Common use of Subcontractors Failure of Performance Right to Cure and Termination Clause in Contracts

Subcontractors Failure of Performance Right to Cure and Termination. A. Right to Adequate Assurances: When reasonable grounds for insecurity arise with respect to Subcontractor’s performance, Contractor may in writing demand adequate assurance of due performance. Subcontractor’s failure to provide within three (3) days of the demand such assurance of due performance as is adequate under the circumstances will constitute a default pursuant to the terms of this Section. Contractor’s right to demand adequate assurances shall in no way limit Contractor’s right to immediately issue a notice to cure as provided below.

Subcontractors Failure of Performance Right to Cure and Termination. A. Right to To Adequate Assurances: When reasonable grounds for insecurity arise with respect to Subcontractor’s performance, Contractor may in writing demand adequate assurance of due performance. Subcontractor’s failure to provide within three (3) days of the demand such assurance of due performance as is adequate under the circumstances will constitute a default pursuant to the terms of this Section. Contractor’s right to demand adequate assurances shall in no way limit Contractor’s right to immediately issue a notice to cure as provided below.