Common use of Provider in Default Clause in Contracts

Provider in Default. a. You are in default if you have not completed a compliance requirement specified in the Final Audit Report within the timeframe set in accordance with clause A16.2(b). b. Where you are in default, we may give you notice of default, and such notice shall state: i. where the compliance requirement was to be completed within 2 Working Days, that you have a further period of not less than 2 Working Days from the date of notice of the default to comply with the relevant compliance requirement; ii. where the compliance requirement was to be completed within 2 to 10 Working Days, that you have a further period of not less than 10 Working Days from the date of the notice of default to comply with the relevant compliance requirement; or iii. in all other cases, that you have a further 20 Working Days from the date of the notice of default to comply with the compliance requirements. c. If, by the end of any period stated under A16.3(b), you have not completed the compliance requirement(s) in question, we may: i. vary the compliance requirement; ii. extend the timeframe to complete the compliance requirement; iii. withhold payment in accordance with clause A11; or. iv. terminate this Agreement in accordance with clause A24. d. When we are satisfied that you have completed all compliance requirements, we will notify you in writing that you are compliant.