Common use of Remedies on Contractor’s Default Clause in Contracts

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.1. If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit C, less any damages incurred by District due to Contractor’s Default. 24.2.2. The District shall retain all rights it possesses as indicated in Exhibit D including, without limitation, 24.2.2.1. The right to assess liquidated damages due as permitted herein; 24.2.2.2. All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.125.2.1. If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit C, less any damages incurred by District due to Contractor’s Default. 24.2.225.2.2. The District shall retain all rights it possesses as indicated in Exhibit D including, without limitation, 24.2.2.125.2.2.1. The right to assess liquidated damages due as permitted herein; 24.2.2.2. All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.1. If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit C, less any damages incurred by District due to Contractor’s Default. 24.2.2. The District shall retain all rights it possesses as indicated in Exhibit D including, without limitation, 24.2.2.1. The right to assess liquidated damages due as permitted herein; 24.2.2.2. All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.1. 24.2.1 If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Maximum Price Provisions indicated in Exhibit C, less any damages incurred by District due to Contractor’s Default. 24.2.2. 24.2.2 The District shall retain all rights it possesses as indicated in Exhibit D including, without limitation, 24.2.2.1. 24.2.2.1 The right to assess liquidated damages due as permitted herein; 24.2.2.2. 24.2.2.2 All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.1. 24.2.1 If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Maximum Price Provisions indicated in Exhibit C, less any damages incurred by District due to Contractor’s Default. 24.2.2. 24.2.2 The District shall retain all rights it possesses as indicated in Exhibit D G including, without limitation, 24.2.2.1. 24.2.2.1 The right to assess liquidated damages due as permitted herein; 24.2.2.2. 24.2.2.2 All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.123.2.1. If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit C, less any damages incurred by District due to Contractor’s Default. 24.2.223.2.2. The District shall retain all rights it possesses as indicated in Exhibit D including, without limitation, 24.2.2.123.2.2.1. The right to assess liquidated damages due as permitted herein; 24.2.2.223.2.2.2. All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;

Remedies on Contractor’s Default. If there has been an Event of Default on the Contractor’s part, the District may, without waiver of or prejudice to any other right or remedy, terminate the Master Site Lease and Master Facilities Lease. 24.2.1. If District terminates the Master Site Lease and the Master Facilities Lease pursuant to this section, the Project Site(s) and any improvements built upon the Project Site(s) shall vest in District upon termination of the Master Site Lease and Master Facilities Lease, and District shall thereafter be required to pay only the principal amounts then due and owing pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit CC2, less any damages incurred by District due to Contractor’s Default. 24.2.2. The District shall retain all rights it possesses as indicated in Exhibit D D2 including, without limitation, 24.2.2.1. The right to assess liquidated damages due as permitted herein; 24.2.2.2. All rights the District holds to demand performance pursuant to the Contractor’s required performance bond;