Common use of Additional Defaults Clause in Contracts

Additional Defaults. The following shall also be considered defaults for which the Contract may be terminated. 16.4.1 The CM/GC no longer holds the licenses or certificates required to perform the Work or any portion thereof. 16.4.2 The CM/GC also fails to perform any agreed-upon portion of the Work as to endanger the CM/GC’s performance under the Contract in accordance with its terms, and such breach, default or failure is not cured within 30 days after written notice. 16.4.3 The CM/GC made knowing, reckless, or negligent misrepresentations, concealed facts, or failed to disclose information in the CM/GC’s proposal. Such actions shall constitute fraudulent inducements, and shall entitle the Owner to recover reliance damages, in addition to any other available remedies to which it may show itself entitled.