Common use of Events of Default and Remedies Termination Clause in Contracts

Events of Default and Remedies Termination. 12.1 Design/Builder Events of Default 12.1.1 if the Design/Builder persistently fails or neglects to carry out the Work in accordance with the provisions of the Contract Documents, and fails, after seven (7) Days notice from the Owner, to commence a cure to correct such failure or neglect and thereafter diligently pursue such cure to completion; 12.1.2 if the Design/Builder materially breaches this Agreement and fails, after seven