Common use of Termination of the Contract for Cause Clause in Contracts

Termination of the Contract for Cause. (a) The Owner may terminate this Contract for cause if: (i) the Contractor becomes insolvent, files a petition in bankruptcy, makes a general assignment for the benefit of its creditors, or (ii) a petition in bankruptcy is filed against the Contractor by a third party, and is not dismissed within sixty (60) days of having been filed, or a receiver is appointed for the Contractor; or (iii) the Contractor fails, refuses or is unable to carry out the Work or refuses or fails to supply enough properly skilled workers or proper materials to timely complete the Work in accordance with the Contract Documents; or (iv) the Contractor fails to make payment to Subcontractors for materials or labor in accordance with the requirements of the Contract Documents or the respective agreements between the Contractor and the Subcontractors; or (v) the Contractor disregards applicable laws, ordinances, or rules, regulations or orders of a public jurisdiction; or (vi) the Contractor otherwise breaches a material provision of the Contract Documents. (b) When any of the above reasons exists, the Owner may, without prejudice to any other remedy the Owner may have, terminate the Contract and take possession of the site and of all materials, equipment, tools, and construction equipment and machinery thereon owned by the Contractor and may finish the Work by whatever reasonable method the Owner may deem expedient. (c) When the Owner terminates the contract for one of the reasons stated in Section 10(a), the Contractor shall not be entitled to receive further payment until the Work is finished and shall be liable to Owner for losses and damages resulting from such termination.

Termination of the Contract for Cause. (a) The Owner may terminate this Contract for cause if: : (i) the Contractor becomes insolvent, files a petition in bankruptcy, makes a general assignment for the benefit of its creditors, or or (ii) a petition in bankruptcy is filed against the Contractor by a third party, and is not dismissed within sixty (60) days of having been filed, or a receiver is appointed for the Contractor; or or (iii) the Contractor fails, refuses or is unable to carry out the Work or refuses or fails to supply enough properly skilled workers or proper materials to timely complete the Work in accordance with the Contract Documents; or or (iv) the Contractor fails to make payment to Subcontractors subcontractors for materials or labor in accordance with the requirements of the Contract Documents or the respective agreements between the Contractor and the Subcontractorssubcontractors; or or (v) the Contractor disregards applicable laws, ordinances, or rules, regulations or orders of a public jurisdiction; or or (vi) the Contractor otherwise breaches a material provision of the Contract Documents. (b) When any of the above reasons existsexist, the Owner may, without prejudice to any other remedy the Owner may have, terminate the Contract and take possession of the site and of all materials, equipment, tools, and construction equipment and machinery thereon thereon, owned by the Contractor Contractor, and may finish the Work by whatever reasonable method the Owner may deem expedient. (c) When the Owner terminates the contract for one of the reasons stated in Section 10(a), the Contractor shall not be entitled to receive further payment until the Work is finished and shall be liable to Owner for losses and damages resulting from such termination.