Common use of Default by Contractor Clause in Contracts

Default by Contractor. Contractor will be in default under this Contract if: Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under the Contract and Contractor has not obtained such license or certificate within 14 calendar days after Agency’s notice or such longer period as Agency may specify in such notice; or Contractor commits any material breach or default of any covenant, warranty, obligation, certification, or agreement under this Contract, fails to perform the Services under this Contract within the time specified herein or any extension thereof, or so fails to pursue the Services as to endanger Contractor's performance under this Contract in accordance with its terms, and such breach, default or failure is not cured within 14 calendar days after Agency's notice, or such longer period as Agency may specify in such notice; or Contractor has liquidated and delinquent debt owed to the State of Oregon or any department or agency of the State.

Default by Contractor. 13.1.1 Contractor will be in default under this Contract if: Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under the Contract and Contractor has not obtained such license or certificate within 14 calendar days Calendar Days after Agency’s notice or such longer period as Agency may specify in such notice; or Contractor commits any material breach or default of any covenant, warranty, obligation, certification, or agreement under this Contract, fails to provide the Goods or perform the Services under this Contract within the time specified herein or any extension thereof, or so fails to pursue the Services as to endanger Contractor's performance under this Contract in accordance with its terms, and such breach, default or failure is not cured within 14 calendar days Calendar Days after Agency's notice, or such longer period as Agency may specify in such notice; or Contractor has liquidated and delinquent debt owed to the State of Oregon or any department or agency of the State.

Default by Contractor. Contractor will be in default under this Contract Price Agreement if: Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under the Contract Price Agreement and Contractor has not obtained such license or certificate within 14 calendar days after Agency’s notice or such longer period as Agency may specify in such notice; or Contractor commits any material breach or default of any covenant, warranty, obligation, certification, or agreement under this ContractPrice Agreement, fails to perform the Services under this Contract Price Agreement within the time specified herein or any extension thereof, or so fails to pursue the Services as to endanger Contractor's performance under this Contract Price Agreement in accordance with its terms, and such breach, default or failure is not cured within 14 calendar days after Agency's notice, or such longer period as Agency may specify in such notice; or Contractor has liquidated and delinquent debt owed to the State of Oregon or any department or agency of the State.

Default by Contractor. Contractor will be in default under this Contract if: Contractor institutes or has instituted against it insolvency, receivership or bankruptcy proceedings, makes an assignment for the benefit of creditors, or ceases doing business on a regular basis; or Contractor no longer holds a license or certificate that is required for Contractor to perform its obligations under the Contract and Contractor has not obtained such license or certificate within 14 calendar days after AgencyOPRD’s notice or such longer period as Agency OPRD may specify in such notice; or Contractor commits any material breach or default of any covenant, warranty, obligation, certification, or agreement under this Contract, fails to perform the Services under this Contract within the time specified herein or any extension thereof, or so fails to pursue the Services as to endanger Contractor's performance under this Contract in accordance with its terms, and such breach, default or failure is not cured within 14 calendar days after AgencyOPRD's notice, or such longer period as Agency OPRD may specify in such notice; or Contractor has liquidated and delinquent debt owed to the State of Oregon or any department or agency of the State.