Common use of Termination for Cause by Owner Clause in Contracts

Termination for Cause by Owner. In the event Builder is in default of any of its covenants, duties or obligations hereunder and Builder fails to correct such default within a reasonable time given the nature of the covenant, duty or obligation in question (but no less than Thirty (30) days following written notice from Owner specifying in reasonable detail such default), Owner shall have the right, at its option, to terminate this Agreement for "cause" upon written notice to the Builder. In the event Owner terminates this Agreement for "

Termination for Cause by Owner. In the event Builder is in default of any of its covenants, duties or obligations hereunder and Builder fails to correct such default within a reasonable time given the nature of the covenant, duty or obligation in question (but no not less than Thirty (30) days following written notice from Owner specifying in reasonable detail such default), Owner shall have the right, at its option, to terminate this Agreement for "cause" upon written notice to the Builder. In the event Owner terminates this Agreement for "