Contractor Default definition

Contractor Default shall have the meaning set forth in Clause 23.1;

Contractor Default means any one or more of the following:

Contractor Default means the Contractor’s inability to perform their contractual obligations within the timescales detailed in the Contract.

Examples of Contractor Default in a sentence

• Upon occurrence of a Contractor Default, the Authority shall be entitled, without prejudice to its other rights and remedies under this Agreement including its rights of Termination hereunder, to (i) suspend carrying out of the Works or Maintenance or any part thereof, and (ii) carry out such Works or Maintenance itself or authorise any other person to exercise or perform the same on its behalf during such suspension (the “Suspension”).

• Without prejudice to the provisions of Clause 19.2.7, in the event of Termination for Contractor Default, the Advance Payment shall be deemed to carry interest at the rate of 10% (ten per cent) per annum from the date of Advance Payment to the date of recovery by encashment of the Bank Guarantee for the Advance Payment.

More Definitions of Contractor Default

Contractor Default has the meaning provided in Section 7.1.

Contractor Default means one of the following events:

Contractor Default shall have the meaning set forth in Clause 23.1; “Cure Period” means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall: (a) commence from the date on which a notice is delivered by one Party to the other Party asking the latter to cure the breach or default specified in such notice; (b) not relieve any Party from liability to pay Damages or compensation under the provisions of this Agreement;and (c) not in any way be extended by any period of Suspension under this Agreement; provided that if the cure of any breach default by the Contractor requires any reasonable action by the Contractor that must be approved by the Authority or the Authority’s Engineer hereunder, the applicable Cure Period shall be extended by the period taken by the Authority or the Authority’s Engineer to accord theirapproval; “Damages” shall have the meaning set forth in paragraph (w) of Clause 1.2; “Defect” means any defect or deficiency in Construction of the Works or any part thereof, which does not conform with the Specifications and Standards, and in the case of Maintenance, means any Defect or deficiency which is specified inSchedule-E; “Defects Liability Period” shall have the meaning set forth in Clause 17.1; Contract AgreementPage 20 of 153 “Widening / Improvement to 4 (Four) Lane with Paved Shoulder configuration of existing single lane road from Kachukhana Harichara Paglagaunj to Dhubri - Phulbari Bridge approach (Package-II) of Srirampur - Dhubri Section of NH-127B from existing Km 28.050 to Km 55.060 (Design Km 27.650 to Km 54.154), (Design Length=26.504 Km) on EPC Mode in the State of Assam under JICA - ODA loan assistance.” Mar 2022

Contractor Default means any of the events of default set out in Clause 12.2 (Contractor Default);

Contractor Default any of the following:

Contractor Default as defined in clause 1.1 of the Project Agreement;

Contractor Default means a failure of the Contractor to comply with the requirements of this Agreement.