Material Completion not be achieved by the Material Completion and Occupancy Date, as amended, the following matters are conclusively determined: Breach of Contract. As time is of the essence in the completion of the Work, the Contractor is in breach of the Contract and is subject to default.

Related to Effect of Failure to Achieve Material Completion

  • Failure to Maintain Financial Viability The System Agency may terminate the Grant Agreement if the System Agency, in its sole discretion, determines that Grantee no longer maintains the financial viability required to complete the services and deliverables, or otherwise fully perform its responsibilities under the Grant Agreement.

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