TERMINATION BY THE CONTRACTOR. If the OR fails to issue a Certificate of Payment for a period of thirty days through no fault of the CONTRACTOR, or if the OWNER fails to make payment thereon for a period of thirty days, the CONTRACTOR may, upon seven days' written notice to the OWNER and the OR, terminate the Contract and recover from the OWNER payment for all Work executed and for any proven loss sustained upon any materials, equipment tools, and construction equipment and machinery, including reasonable profit and damages.
Appears in 14 contracts
Samples: Construction Contract, Construction Contract, Construction Contract
TERMINATION BY THE CONTRACTOR. If the OR fails to issue a Certificate of Payment for a period of thirty days through no fault of the CONTRACTORContractor, or if the OWNER Owner fails to make payment thereon for a period of thirty days, the CONTRACTOR Contractor may, upon seven days' days written notice to the OWNER Owner and the OR, terminate the Contract and recover from the OWNER Owner payment for all Work executed and for any proven loss sustained upon any materials, equipment tools, and construction equipment and machinery, including reasonable profit and damages.
Appears in 1 contract
Samples: Construction Contract
TERMINATION BY THE CONTRACTOR. If the OR fails to issue a Certificate of Payment for a period of thirty (30) days through no fault of the CONTRACTORContractor, or if the OWNER Owner fails to make payment thereon for a period of thirty (30) days, the CONTRACTOR Contractor may, upon seven (7) days' ’ prior written notice to the OWNER Owner and the OR, terminate the Contract and recover from the OWNER Owner payment for all Work executed and for any proven loss sustained upon any materials, equipment tools, and construction equipment and machinery, including reasonable profit and damagesactually performed through the date of termination.
Appears in 1 contract
Samples: Construction Contract
TERMINATION BY THE CONTRACTOR. If the OR fails to issue a Certificate of Payment for a period of thirty days through no fault of the CONTRACTORContractor, or if the OWNER Owner fails to make payment thereon for a period of thirty days, the CONTRACTOR Contractor may, upon seven days' days written notice to the OWNER Owner and the OR, terminate the Contract and recover from the OWNER Owner payment for all Work executed and for any proven loss sustained upon any materials, equipment tools, and construction equipment and machinery, including reasonable profit and damages.
Appears in 1 contract
Samples: Construction Contract