Common use of Termination for Authority’s Default Clause in Contracts

Termination for Authority’s Default. 16.4.1 In addition to any other termination events described in the Contract, the Contractor shall be entitled to terminate the Contract to the extent of its Scope of Project if: (a) the Contractor does not receive any undisputed payment within [60 (sixty)] days after the Payment Due Date; (b) the Authority fails to perform any of its material obligations under this Contract or is in material breach of any obligations under this Contract; (c) the Authority suspends Contractor’s entire Scope of Project for a period of more than 180 (one hundred and eighty) days; (d) the Authority becomes bankrupt or insolvent, goes into liquidation, has a receiving or administration order made against it compounds with its creditors, or carries on business under a receiver, trustee or manager for the benefit of its creditors, or if any act is done or event occurs which (under Applicable Laws) has a similar effect to any of these acts or events. 16.4.2 In any of these events or circumstances, the Contractor may, upon giving 14 (fourteen) days' written notice to the Authority, and if the default is not rectified within the period of 30 (thirty) days, terminate the Contract. 16.4.3 The termination of the Contract by the Contractor shall not prejudice any other rights of the Authority, under the Contract or otherwise.

Termination for Authority’s Default. 16.4.1 16.3.1 In addition to any other termination events described in the Contract, the Contractor shall be entitled to terminate the Contract to the extent of its Scope of Project if: (a) the Contractor does not receive any undisputed payment within [60 (sixty)] ) days after the Payment Due Date; (b) the Authority fails to perform any of its material obligations under this Contract or is in material breach of any obligations under this Contract; (c) the Authority suspends Contractor’s entire Scope of Project for a period of more than 180 (one hundred and eighty) days; (d) the Authority becomes bankrupt or insolvent, goes into liquidation, has a receiving or administration order made against it compounds with its creditors, or carries on business under a receiver, trustee or manager for the benefit of its creditors, or if any act is done or event occurs which (under Applicable Laws) has a similar effect to any of these acts or events. 16.4.2 16.3.2 In any of these events or circumstances, the Contractor may, upon giving 14 (fourteen) days' written notice to the Authority, and if the default is not rectified within the period of 30 (thirty) days, terminate the Contract. 16.4.3 16.3.3 The termination of the Contract by the Contractor shall not prejudice any other rights of the Authority, under the Contract or otherwise.