Common use of Right of Assurance Clause in Contracts

Right of Assurance. If State, in good faith, has reason to believe that Contractor does not intend to, is unable to, or has refused to perform or continue performing all material obligations under this Contract, State may demand in writing that Contractor give a written assurance of intent to perform. Contractor’s failure to provide written assurance within the number of days specified in the demand (in no event less than five business days) may, at State’s option, be the basis for terminating this Contract and pursuing the rights and remedies available under this Contract or law.

Right of Assurance. If State, in good faith, has reason to believe that Contractor does not intend tointendto, is unable to, or has refused to perform or continue performing all material obligations under this Contract, State may demand in writing that Contractor give a written assurance of intent to perform. Contractor’s failure to provide written assurance within the number of days specified in the demand (in no event less than five business days) may, at State’s option, be the basis for terminating this Contract and pursuing the rights and remedies available under this Contract or law.

Right of Assurance. If State, in good faith, has reason to believe that Contractor does not intend to, is unable to, or has refused to perform or continue performing all material obligations under this Contract, State may demand in writing that Contractor give a written assurance of intent to perform. Contractor’s failure to provide written assurance within the number of days specified in the demand (in no event less than five business days) days may, at State’s 's option, be the basis for terminating this Contract and pursuing the rights and remedies available under this Contract or law.

Right of Assurance. If State, in good faith, has reason to believe that Contractor does not intend to, is unable to, or has refused to perform or continue performing all material obligations under this Contract, State may demand in writing that Contractor give a written assurance of intent to perform. Contractor’s failure to provide written assurance within the number of days specified in the demand (in no event less than five (5) business days) may, at State’s option, be the basis for terminating this Contract and pursuing the rights and remedies available under this Contract or law.

Right of Assurance. If State, in good faith, has reason to believe that Contractor does not intend to, is unable to, or has refused to perform or continue performing all material obligations under this Contract, State may demand in writing that Contractor give a written assurance of intent to perform. Contractor’s failure to provide written assurance within the number of days specified in the demand (in no event less than five business days) days may, at State’s option, be the basis for terminating this Contract and pursuing the rights and remedies available under this Contract or law.