Event of Default Remedies. 11.1 Any one or more of the following acts or omissions of the Grantee shall constitute an event of default hereunder (hereinafter referred to as “Events of Default”): 11.1.1 failure to perform the Project satisfactorily or on schedule; or 11.1.2 failure to submit any report required hereunder; or 11.1.3 failure to maintain, or permit access to, the records required hereunder; or 11.1.4 failure to perform any of the other covenants and conditions of this Agreement. 11.2 Upon the occurrence of any Event of Default, the State may take any one, or more, or all, of the following actions: 11.2.1 give the Grantee a written notice specifying the Event of Default and requiring it to be remedied within, in the absence of a greater or lesser specification of time, thirty (30) days from the date of the notice; and if the Event of Default is not timely remedied, terminate this Agreement, effective two (2) days after giving the Grantee notice of termination; and 11.2.2 give the Grantee a written notice specifying the Event of Default and suspending all payments to be made under this Agreement and ordering that the portion of the Grant Amount which would otherwise accrue to the grantee during the period from the date of such notice until such time as the State determines that the Grantee has cured the Event of Default shall never be paid to the Grantee; and 11.2.3 set off against any other obligation the State may owe to the Grantee any damages the State suffers by reason of any Event of Default; and 11.2.4 treat the agreement as breached and pursue any of its remedies at law or in equity, or both.
Appears in 4 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Event of Default Remedies. 11.1 11.1. Any one or more of the following acts or omissions of the Grantee Subrecipient shall constitute an event of default hereunder (hereinafter referred to as “Events of Default”):
11.1.1 failure Failure to perform the Project satisfactorily or on schedule; or
11.1.2 failure Failure to submit any report required hereunder; or
11.1.3 failure Failure to maintain, or permit access to, the records required hereunder; or
11.1.4 failure Failure to perform any of the other covenants and conditions of this Agreement.
11.2 11.2. Upon the occurrence of any Event of Default, the State may take any one, or more, or all, of the following actions:
11.2.1 give Give the Grantee Subrecipient a written notice specifying the Event of Default and requiring it to be remedied within, in the absence of a greater or lesser specification of time, thirty (30) days from the date of the notice; and if the Event of Default is not timely remedied, terminate this Agreement, effective two (2) days after giving the Grantee Subrecipient notice of termination; and
11.2.2 give Give the Grantee Subrecipient a written notice specifying the Event of Default and suspending all payments to be made under this Agreement and ordering that the portion of the Grant Amount which would otherwise accrue to the grantee Subrecipient during the period from the date of such notice until such time as the State determines that the Grantee Subrecipient has cured the Event of Default shall never be paid to the GranteeSubrecipient; and
11.2.3 set Set off against any other obligation the State may owe to the Grantee Subrecipient any damages the State suffers by reason of any Event of Default; and
11.2.4 treat Treat the agreement as breached and pursue any of its remedies at law or in equity, or both.
Appears in 3 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Event of Default Remedies. 11.1 11.1. Any one or more of the following acts or omissions of the Grantee shall constitute an event of default hereunder (hereinafter referred to as “Events of Default”):
11.1.1 11.1.1. failure to perform the Project satisfactorily or on schedule; or
11.1.2 11.1.2. failure to submit any report required hereunder; or
11.1.3 11.1.3. failure to maintain, or permit access to, the records required hereunder; or
11.1.4 11.1.4. failure to perform any of the other covenants and conditions of this Agreement.
11.2 11.2. Upon the occurrence of any Event of Default, the State may take any one, or more, or all, of the following actions:
11.2.1 11.2.1. give the Grantee a written notice specifying the Event of Default and requiring it to be remedied within, in the absence of a greater or lesser specification of time, thirty (30) days from the date of the notice; and if the Event of Default is not timely remedied, terminate this Agreement, effective two (2) days after giving the Grantee notice of termination; and
11.2.2 11.2.2. give the Grantee a written notice specifying the Event of Default and suspending all payments to be made under this Agreement and ordering that the portion of the Grant Amount which would otherwise accrue to the grantee during the period from the date of such notice until such time as the State determines that the Grantee has cured the Event of Default shall never be paid to the Grantee; and
11.2.3 11.2.3. set off against any other obligation the State may owe to the Grantee any damages the State suffers by reason of any Event of Default; and
11.2.4 11.2.4. treat the agreement as breached and pursue any of its remedies at law or in equity, or both.
Appears in 3 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Event of Default Remedies. 11.1 Any one or more of the following acts or omissions of the Grantee shall constitute an event of default hereunder (hereinafter referred to as “Events of Default”):
11.1.1 failure ): Failure to perform the Project satisfactorily or on schedule; or
11.1.2 failure or Failure to submit any report required hereunder; or
11.1.3 failure or Failure to maintain, or permit access to, the records required hereunder; or
11.1.4 failure or Failure to perform any of the other covenants and conditions of this Agreement.
11.2 . Upon the occurrence of any Event of Default, the State may take any one, or more, or all, of the following actions:
11.2.1 give : Give the Grantee a written notice specifying the Event of Default and requiring it to be remedied within, in the absence of a greater or lesser specification of time, thirty (30) days from the date of the notice; and if the Event of Default is not timely remedied, terminate this Agreement, effective two (2) days after giving the Grantee notice of termination; and
11.2.2 give and Give the Grantee a written notice specifying the Event of Default and suspending all payments to be made under this Agreement and ordering that the portion of the Grant Amount which would otherwise accrue to the grantee during the period from the date of such notice until such time as the State determines that the Grantee has cured the Event of Default shall never be paid to the Grantee; and
11.2.3 set and Set off against any other obligation the State may owe to the Grantee any damages the State suffers by reason of any Event of Default; and
11.2.4 treat and Treat the agreement as breached and pursue any of its remedies at law or in equity, or both.
Appears in 2 contracts
Samples: Grant Agreement, Grant Agreement
Event of Default Remedies. 11.1 3.11.1 Any one or more of the following acts or omissions of the Grantee Contractor shall constitute an event of default hereunder (hereinafter referred to as “Events of Default”):
11.1.1 3.11.1.1 failure to perform the Project satisfactorily or on schedule; or
11.1.2 3.11.1.2 failure to submit any report required hereunder; or
11.1.3 3.11.1.3 failure to maintain, or permit access to, the records required hereunder; or
11.1.4 3.11.1.4 failure to perform any of the other covenants and conditions of this Agreement.
11.2 3.11.2 Upon the occurrence of any Event of Default, the State Contract Owner may take any one, or more, or all, of the following actions:
11.2.1 3.11.3 give the Grantee Contractor a written notice specifying the Event of Default and requiring it to be remedied within, in the absence of a greater or lesser specification of time, thirty (30) days from the date of the notice; and if the Event of Default is not timely remedied, terminate this Agreement, effective two (2) days after giving the Grantee Contractor notice of termination; and
11.2.2 3.11.4 give the Grantee Contractor a written notice specifying the Event of Default and suspending all payments to be made under this Agreement agreement and ordering that the portion of the Grant Contract Amount which would otherwise accrue to the grantee Contractor during the period from the date of such notice until such time as the State Contract Owner determines that the Grantee Contractor has cured the Event of Default shall never be paid to the GranteeContractor; and
11.2.3 3.11.5 set off against any other obligation the State Contract Owner may owe to the Grantee Contractor any damages the State Contract Owner suffers by reason of any Event of Default; and
11.2.4 3.11.6 treat the agreement as breached and pursue any of its remedies at law or in equity, or both.
Appears in 2 contracts
Samples: Construction Contract, Construction Contract
