Common use of Opportunity to Cure Clause in Contracts

Opportunity to Cure. In the event that Contractor fails to perform a contractual requirement or materially breaches any term or condition, the State of Mississippi may issue a written cure notice. The Contractor may have a period of time in which to cure. The State of Mississippi is not required to allow the Contractor to cure defects if the opportunity for cure is not feasible as determined solely within the discretion of the State of Mississippi. Time allowed for cure shall not diminish or eliminate Contractor's liability for liquidated or other damages, or otherwise affect any other remedies available against Contractor under the Master Agreement or by law. If the breach remains after Contractor has been provided the opportunity to cure, the State of Mississippi may do any one or more of the following: 1. Exercise any remedy provided by law; 2. Terminate this Master Agreement and any related Contracts or portions thereof; 3. Procure replacements and impose damages as set forth elsewhere in this Master Agreement; 4. Impose actual or liquidated damages; 5. Suspend or bar Contractor from receiving future Solicitations or other opportunities; 6. Require Contractor to reimburse the State, or a Purchasing Entity, for any loss or additional expense incurred as a result of default or failure to satisfactorily perform the terms of the Master Agreement.