Common use of Paragraph 16 Clause in Contracts

Paragraph 16. (a) The words "seven (7)" appearing in Paragraph 16(c) (i) are changed to "ten (10) business." (b) The following is added as a new First sentence to Paragraph 16(c)(i): "Builder shall give Owner and the Secretary notice of any default by Owner under this Paragraph 16(c)(i)." (c) The following is added as a new sub-paragraph (e) to Paragraph 16:

Paragraph 16. (a) The words "seven (7)" appearing in Paragraph 16(c) (i) are changed to "ten (10) business." (b) The following is added as a new First first sentence to Paragraph 16(c)(i): "Builder shall give Owner and the Secretary notice of any default by Owner under this Paragraph 16(c)(i)." (c) The following is added as a new sub-paragraph (e) to Paragraph 16: