Common use of REMEDIES AND POWERS Clause in Contracts

REMEDIES AND POWERS. Clause 60: Action when whole of security deposit is forfeited. In any case in which under any clause or clauses of the contract, the contractor shall have rendered himself liable to pay compensation amounting to whole of the security deposit or in the opinion of the Engineer-in-charge has abandoned the contract, or is not executing the works in accordance with the contract or is presently or flagrantly neglecting to carry out his obligations under the contract, or if the contractor employs any employee of the UOP in defiance to the provisions of clause 32 thereof, the Engineer-in-charge on behalf of the UOP, may, after giving fourteen days notice in writing to the contractor, rescind the contract (of which rescission notice in writing to the contractor under the hand of the Engineer-in-charge shall be conclusive evidence and in which case the security deposit of the contractor, shall stand forfeited, and be absolutelyat the disposal of UOP. And in case the contract shall be rescinded underthe provisions aforesaid):-

REMEDIES AND POWERS. Clause 60: Action when whole of security deposit is forfeited. In any case in which under any clause or clauses of the contract, the contractor shall have rendered himself liable to pay compensation amounting to whole of the security deposit or in the opinion of the Engineer-in-charge has abandoned the contract, or is not executing the works in accordance with the contract or is presently or flagrantly neglecting to carry out his obligations under the contract, or if the contractor employs e mploys any employee of the UOP in defiance to the provisions of clause 32 thereof, the Engineer-in-charge on behalf of the UOP, may, after giving fourteen days notice in writing to the contractor, rescind the contract (of which rescission notice in writing to the contractor under the hand of the Engineer-in-charge shall be conclusive evidence and in which case the security deposit of the contractor, shall stand forfeited, and be absolutelyat the disposal of UOP. And in case the contract shall be rescinded underthe provisions aforesaid):-