Common use of Where the Owner is in Default of Payment of Costs Clause in Contracts

Where the Owner is in Default of Payment of Costs. Where the Owner is in default of payment of any such costs and no securities provided in relation to this Agreement are available or are insufficient to cover such costs, the Owner shall pay to the Municipality any additional funds, the amount of which shall be in the Municipality’s sole discretion, within ten (10) calendar days or this shall become a default under this Agreement and the Owner agrees that any such costs will be deemed to be taxes to which the provisions of the Municipal Act, as may be amended from time to time, apply.