TERMINATION, SUSPENSION OR ASSIGNMENT OF THE SUBCONTRACT. 7.1 Refer to Owner Agreement for Termination, Suspension or Assignment of the Subcontract by the Owner.
TERMINATION, SUSPENSION OR ASSIGNMENT OF THE SUBCONTRACT. § 7.1 Termination by the Contractor (Paragraph Deleted)
TERMINATION, SUSPENSION OR ASSIGNMENT OF THE SUBCONTRACT. 3.1 Termination by Eye 4 Group LLC If the Subcontractor persistently or repeatedly fails or neglects to carry out the Work in accordance with the Subcontract Documents or otherwise to perform in accordance with this Subcontract and fails within five (5) business days after the receipt of written notice to commence and continue correction of such default or neglect with diligence and promptness, Eye 4 Group LLC may, without prejudice to any other remedy, terminate the Subcontract and finish the Subcontractor’s Work by whatever method Eye 4 Group LLC may deem expedient. If the unpaid balance of the Subcontractor Sum exceeds the expense of finishing the Subcontractor’s Work and other damages incurred by Eye 4 Group LLC, Eye 4 Group LLC is not obligated to pay such excess to the Subcontractor. If such expense and damages exceed such unpaid balance, the Subcontractor shall pay the difference to Eye 4 Group LLC. If the Owner or client terminates the Contract with Eye 4 Group LLC for any reason, Eye 4 Group LLC shall deliver written notice of termination to the Subcontractor. Upon receipt of written notice of termination, the Subcontractor shall:
TERMINATION, SUSPENSION OR ASSIGNMENT OF THE SUBCONTRACT. § 7.1 Termination by the Subcontractor The Subcontractor may terminate the Subcontract for the same reasons and under the same circumstances and procedures with respect to the Contractor as the Contractor may terminate with respect to the Owner under the Prime Contract, or for nonpayment of amounts due under this Subcontract for 60 days or longer. In the event of such termination by the Subcontractor for any reason which is not the fault of the Subcontractor, the Subcontractor’s Sub-subcontractors, or their agents or employees or other persons or entities performing portions of the Work under contract with the Subcontractor, the Subcontractor shall be entitled to recover from the Contractor payment for Work executed and for proven loss with respect to materials, equipment, tools, and construction equipment and machinery, as well as reasonable overhead and profit on work executed and costs incurred by reason of such termination. Receipt of payment from Owner to Contractor shall be a condition precedent to the right of Subcontractor to payment for hall e Su iod ess, y h termination unless the termination is due solely to the fault of Contractor. But in no event s entitled to unexpended overhead, or unearned profit, or any other monetary damages.
TERMINATION, SUSPENSION OR ASSIGNMENT OF THE SUBCONTRACT
