Examples of Termination for Default in a sentence

Surviving terms include, but are not limited to: Billing Limitations; Confidentiality, Disputes; Indemnification and Hold Harmless, Inspection, Maintenance of Records, Notice of Overpayment, Ownership of Material, Termination for Default, Termination Procedure, and Treatment of Property.
If Seller terminates for default, the rights, duties and obligations of the parties shall be determined in accordance with the terms of the FAR Termination for Default clause, FAR 52.249-8, with the term “LSC Industries” substituted for the terms “Government” and “Contracting Officer”, and the term “Seller” substituted for the term “Contractor” in that clause.
See Paragraph 8 - Termination for Default in the Contract, a draft of which is attached hereto and made apart hereof by reference.
In addition to the rights of Termination for Convenience of HACSB and Termination for Default set forth in the Contract Documents, HACSB may terminate this Agreement if Contractor should file a bankruptcy petition and/or be adjudged a bankrupt, or if Contractor should make a general assignment for the benefit of creditors, or if a receiver should be appointed on account of insolvency (as referenced in HUD Form 5370-C section 1 page 1).

More Definitions of Termination for Default

Termination for Default means the exercise of the Gov- ernment’s right to completely or partially terminate a con- tract because of the contractor’s actual or anticipated failure to perform its contractual obligations.

Termination for Default shall have the meaning specified in Section 9.A.

Termination for Default. Xxxxxx County reserves the right to enforce the performance of this contract in any manner prescribed by law or deemed to be in the best interest of the County in the event of breach or default of this contract. Non-Performance of the bidder shall be a basis for termination of the contract by the County. The County shall not pay for any commodities/services that are unsatisfactory. Vendors will be given a reasonable opportunity before termination to correct the deficiencies. This, however, shall in no way be construed as negating the basis for termination for non-performance. FORCE XXXXXX: Neither party shall be responsible for delays caused by “Acts of God,” non-county governmental processes, national emergency or any other causes beyond their reasonable control. Upon the discovery of such an event, the affected party shall notify the other and arrange a meeting to propose a program for a solution to the problem and if necessary, to establish an estimated period of time of suspension or extension of the work.

Termination for Default. If Sub-recipient fails to fulfill his/her obligations under this Agreement properly and on time, or otherwise violates any provision of the Agreement, the County, acting by and through CCFN may terminate the agreement by written notice to Sub-recipient. The notice shall specify the acts of omission relied on as cause for termination. The County, acting by and through the CCFN, shall pay Sub-recipient fair and equitable compensation for satisfactory performance prior to the receipt of notice of termination, less the amount of damages caused by Sub-recipient’s breach. If the damages are more than the compensation payable to Sub-recipient, Sub-recipient will remain liable after termination and the County shall pursue collection of damages by any available legal means. (See Attachments VI, VIa, VIb.)

Termination for Default shall have the meaning specified in Section 9.A. Execution Copy *** Certain confidential portions of this exhibit were omitted by means of redacting a portion of the text. Copies of the exhibit containing the redacted portions have been filed separately with the Securities and Exchange Commission subject to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act.

Termination for Default means the exercise of the Government’s right to completely or partially terminate a contract because of the contractor’s actual or anticipated failure to perform its contractual obligations.