Common use of Erroneous Termination for Default Clause in Contracts

Erroneous Termination for Default. If, after notice of termination of Advisor’s right to proceed under the provisions of this clause, it is determined for any reason that the Contract was not in default under the provisions of this clause, or that the delay was excusable under the provisions of Paragraph (D) (Excuse for Nonperformance or Delayed Performance) of this clause, the rights and obligations of the parties shall, if the contract contains a clause providing for termination for convenience for the State, be the same as if the notice of termination had been issued pursuant to a termination for convenience.

Appears in 2 contracts

Samples: Financial Advisory Services Contract, Financial Advisory Services Contract

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Erroneous Termination for Default. If, after notice of termination of AdvisorContractor’s right to proceed under the provisions of this clause, it is determined for any reason that the Contract was not in default under the provisions of this clause, or that the delay was excusable under the provisions of Paragraph (D) (Excuse for Nonperformance or Delayed Performance) of this clause, the rights and obligations of the parties shall, if the contract contains a clause providing for termination for convenience for the State, be the same as if the notice of termination had been issued pursuant to a termination for convenience.

Appears in 2 contracts

Samples: X Services Contract, srm.magic.ms.gov

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