Common use of Termination for Financial Instability Clause in Contracts

Termination for Financial Instability. The State may terminate this contract by written notice to Contractor if a petition in bankruptcy or similar proceeding has been filed by or against the Contractor.

Appears in 23 contracts

Samples: State of Ohio, Contract, State of Ohio

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Termination for Financial Instability. The State may terminate this contract by written notice Contract if the Contractor fails to Contractor if timely pay its subcontractors, files a petition in bankruptcy or similar proceeding has been filed by action, or against the State finds other evidence of the Contractor’s financial instability.

Appears in 1 contract

Samples: State of Ohio

Termination for Financial Instability. The State may terminate this contract by written notice Agreement if the Contractor fails to Contractor if timely pay its subcontractors, files a petition in bankruptcy or similar proceeding has been filed by action, or against the State finds other evidence of the Contractor’s financial instability.

Appears in 1 contract

Samples: Addendum to Agreement

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Termination for Financial Instability. The State Department may terminate this contract Contract by written notice to the Contractor if a petition in bankruptcy or similar proceeding has been filed by or against the Contractor.

Appears in 1 contract

Samples: Contract for Personal Services

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