Common use of Subcontractor Default Clause in Contracts

Subcontractor Default. If the Subcontractor: 1) partially or entirely suspends the Works (other than pursuant to Honeywell’s direction under this Subcontract); 2) fails to take out or maintain insurance, or to provide evidence of insurance, as required by this Subcontract; 3) fails to proceed with the Works in a competent or diligent manner and with due expedition and without delay; 4) substantially departs from the current Honeywell Works Schedule or the current Subcontractor Works Schedule; 5) fails to comply with a direction of Honeywell or ▇▇▇▇▇▇▇▇▇’s Representative; 6) fails to provide security as required under this Subcontract; or 7) otherwise commits a substantial breach of this Subcontract, 8) subcontracts the Works or any part thereof or any right under this Subcontract without the prior written approval of Honeywell. Honeywell will be entitled to send a written notice to the Subcontractor specifying the default and requiring the Subcontractor to rectify the default within a time period nominated in the notice (and if no period is stated then within five (5) days following the date that the Subcontractor receives the notice).