Recapture. In the event that the Contractor fails to perform this Contract in accordance with state laws, federal laws, and/or the provisions of this Contract, COMMERCE reserves the right to recapture funds in an amount to compensate COMMERCE for the noncompliance in addition to any other remedies available at law or in equity. Repayment by the Contractor of funds under this recapture provision shall occur within the time period specified by COMMERCE. In the alternative, COMMERCE may recapture such funds from payments due under this Contract.
Appears in 54 contracts
Samples: Interlocal Agreement, Interagency Agreement, Interagency Agreement
Recapture. β In the event that the Contractor fails to perform this Contract in accordance with state laws, federal laws, and/or the provisions of this Contract, COMMERCE reserves the right to recapture funds in an amount to compensate COMMERCE for the noncompliance in addition to any other remedies available at law or in equity. Repayment by the Contractor of funds under this recapture provision shall occur within the time period specified by COMMERCE. In the alternative, COMMERCE may recapture such funds from payments due under this Contract.
Appears in 10 contracts
Samples: Interagency Agreement, Interagency Agreement, Interagency Agreement
Recapture. In the event that the Contractor fails to perform this Contract contract in accordance with state laws, federal laws, and/or the provisions of this Contractcontract, COMMERCE THE BOARD reserves the right to recapture funds in an amount to compensate COMMERCE THE BOARD for the noncompliance in addition to any other remedies available at law or in equity. Repayment by the Contractor of funds under this recapture provision shall occur within the time period specified by COMMERCETHE BOARD. In the alternative, COMMERCE THE BOARD may recapture such funds from payments due under this Contractcontract.
Appears in 3 contracts
Samples: Capital Agreement, Capital Agreement, Capital Agreement
