Common use of Termination for Default or Convenience Clause in Contracts

Termination for Default or Convenience. (i) Seller has not received any written or oral show cause, cure, deficiency, default or similar notice relating to any Government Contracts, (ii) no termination for default, cure notice or show cause notice has been issued or threatened and remains unresolved with respect to any Government Contract or Government Contract Bid, and no event, condition or omission has occurred or exists that would constitute grounds for such action, (iii) no past performance evaluation received by Seller with respect to any such Government Contract has set forth a default or other material failure to perform thereunder or termination or default thereof, (iv) there has not been any material withholding or setoff under any Government Contract, (v) all invoices and claims (including requests for progress payments and provisional costs payments) submitted under each Government Contract were current, accurate and complete in all material respects as of their submission date and (vi) none of the execution, delivery or performance of this Agreement and any other consents, certificates or deliverables required herein does or will conflict with or result in a material breach of or default under any Government Contract or cause a termination of any Government Contract due to loss of preferential status. Seller has not received any written or oral notice terminating any of the Government Contracts for convenience or indicating an intent to terminate any of the Government Contracts for convenience.

Appears in 4 contracts

Samples: Accounts Receivable Purchase Agreement (Telos Corp), Accounts Receivable Purchase Agreement (Implant Sciences Corp), Accounts Receivable Purchase Agreement (American Defense Systems Inc)

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Termination for Default or Convenience. (i) Seller The Company has not received any written or oral show cause, cure, deficiency, default or similar notice relating to any the Current Government Contracts, ; (ii) no termination for default, cure notice or show cause notice has been issued or threatened and remains unresolved with respect to any Government Contract or Government Contract Bid, and no event, condition or omission has occurred or exists that would constitute grounds for such action, ; (iii) no past performance evaluation received by Seller the Company with respect to any such Government Contract has set forth a default or other material failure to perform thereunder or termination or default thereof, ; (iv) there has not been any material withholding or setoff under any Government Contract, setoff; (v) all invoices and claims (including requests for progress payments and provisional costs payments) submitted under each Government Contract were current, accurate and complete complied in all material respects respects, as of their submission date date, with the requirements of the Government Contract under which they were submitted; and (vi) none of the execution, delivery or performance of this Agreement and any other consents, certificates or deliverables required herein the Articles of Merger does or will conflict with or result in a material breach of or default under any Government Contract or cause a termination of any Government Contract due to loss of preferential statusContract. Seller The Company has not received any written or oral notice terminating any of the Current Government Contracts for convenience or indicating an intent to terminate any of the Current Government Contracts for convenience.

Appears in 1 contract

Samples: Merger Agreement (Mantech International Corp)

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