Common use of Notice of Insolvency Clause in Contracts

Notice of Insolvency. INCAPACITY, OR OUTSTANDING UNPAID OBLIGATIONS Grantee/Contractor shall notify in writing its assigned System Agency contract manager of any insolvency, incapacity, or outstanding unpaid obligations of Grantee/Contractor owed to the Internal Revenue Service or the State of Texas, or any agency or political subdivision of the State of Texas within five business days of the date of Grantee/Contractor’s becoming aware of such.

Appears in 9 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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