Termination for Financial Instability. An Agency may terminate if the Contractor fails to timely pay its subcontractors, files a petition in bankruptcy or similar action, or the Agency finds other evidence of the Contractor’s financial instability.
Appears in 13 contracts
Samples: Addendum to Agreement, State of Ohio, Addendum to Agreement
Termination for Financial Instability. An Agency The State may terminate this Contract if the Contractor fails to timely pay its subcontractors, files a petition in bankruptcy or similar action, or the Agency State finds other evidence of the Contractor’s financial instability.
Appears in 1 contract
Samples: State of Ohio