Termination for Financial Instability. An Agency may terminate if the Contractor fails to timely pay its subcontractors, files a petition in bankruptcy or similar action, or the Agency finds other evidence of the Contractor’s financial instability.
Appears in 12 contracts
Samples: State of Ohio, Addendum to Agreement, State of Ohio
Termination for Financial Instability. An Agency The State may terminate this Contract if the Contractor fails to timely pay its subcontractors, files a petition in bankruptcy or similar action, or the Agency State finds other evidence of the Contractor’s financial instability.
Appears in 1 contract
Samples: State of Ohio
