Common use of PROJECT TERMINATION AND SUSPENSION Clause in Contracts

PROJECT TERMINATION AND SUSPENSION. 15.1 This Agreement may be terminated during the Pre-Construction Phase by either party upon fifteen (15) days written notice should the other party fail substantially to perform in accordance with its terms through no fault of the party initiating the termination and the breach is not cured or a plan to cure the breach acceptable to the non-breaching party is not established within the fifteen (15) day period. 15.2 This Agreement may be terminated by Owner during the Pre-Construction Phase upon at least three (3) business days written notice to Contractor in the event that the Project is to be temporarily or permanently abandoned. 15.3 This Agreement may be terminated by Owner at the GMP Proposal stage upon at least three

Appears in 8 contracts

Samples: Design Build Contract, Design Build Contract, Design Build Contract

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