Contractor Default definition

Contractor Default means the Contractor’s inability to perform their contractual obligations within the timescales detailed in the Contract.

Contractor Default means any one or more of the following:

Contractor Default shall have the meaning set forth in Clause 23.1;

Examples of Contractor Default in a sentence

• Any proceeding, legal or equitable, under this Bond may be instituted in any court of competent jurisdiction in the location in which the work or part of the work is located and shall be instituted within two years after Contractor Default or within two years after the Contractor ceased working or within two years after the Surety refuses or fails to perform its obligations under this Bond, whichever occurs first.

• Any proceeding, legal or equitable, under this Bond may be instituted in any court of competent jurisdiction in the location in which the work or part of the work is located and shall be instituted within two years after a declaration of Contractor Default or within two years after the Contractor ceased working or within two years after the Surety refuses or fails to perform its obligations under this Bond, whichever occurs first.

• Contractor Default: Failure of Contractor, which has neither been remedied nor waived, to perform or otherwise to comply with the terms of the Contract.

• Any proceeding, legal or equitable, under this Bond may be instituted in any court of competent jurisdiction in the location in which the Work or part of the Work is located and shall be instituted within two years after Contractor Default or within two years after Contractor ceased working or within two years after Surety refuses or fails to perform its obligations under this Bond, whichever occurs first.

• Any proceeding, legal or equitable, under this Bond may be instituted in any court of competent jurisdiction in the location in which the Work or part of the Work is located, and shall be instituted within two years after Contractor Default or within two years after Contractor ceased working or within two years after Surety refuses or fails to perform its obligations under this Bond, whichever occurs first.

More Definitions of Contractor Default

Contractor Default has the meaning set forth in Section 12.1.

Contractor Default shall have the meaning set forth in Section 15.1.1.

Contractor Default means one of the following events:

Contractor Default shall have the meaning as set forth in Clause 21.1;

Contractor Default means any of the events of default set out in Clause 12.2 (Contractor Default);

Contractor Default means one of the following events: a court makes an order that the Contractor be wound up or a resolution for a voluntary winding-up of the Contractor is passed; any receiver or manager in respect of the Contractor is appointed or possession is taken by or on behalf of any creditor of any property of the Contractor that is the subject of a charge; any voluntary arrangement is made for a composition of debts or a scheme of arrangement is approved under the Insolvency Act 1986 or the Companies Act 2006 in respect of the Contractor; an administration order is made or an administrator is appointed in respect of the Contractor; a failure by the Contractor to implement a Performance Improvement Plan in accordance with clause ‎24.1.3, or the occurrence of a Service Failure or Negative Outcomes Assessment which the Parties agree, or it is determined pursuant to clause ‎24.1.4, cannot be remedied through a Performance Improvement Plan; a breach by the Contractor of its obligation to take out and maintain the Required Insurances; the existence of a conflict of interest on the part of the Contractor which, in the reasonable opinion of the Authority, presents a material reputational risk to the Authority or compromises the Contractor’s ability to perform the Services and which the Contractor fails to address in accordance with clause ‎7 (Conflicts of Interest); a breach by the Contractor of its obligations in clause ‎30 (Assignment and Sub-Contracting); where a consent, licence or approval which is material to the provision of the Services is suspended, cancelled, revoked, terminated or otherwise ceases to be in full force and effect and is not replaced by an equivalent consent, licence or approval within thirty (30) Days of such consent, licence or approval being suspended, cancelled, revoked, terminated or otherwise ceasing to be in full force and effect; a breach by the Contractor of its obligations in clause ‎31 (Change in Ownership);

Contractor Default the following events:-