Common use of Termination for Financial Instability Clause in Contracts

Termination for Financial Instability. The State may terminate this contract by written notice to Contractor if a petition in bankruptcy or similar proceeding has been filed by or against the Contractor.

Appears in 23 contracts

Sources: Master Maintenance Agreement, State Term Schedule, State Term Schedule

Termination for Financial Instability. The State may terminate this contract by written notice Contract if the Contractor fails to Contractor if timely pay its subcontractors, files a petition in bankruptcy or similar proceeding has been filed by action, or against the State finds other evidence of the Contractor’s financial instability.

Appears in 1 contract

Sources: Contract

Termination for Financial Instability. The State Department may terminate this contract Contract by written notice to the Contractor if a petition in bankruptcy or similar proceeding has been filed by or against the Contractor.

Appears in 1 contract

Sources: Contract for Personal Services

Termination for Financial Instability. The State may terminate this contract by written notice Agreement if the Contractor fails to Contractor if timely pay its subcontractors, files a petition in bankruptcy or similar proceeding has been filed by action, or against the State finds other evidence of the Contractor’s financial instability.

Appears in 1 contract

Sources: Addendum to Agreement