Examples of Cure Period in a sentence
For the avoidance of any doubt, the application of the Cure Period under this Clause 9.1 shall be without prej- udice to and shall not relieve the Contractor from the obligation to pay any contractual penalty in accordance with the provisions of Clause 12.2 at the Principal`s request or to compensate any Damages in accordance with the provisions of Clause 12.3 of this Agreement.
For the sake of clarity, the Corrective Period is not applied in case of material breach under Clause 11.1(b) or Clause 11.1(c), as in these cases the purpose of the Corrective Period is fulfilled by the Cure Period or the term specified in the Ojbection Notice, as the case may be, and their prior application.
In order to be considered, such request for Termination Costs, with all supporting documentation, must be submitted to the County Project Officer within fifteen (15) days after the expiration of the Cure Period.
If the Contractor fails to cure within the Cure Period, or as otherwise specified in the notice, the Contract may be terminated for the Contractor’s failure to provide satisfactory Contract performance.