{"component": "clause", "props": {"groups": [{"snippet": "In case of default of the Contractor, the State may procure the materials or supplies from other sources and hold the Contractor responsible for any excess cost occasioned thereby, provided, that if public necessity requires the use of materials or supplies not conforming to the specifications they may be accepted and payment therefore shall be made at a proper reduction in price.", "samples": [{"hash": "lNB61Pu8uTW", "uri": "/contracts/lNB61Pu8uTW#default", "label": "Master Agreement", "score": 35.1740875244, "published": true}, {"hash": "jPKuW8QGMZ8", "uri": "/contracts/jPKuW8QGMZ8#default", "label": "Master Agreement", "score": 35.1740875244, "published": true}, {"hash": "h93bwfRG2DQ", "uri": "/contracts/h93bwfRG2DQ#default", "label": "Master Agreement", "score": 35.1740875244, "published": true}], "size": 593, "snippet_links": [{"key": "default-of-the-contractor", "type": "clause", "offset": [11, 36]}, {"key": "the-state", "type": "clause", "offset": [38, 47]}, {"key": "the-materials", "type": "definition", "offset": [60, 73]}, {"key": "other-sources", "type": "clause", "offset": [91, 104]}, {"key": "responsible-for", "type": "clause", "offset": [129, 144]}, {"key": "excess-cost", "type": "definition", "offset": [149, 160]}, {"key": "public-necessity", "type": "definition", "offset": [199, 215]}, {"key": "use-of-materials", "type": "clause", "offset": [229, 245]}, {"key": "the-specifications", "type": "clause", "offset": [276, 294]}, {"key": "reduction-in-price", "type": "clause", "offset": [364, 382]}], "hash": "3296a0eaca42e35c0df69a0e0ffa7119", "id": 4}, {"snippet": "GAC may, by written notice of default to the Contractor, terminate the whole or any part of the Agreement, in any one of the following circumstances:", "samples": [{"hash": "3MNOS11Pswq", "uri": "/contracts/3MNOS11Pswq#default", "label": "Contract No. Ec07 20", "score": 33.6247406006, "published": true}, {"hash": "4DIV4OO574p", "uri": "/contracts/4DIV4OO574p#default", "label": "Goods and Services Agreement", "score": 32.6360359192, "published": true}, {"hash": "kQ8bnpQOxdT", "uri": "/contracts/kQ8bnpQOxdT#default", "label": "Cooperative Agreement", "score": 31.2031841278, "published": true}], "size": 847, "snippet_links": [{"key": "written-notice-of-default", "type": "clause", "offset": [12, 37]}, {"key": "to-the-contractor", "type": "clause", "offset": [38, 55]}, {"key": "part-of-the-agreement", "type": "clause", "offset": [84, 105]}], "hash": "1a89907c9938361d3a3a4e9f80a5b2eb", "id": 1}, {"snippet": "If one or more Underwriters shall fail at the Time of Purchase or an Option Securities Settlement Date to purchase the Securities which it or they are obligated to purchase under this Agreement (the \u201cDefaulted Securities\u201d), then the Representative shall have the right, within 24 hours thereafter, to make arrangements for one of or more of the non-defaulting Underwriters or any other underwriters to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth; provided, however, that if such arrangements shall not have been completed within such 24-hour period, then:\n(i) if the number of Defaulted Securities does not exceed 10% of the number of Securities to be so purchased by all of the Underwriters on such date, the non-defaulting Underwriters shall be obligated, severally and not jointly, to purchase the full amount thereof in the proportions that their respective initial purchase obligation bears to the purchase obligations of all non-defaulting Underwriters; or\n(ii) if the number of Defaulted Securities exceeds 10% of the number of Securities to be so purchased by all of the Underwriters on such date, this Agreement or, with respect to any Option Securities Settlement Date, the obligation of the Underwriters to purchase, and the Company to sell, the Option Securities to be purchased and sold on such Option Securities Settlement Date shall terminate without liability on the part of any non-defaulting Underwriter. No action taken pursuant to this Section 7 shall relieve any defaulting Underwriter from liability in respect of its default. In the event of any such default which does not result in a termination of this Agreement, or, in the case of an Option Securities Settlement Date, which does not result in a termination of the obligation of the Underwriters to purchase and the Company to sell the relevant Option Securities, as the case may be, either the Representative or the Company shall have the right to postpone the Time of Purchase or the relevant Option Securities Settlement Date, as the case may be, for a period not exceeding seven (7) days in order to effect any required changes in the Registration Statement, the Disclosure Package or the Prospectus or in any other documents or arrangements. As used herein, the term \u201cUnderwriter\u201d includes any person substituted for an Underwriter under this Section 7.", "samples": [{"hash": "js9I8zzX5gv", "uri": "/contracts/js9I8zzX5gv#default", "label": "Underwriting Agreement (Spree Acquisition Corp. 1 LTD)", "score": 32.8959617615, "published": true}, {"hash": "fZ5HFu505ju", "uri": "/contracts/fZ5HFu505ju#default", "label": "Underwriting Agreement (Blue Ocean Acquisition Corp)", "score": 30.8822727203, "published": true}, {"hash": "ibVd6NBf01N", "uri": "/contracts/ibVd6NBf01N#default", "label": "Underwriting Agreement (NewHold Investment Corp. 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This paragraph is not intended to affect or impair any rights of the Lender with respect to any Secured Obligations that may now or hereafter be payable on demand.\n(c) Upon the occurrence of any Event of Default, the Lender\u2019s rights with respect to the Collateral shall be those of a secured party under the UCC and any other applicable law in effect from time to time. The Lender shall also have any additional rights granted herein and in any other agreement now or hereafter in effect between the Borrower and the Lender. If requested by the Lender after the occurrence of an Event of Default, the Borrower will assemble the Collateral and make it available to the Lender at a place to be designated by the Lender.\n(d) Upon the occurrence of any Event of Default, the Lender shall be entitled to exercise any and all rights with respect to the Collateral and to sell all or any part of the Collateral at public or private sale in accordance with the UCC, without advertisement, in such manner and order as the Lender may elect subject to complying with the UCC. The Lender may purchase the Collateral for its own account at any such sale. The Lender shall give the Borrower such notice of any public or private sale as may be required by the UCC, provided that to the extent notice of any such sale is required by the UCC, the Borrower agrees that at least ten days\u2019 notice to the Borrower of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification and provided further that, if the Lender fails to comply with this sentence in any respect, its liability for such failure shall be limited to the liability (if any) imposed on it as a matter of law under the UCC. The Borrower acknowledges that Collateral may be sold at a loss to the Borrower, and that, in such event, the Lender shall have no liability or responsibility to the Borrower for such loss. The Borrower further acknowledges that a private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such circumstances, agrees that no such private sale shall, to the extent permitted by applicable law, be deemed not to be \u201ccommercially reasonable\u201d solely as a result of such prices and other sale terms. Upon any such sale, the Lender shall have the right to deliver, assign and transfer to the buyer thereof the Collateral so sold. Each buyer at any such sale shall hold the Collateral so sold absolutely and free from any claim or right of whatsoever kind, including any equity or right of redemption of the Borrower that may be waived or any other right or claim of the Borrower, and the Borrower, to the extent permitted by law, hereby specifically waives all rights of redemption, stay or appraisal that the Borrower has or may have under any law now existing or hereafter adopted. Without limiting any other rights and remedies available to the Lender, the Borrower expressly acknowledges and agrees that with respect to Collateral consisting of notes, bonds or other securities which are not sold on a recognized market, the Lender shall be deemed to have conducted a commercially reasonable sale of such Collateral if (a) such sale is conducted by any nationally recognized broker-dealer (including any affiliate of the Lender), investment banker or any other method common in the securities industry, and (b) if the purchaser is the Lender or any affiliate of the Lender, the sale price received by the Lender or any such affiliate in connection with such sale is reasonably supported by quotations received from one or more other nationally recognized broker-dealers, investment bankers or other financial institutions.\n(e) The Borrower shall pay all costs and expenses incurred by the Lender in enforcing this Agreement, realizing upon any Collateral and collecting any Secured Obligations (including attorneys\u2019 fees) whether suit is brought or not and whether incurred in connection with collection, trial, arbitration, appeal or otherwise and, to the extent of the Borrower\u2019s liability for repayment of any of the Secured Obligations, shall be liable for any deficiencies in the event the Proceeds of disposition of the Collateral do not satisfy the Secured Obligations in full. Nothing contained herein shall be deemed to require the Lender to proceed against the Collateral or any part thereof before or as a condition to the pursuit of any of its other rights and remedies with respect to the Secured Obligations.", "samples": [{"hash": "93tbrUn1lzb", "uri": "/contracts/93tbrUn1lzb#default", "label": "Consolidated Security Agreement (Starco Brands, Inc.)", "score": 34.6071166992, "published": true}, {"hash": "1ZCSZkwU9Ax", "uri": "/contracts/1ZCSZkwU9Ax#default", "label": "Security Agreement (Starco Brands, Inc.)", "score": 34.1827507019, "published": true}, {"hash": "dGRDJJNQjsh", "uri": "/contracts/dGRDJJNQjsh#default", "label": "Security Agreement (Starco Brands, Inc.)", "score": 34.0102653503, "published": true}], "size": 484, "snippet_links": [{"key": "by-the-borrower", "type": "clause", "offset": [88, 103]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [128, 160]}, {"key": "the-note", "type": "clause", "offset": [162, 170]}, 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"sale-terms", "type": "definition", "offset": [3589, 3599]}, {"key": "right-to", "type": "definition", "offset": [3647, 3655]}, {"key": "to-the-buyer", "type": "clause", "offset": [3685, 3697]}, {"key": "right-of-redemption", "type": "clause", "offset": [3880, 3899]}, {"key": "to-the-extent-permitted-by-law", "type": "clause", "offset": [3998, 4028]}, {"key": "rights-of-redemption", "type": "clause", "offset": [4061, 4081]}, {"key": "without-limiting", "type": "definition", "offset": [4184, 4200]}, {"key": "remedies-available", "type": "clause", "offset": [4222, 4240]}, {"key": "with-respect-to-collateral", "type": "clause", "offset": [4308, 4334]}, {"key": "other-securities", "type": "definition", "offset": [4365, 4381]}, {"key": "sale-of", "type": "clause", "offset": [4496, 4503]}, {"key": "nationally-recognized", "type": "definition", "offset": [4557, 4578]}, {"key": "affiliate-of", "type": "definition", "offset": [4608, 4620]}, {"key": "other-method", "type": "clause", "offset": 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"require-the", "type": "clause", "offset": [5633, 5644]}, {"key": "with-respect-to-the-secured-obligations", "type": "clause", "offset": [5786, 5825]}], "hash": "2fc36805b817a66f27abb6005d21d2cc", "id": 5}, {"snippet": "Notwithstanding any provision to the contrary, Enterprise Services may suspend Contractor, including any subcontractor, upon notice of a failure to participate and cooperate with any state agency investigation into alleged discrimination prohibited by this Contract, pursuant to RCW 49.60.530(3). Any such suspension will remain in place until Enterprise Services receives notification that Contractor, including any subcontractor, is cooperating with the investigating state agency. In the event Contractor, or subcontractor, is determined to have engaged in discrimination identified at RCW 49.60.530(3), Enterprise Services may terminate this Contract in whole or in part, and Contractor, subcontractor, or both, may be referred for debarment as provided in RCW 39.26.200. Contractor or subcontractor may be given a reasonable time in which to cure this noncompliance, including implementing conditions consistent with any court-ordered injunctive relief or settlement agreement.", "samples": [{"hash": "8TsMzqBsnKQ", "uri": "/contracts/8TsMzqBsnKQ#default", "label": "Contract", "score": 35.9238319397, "published": true}, {"hash": "AoKgfVCs0z", "uri": "/contracts/AoKgfVCs0z#default", "label": "Statewide Contract", "score": 35.7261161804, "published": true}, {"hash": "gLJet2n2Lwe", "uri": "/contracts/gLJet2n2Lwe#default", "label": "Cooperative Purchasing Master Contract", "score": 35.5206947327, "published": true}], "size": 474, "snippet_links": [{"key": "notwithstanding-any-provision", "type": "clause", "offset": [0, 29]}, {"key": "enterprise-services", "type": "clause", "offset": [47, 66]}, {"key": "notice-of-a", "type": "clause", "offset": [125, 136]}, {"key": "failure-to-participate", "type": "clause", "offset": [137, 159]}, {"key": "cooperate-with", "type": "clause", "offset": [164, 178]}, {"key": "agency-investigation", "type": "definition", "offset": [189, 209]}, {"key": "discrimination-prohibited", "type": "clause", "offset": [223, 248]}, {"key": "this-contract", "type": "clause", "offset": [252, 265]}, {"key": "pursuant-to", "type": "clause", "offset": [267, 278]}, {"key": "in-place", "type": "definition", "offset": [329, 337]}, {"key": "event-contractor", "type": "definition", "offset": [491, 507]}, {"key": "engaged-in", "type": "definition", "offset": [549, 559]}, {"key": "contractor-or-subcontractor", "type": "clause", "offset": [776, 803]}, {"key": "reasonable-time", "type": "clause", "offset": [819, 834]}, {"key": "consistent-with", "type": "clause", "offset": [906, 921]}, {"key": "injunctive-relief", "type": "definition", "offset": [940, 957]}, {"key": "settlement-agreement", "type": "definition", "offset": [961, 981]}], "hash": "0f5aba46040fb8a00b5809573c10b2c8", "id": 6}, {"snippet": "Section 7.01", "samples": [{"hash": "l2NNeWLZPV0", "uri": "/contracts/l2NNeWLZPV0#default", "label": "Pooling and Servicing Agreement (GSAMP Trust 2006-S3)", "score": 21.0, "published": true}, {"hash": "fqxSwsZ4Aqc", "uri": "/contracts/fqxSwsZ4Aqc#default", "label": "Pooling and Servicing Agreement (Ab Mortgage Securities Corp)", "score": 21.0, "published": true}, {"hash": "cmlw6rpkZwT", "uri": "/contracts/cmlw6rpkZwT#default", "label": "Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2005-2)", "score": 21.0, "published": true}], "size": 719, "snippet_links": [], "hash": "47ae0161323c4acdc209e753073663fb", "id": 3}, {"snippet": "Any of the following events shall constitute cause for Enterprise Services to declare Contractor in default of this Contract:\n(a) Contractor fails to perform or comply with any of the terms or conditions of this Contract;\n(b) Contractor fails to timely report contract sales;\n(c) Contractor fails to timely pay the vendor management fees when due; or\n(d) Contractor breaches any representation or warranty provided herein.", "samples": [{"hash": "14Q45ELODxU", "uri": "/contracts/14Q45ELODxU#default", "label": "It Development Services Contract", "score": 35.2627906799, "published": true}, {"hash": "frL3PAmbw5i", "uri": "/contracts/frL3PAmbw5i#default", "label": "Washington Statewide Contract", "score": 35.097442627, "published": true}, {"hash": "3huqXdLPx4i", "uri": "/contracts/3huqXdLPx4i#default", "label": "It Project Management Services", "score": 34.9914512634, "published": true}], "size": 385, "snippet_links": [{"key": "enterprise-services", "type": "clause", "offset": [55, 74]}, {"key": "in-default", "type": "clause", "offset": [97, 107]}, {"key": "this-contract", "type": "clause", "offset": [111, 124]}, {"key": "comply-with", "type": "definition", "offset": [161, 172]}, {"key": "the-terms", "type": "definition", "offset": [180, 189]}, {"key": "conditions-of-this", "type": "clause", "offset": [193, 211]}, {"key": "timely-report", "type": "clause", "offset": [246, 259]}, {"key": "contract-sales", "type": "definition", "offset": [260, 274]}, {"key": "management-fees", "type": "clause", "offset": [322, 337]}, {"key": "representation-or-warranty", "type": "clause", "offset": [379, 405]}], "hash": "6c0397f7a12aa2cdb44572c10f75551c", "id": 10}, {"snippet": "Each of the following shall constitute an Event of Default under this Agreement: Payment Default. 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Events of Default shall be:\n(i) Tenant's failure to pay when due any regularly scheduled payment of Rent, or any other sum of money payable hereunder (whether as additional Rent or otherwise) and such failure is not cured within five (5) days (or such earlier period as set forth in this Paragraph 21(a));\n(ii) Tenant's failure to pay when due any other payment of Rent, or any other sum of money payable hereunder (whether as additional Rent or otherwise) and such failure is not cured within five (5) days after receipt of Notice thereof from Landlord;\n(iii) Tenant's failure to perform any other of the terms, covenants or conditions contained in this Lease if not remedied within thirty (30) days after receipt of Notice thereof, or, if such default cannot reasonably be remedied within such period, Tenant does not within thirty (30) days after Notice thereof commence such act or acts as shall be necessary to remedy the default and shall not thereafter diligently complete such act or acts within a reasonable time, provided, however, in no event shall such cure period extend beyond one hundred eighty (180) days after Notice thereof;\n(iv) if Tenant or its Parent becomes bankrupt or insolvent, or files any debtor proceedings, or files pursuant to any statute a petition in bankruptcy or insolvency or for reorganization, or files a petition for the appointment of a receiver or trustee for all or substantially all of its assets, and such petition or appointment or if any of the foregoing are filed against Tenant or its Parent, shall not have been set aside within ninety (90) days from the date of such petition or appointment, or if Tenant or its Parent makes an assignment for the benefit of creditors or shall admit in writing its inability to pay its debts generally as they become due, or if Tenant's interest in this Lease is attached, seized or made subject to any other judicial seizure and such seizure or attachment is not discharged within ninety (90) days;\n(v) if Tenant's fails to provide insurance coverage (or allows such coverage to be canceled or lapse) pursuant to its obligation hereunder;\n(vi) if Tenant or its Parent is liquidated or dissolved, or begins proceedings toward such liquidation or dissolution, or, in any manner, permits the sale or divestiture of substantially all of its assets;\n(vii) if a Change of Control occurs or the estate or interest of Tenant in the Leased Property or any material part thereof is voluntarily or involuntarily transferred, assigned, conveyed, levied upon or attached in any proceeding in violation of the terms of this Lease, unless Tenant is contesting such lien or attachment in good faith in accordance with Paragraph 26 hereof;\n(viii) if there has been a final unappealable determination by any Government Agency of the revocation or limitation of any license, permit, certification or approval required for the lawful operation of the Facility in accordance with its Intended Use or the loss or limitation of any license, permit, certification or approval under any other circumstances under which Tenant or is required to cease its operation of the Facility in accordance with its Intended Use at the time of such loss or limitation and such event or failure has a material adverse affect on the use or operation of the Leased Property;\n(ix) if Tenant voluntarily ceases operation of the Leased Property for its Intended Use, except as a result of Casualty or partial or complete Condemnation;\n(x) if Tenant fails to pay for money borrowed or for the deferred purchase price of any material property or services (excluding trade accounts payable in the ordinary course of business on customary trade terms) or any guaranty relating thereto which, in the aggregate, exceeds Two Hundred Fifty Thousand Dollars ($250,000), and the same be declared to be or become due and payable prior to the stated maturity thereof and all applicable notices with respect thereto have been given and all applicable grace or cure periods with respect thereto shall have lapsed; or\n(xi) if any Person acquires more than 9.8% of the outstanding ownership interests in Tenant, which would, in Landlord's sole but reasonable determination, adversely affect the status or treatment of Landlord or its Parent as a real estate investment trust under the applicable provisions of the Code. Notwithstanding the foregoing, if any applicable Facility Mortgage provides for a shorter cure or grace period, or does not require notice to be given to trigger an event of default thereunder for the same obligation as described above and provided such obligation is a concurrent obligation of Tenant hereunder, then the provisions for notice (or lack thereof) and cure under such Facility Mortgage shall supercede the notice and cure provisions set forth above, it being acknowledged and agreed that all such payments and obligations of Tenant hereunder shall be made and performed within such time periods so as to comply with the terms of the Facility Mortgage.", "samples": [{"hash": "io3herkwZCV", "uri": "/contracts/io3herkwZCV#default", "label": "Property Lease Agreement (Brookdale Senior Living Inc.)", "score": 18.0, "published": true}, {"hash": "ht1ljAbWrzd", "uri": "/contracts/ht1ljAbWrzd#default", "label": "Property Lease Agreement (Brookdale Senior Living Inc.)", "score": 18.0, 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["general-provisions", "General Provisions"], ["default", "Default"], ["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"]], "size": 93369, "id": "default", "related": [["\u2587\u2587\u2587\u2587\u2587\u2587-of-default", "\u2587\u2587\u2587\u2587\u2587\u2587 of Default", "\u2587\u2587\u2587\u2587\u2587\u2587 of <strong>Default</strong>"], ["event-of-default", "Event of Default", "Event of <strong>Default</strong>"], ["no-event-of-default", "No Event of Default", "No Event of <strong>Default</strong>"], ["default-breach", "Default; Breach", "<strong>Default</strong>; Breach"], ["default-or-event-of-default", "Default or Event of Default", "<strong>Default</strong> or Event of <strong>Default</strong>"]], "related_snippets": [], "updated": "2026-11-08T04:23:09+00:00", "also_ask": ["What are the most effective triggers to include in a default clause to protect my client\u2019s interests?", "How can the default clause be negotiated to allow for cure periods or mitigate harsh remedies?", "What are the most common drafting mistakes that could render a default clause unenforceable?", "How does this default clause compare to industry standards or statutory defaults in similar agreements?", "What factors do courts consider when determining if a default has occurred and if remedies are proportionate?"], "drafting_tip": "Specify default events precisely to avoid ambiguity; outline remedies and notice requirements to ensure enforceability and fairness.", "explanation": "The DEFAULT clause defines the consequences and procedures that apply if one party fails to fulfill its obligations under the agreement. Typically, this clause outlines what constitutes a default, such as missed payments or failure to perform required duties, and describes the steps the non-defaulting party may take, like providing notice, granting a cure period, or pursuing remedies such as termination or damages. Its core function is to allocate risk and provide a clear process for addressing breaches, thereby protecting the interests of both parties and ensuring predictability in the event of non-performance."}, "json": true, "cursor": ""}}