Common use of Grantee Default Clause in Contracts

Grantee Default. Any of the following constitutes a default by Grantee under this Agreement: (i) Any false or misleading representation is made by or on behalf of Grantee or sub-grantee, in this Agreement or in any document provided by Grantee to Agency related to the Grant Funds or the Project; (ii) Grantee fails to cure any performance as provided in Section 12.c; (iii) Grantee fails to perform any other obligation required under this Agreement; or (iv) If and to the extent allowed by law, Grantee initiates or consents to a proceeding or case, or a proceeding or case is commenced without the application or consent of Grantee, seeking: (A) the liquidation, dissolution or winding-up, or the composition or readjustment of debts, of Grantee, (B) the appointment of a trustee, receiver, custodian, liquidator, or the like of Grantee or of all or any substantial part of its assets, or (C) similar relief in respect to Grantee under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case continues undismissed, or an order, judgment, or decree approving or ordering any of the foregoing is entered and continues unstayed and in effect for a period of sixty

Grantee Default. Any of the following constitutes a default by Grantee under this Agreementan “Event of Default” of Grantee: (i1) Any false or misleading representation is made by or on behalf of Grantee or sub-granteeGrantee, in this Agreement or in any document provided by Grantee to Agency DAS related to the this Grant Funds or the Project;Project or in regard to compliance with the requirements of section 103 and sections 141 through 150 of the Code. (ii) Grantee fails to cure any performance as provided in Section 12.c; (iii2) Grantee fails to perform any other obligation required under this Agreement; or, other than those referred to in subsection A(1) of this Section 7, and that failure continues for a period of 30 calendar days after written notice specifying such failure is given to Grantee by DAS, or such longer period as DAS may agree to in writing, if DAS determines Grantee has instituted and is diligently pursuing corrective action. (iv3) If and to the extent allowed by law, Grantee initiates or consents to a proceeding or case, or a proceeding or case is commenced without the application or consent of Grantee, seeking: (Ai) the liquidation, dissolution or winding-up, or the composition or readjustment of debts, of Grantee, (Bii) the appointment of a trustee, receiver, custodian, liquidator, or the like of Grantee or of all or any substantial part of its assets, or (Ciii) similar relief in respect to Grantee under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case continues undismissed, or an order, judgment, or decree approving or ordering any of the foregoing is entered and continues unstayed and in effect for a period of sixtysixty (60) consecutive days, or an order for relief against Grantee is entered in an involuntary case under the Federal Bankruptcy Code (as now or hereafter in effect).

Grantee Default. Any of the following constitutes a default adefault by Grantee under this Agreement: (i) Any false or misleading representation is made by or on oron behalf of Grantee or sub-grantee, in this Agreement or Agreementor in any document provided by Grantee to Agency related to the Grant Funds or the Project; (ii) Grantee fails to cure any performance as provided in Section inSection 12.c; (iii) Grantee fails to perform any other obligation required under requiredunder this Agreement; or (iv) If and to the extent allowed by law, Grantee initiates or consents to a proceeding or case, or a proceeding or case is commenced without the application or consent of GranteeofGrantee, seeking: (A) the liquidation, dissolution or winding-up, or the composition or readjustment of debts, ,of Grantee, (B) the appointment of a trustee, receiver, custodian, liquidator, or the like of Grantee or of all or any substantial part of its assets, or (C) similar relief in respect to Grantee under any law relating to bankruptcy, ,insolvency, reorganization, winding-up, or composition or adjustment oradjustment of debts, and such proceeding or case continues undismissed, or an order, judgment, or decree approving decreeapproving or ordering any of the foregoing is entered and continues unstayed and in effect for a period of sixty