Common use of Challenges to Transaction Clause in Contracts

Challenges to Transaction. In the event any proceeding is filed that contests, directly or indirectly, the validity of this Agreement, including any of the Contract Documents, whether pursuant to Code of Civil Procedure section 860, et. seq., or any other regulation, statute, ordinance, or law (hereinafter referred to as a "Reverse Validation Action"), the Contractor’s rights and obligations under this Agreement and any of its part may be immediately suspended and/or terminated for convenience, at District or Contractor's option. If either party elects to terminate for convenience, Contractor’s compensation shall be in accordance with the Termination for Convenience provisions in the Contract Documents.

Appears in 6 contracts

Sources: Facilities Lease, Facilities Lease, Facilities Lease