Common use of Owner Events of Default Clause in Contracts

Owner Events of Default. The following shall be considered "Owner Events of Default": 12.3.1 if the Work is stopped for a period of one hundred eighty (180) Days through no act or fault of the Design/Builder for any of the following reasons: 12.3.1.1 issuance of an order of a court or other public authority having 12.3.1.2 an act of government, such as a declaration of national emergency, making material unavailable; 12.3.2 if the Work is stopped for a period of thirty (30) Days through no act or fault of the Design/Builder because the Owner has not made payment of undisputed amounts set forth in an Application for Payment within the time stated in the Contract Documents.

Owner Events of Default. The following shall be considered "Owner Events of Default": 12.3.1 if the Work is stopped for a period of one hundred eighty (180) Days through no act or fault of the Design/Builder for any of the following reasons: 12.3.1.1 issuance of an order of a court or other public authority havinghaving jurisdiction; 12.3.1.2 an act of government, such as a declaration of national emergency, making material unavailable; 12.3.2 if the Work is stopped for a period of thirty (30) Days through no act or fault of the Design/Builder because the Owner has not made payment of undisputed amounts set forth in an Application for Payment within the time stated in the Contract Documents.