Common use of Failure to Provide Clause in Contracts

Failure to Provide. Bonds In the event the Subcontractor shall fail to promptly provide any required bonds, the Contractor may terminate the Work Order Exhibit “AA” and enter into a subcontract for the balance of the Subcontract Work with another subcontractor. All Contractor costs and expenses incurred by the Contractor as a result of said termination, beyond those Contractor would have incurred in the absence of the termination, shall be paid by the Subcontractor.

Failure to Provide. Bonds In the event the Subcontractor shall fail to promptly provide any required bondsbonds on any Project, the Contractor may terminate the Work Order Exhibit “AA” on that Project and enter into a subcontract for the balance of the Subcontract Work with another subcontractor. All Contractor costs and expenses incurred by the Contractor as a result of said termination, beyond those Contractor would have incurred in the absence of the termination, shall be paid by the Subcontractor.