Common use of Owner Events of Default Clause in Contracts

Owner Events of Default. The following shall constitute events of default on the part of Owner ("Owner Event of Default") under this Agreement: 15.2.1. Owner fails to make or cause to be made any undisputed payment with respect to Contractor’s performance of Work at any SGF when due and fails to cure such failure within thirty (30) days after Notice and a written demand are made by Contractor to Owner to cure the same; or 15.2.2. To the extent not covered by Section 15.2.1, Owner fails to comply with any material provision of this Agreement as it relates to any SGF and fails to cure or remedy such default within thirty (30) days after Notice and a written demand are made by Contractor to Owner to cure the same, unless the consequences on Contractor of the default are capable of being fully addressed by a Change Order and Owner and Contractor are mutually and diligently seeking resolution through the Change Order procedures in this Agreement; or 15.2.3. (i) Owner (a) institutes a voluntary case seeking liquidation or reorganization under the Bankruptcy Law, or consents to the institution of an involuntary case thereunder against it,

Appears in 1 contract

Sources: Procurement and Construction Contract

Owner Events of Default. The following shall constitute events of default on the part of Owner ("Owner Event of Default") under this Agreement: 15.2.1. Owner fails to make or cause to be made any undisputed payment with respect to Contractor’s performance of Work at any SGF when due and fails to cure such failure within thirty ten (3010) days Business Days after Notice and a written demand are made by Contractor to Owner to cure the same; or 15.2.2. To the extent not covered by Section 15.2.1, Owner fails to comply with any material provision of this Agreement as it relates to any SGF and fails to cure or remedy such default within thirty (30) days after Notice and a written demand are made by Contractor to Owner to cure the same, unless the consequences on Contractor of the default are capable of being fully addressed by a Change Order and Owner and Contractor are mutually and diligently seeking resolution through the Change Order procedures in this Agreement; or 15.2.3. (i) Owner (a) institutes a voluntary case seeking liquidation or reorganization under the Bankruptcy Law, or consents to the institution of an involuntary case thereunder against it,

Appears in 1 contract

Sources: Procurement and Construction Contract