General Contractor Default Clause Samples

General Contractor Default. The General Contractor shall have defaulted under any Construction Contract, which default the Agent, in its sole discretion, shall deem substantial, and the Borrower, after thirty (30) days Notice from the Agent, shall fail to commence exercising any resulting right or remedy to which it may be entitled thereunder and diligently pursue such right or remedy unless the Borrower excludes the affected Eligible Project from the calculation of the Borrowing Base.

General Contractor Default. 72 SECTION 9.16 ZONING................................................................................72 SECTION 9.17

General Contractor Default. 85 SECTION 9.23

General Contractor Default. Any declaration of an “event of default” or the like by a General Contractor under its contract with the Developer.

General Contractor Default. The General Contractor defaults under the Construction Contract in a manner which Lender deems in Lender's reasonable judgment to be material, and, unless otherwise agreed in writing by Lender, ASF fails promptly to exercise its rights and remedies under the Construction Contract with respect to such default.

General Contractor Default. 24 --------------------------

General Contractor Default. A default by General Contractor under the Construction Contract, which default under the terms of such Construction Contract the Lender deems to be substantial, and Borrower, upon fifteen (15) days written notice from ▇▇▇▇▇▇, fails to commence the exercise of any resulting right or remedy to which Borrower shall be entitled.