Common use of Notice of Default; Opportunity to Cure Clause in Contracts

Notice of Default; Opportunity to Cure. In the event that the City determines that the Design-Build Firm is in default of their obligations under the Contract, the City may at its sole discretion notify the Design-Build Firm, specifying the basis for such default, and advising the Design-Build Firm that such default must be cured within a specified time frame or the Contract with the City may be terminated. The City is under no obligation to issue such notification. The City may grant an extension to the cure period if the City deems it appropriate and in the best interest of the City, without waiver of any of the City‟s rights hereunder. The City, at its sole discretion, may have a default corrected by its own forces or another Design-Build Firm and any such costs incurred will be deducted from any sums due the Design-Build Firm under any contract with the City.

Notice of Default; Opportunity to Cure. In the event that the City determines that the Design-Build Firm is in default of their obligations under the Contract, the City may at its sole discretion notify the Design-Build Firm, specifying the basis for such default, and advising the Design-Build Firm that such default must be cured within a specified time frame or the Contract with the City may be terminated. The City is under no obligation to issue such notification. The City may grant an extension to the cure period if the City deems it appropriate and in the best interest of the City, without waiver of any of the City‟s City’s rights hereunder. The City, at its sole discretion, may have a default corrected by its own forces or another Design-Build Firm and any such costs incurred will be deducted from any sums due the Design-Build Firm under any contract with the City.

Notice of Default; Opportunity to Cure. ‌‌‌ In the event that the City determines that the Design-Build Firm Contractor is in default of their obligations under the Contract, the City may at its sole discretion notify the Design-Build FirmContractor, specifying the basis for such default, and advising the Design-Build Firm Contractor that such default must be cured within a specified time frame or the Contract with the City may be terminated. The City is under no obligation to issue such notification. The City may grant an extension to the cure period if the City deems it appropriate and in the best interest of the City, without waiver of any of the City‟s City’s rights hereunder. The City, at its sole discretion, may have a default corrected by its own forces or another Design-Build Firm Contractor and any such costs incurred will be deducted from any sums due the Design-Build Firm Contractor under any contract with the City.

Notice of Default; Opportunity to Cure. ‌ In the event that the City determines that the Design-Build Firm is in default an Event of their obligations under the ContractDefault has occurred, the City may may, at its sole discretion discretion, notify the Design-Build FirmConstruction Manager, specifying the basis for such default, and advising the Design-Build Firm Construction Manager that such default must be cured within a specified time frame or Cure Period determined by the Contract with the City may be terminatedCity. The City is under no obligation to issue such notification. The City may grant an extension to the cure period Cure Period if the City deems it appropriate and in the best interest of the City, without waiver of any of the City‟s City’s rights hereunder. The City, at its sole discretion, may have a default corrected by its own forces or another Design-Build Firm contractor and any such costs incurred will be deducted from any sums due the Design-Build Firm Construction Manager under this Agreement or any other contract with between Construction Manager and the City.

Notice of Default; Opportunity to Cure. In the event that the City determines that the Design-Build Firm Contractor is in default of their obligations under the Contract, the City may at its sole discretion notify the Design-Build FirmContractor, specifying the basis for such default, and advising the Design-Build Firm Contractor that such default must be cured within a specified time frame or the Contract with the City may be terminated. The City is under no obligation to issue such notification. The City may grant an extension to the cure period if the City deems it appropriate and in the best interest of the City, without waiver of any of the City‟s City’s rights hereunder. The City, at its sole discretion, may have a default corrected by its own forces or another Design-Build Firm contractor and any such costs incurred will be deducted from any sums due the Design-Build Firm Contractor under any contract with the City.