Common use of Default Prior to Completion of Construction Clause in Contracts

Default Prior to Completion of Construction. In the event of the failure of the LESSEE by and through its CONTRACTOR to complete construction of the RAIL IMPROVEMENTS as set forth in the contract between LESSEE and CONTRACTOR, and subject to the dispute resolution terms set forth in Section 24, the limitation of remedies terms set forth in Section 18.2, the notice and cure provision of Section 17, and any other relevant provisions herein, CALTRANS may look to the LESSEE and performance bond surety to remove the RAIL IMPROVEMENTS.