CONTRACTOR’s Default definition

CONTRACTOR’s Default means any of the following events or circumstances: any arrangement, composition or compromise with or for the benefit of creditors (including any voluntary arrangement as defined in the Insolvency Act, 1936 or the Companies Act, 2008) being entered into by or in relation to the CONTRACTOR; a liquidator, business rescue practitioner or the like taking possession of or being appointed over, or any, winding-up, execution or other process being levied or enforced upon the whole or any material part of the assets of the CONTRACTOR; the CONTRACTOR ceases to carry on business; the CONTRACTOR commits a breach of any of its material obligations under this Agreement; and /or the CONTRACTOR abandons the Works for a period of longer than ten (10) Business Days (other than as a consequence of a breach by the CONTRACTOR of its obligations under this Agreement);

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CONTRACTOR’s Default shall have the meaning set forth in Clause 21.1.1 of the Draft Contract Agreement;

CONTRACTOR’s Default means any of the following events or circumstances: 1.11.1. any arrangement, composition or compromise with or for the benefit of creditors (including any voluntary arrangement as defined in the Insolvency Act, 1936 or the Companies Act, 2008) being entered into by or in relation to the CONTRACTOR; 1.11.2. a liquidator, business rescue practitioner or the like taking possession of or being appointed over, or any, winding-up, execution or other process being levied or enforced upon the whole or any material part of the assets of the CONTRACTOR; 1.11.3. the CONTRACTOR ceases to carry on business; 1.11.4. the CONTRACTOR commits a breach of any of its material obligations under this Agreement; and /or 1.11.5. the CONTRACTOR abandons the Works for a period of longer than ten (10) Business Days (other than as a consequence of a breach by the CONTRACTOR of its obligations under this Agreement);

Examples of CONTRACTOR’s Default in a sentence

• Without limiting the rights and remedies available to the COUNTY under any other provision of this Contract, failure to cure such default within ninety (90) Days of notice by the Los Angeles County Child Support Services Department shall be grounds upon which the Board of Supervisors may terminate this Contract pursuant to Part II, Section 32.0, Termination for CONTRACTOR’s Default, and pursue debarment of the CONTRACTOR, pursuant to County Code Chapter 2.202.

• Any attempt by CONTRACTOR to Subcontract performance of any of the terms of this Contract, in whole or in part, without said consent shall be null and void and shall constitute a breach of the terms of this Contract, upon which Contract may be terminated in accordance with Part II, Section 32.0, Termination for CONTRACTOR’s Default.

• Any attempt by CONTRACTOR to Subcontract performance of any of the terms of this Contract, in whole or in part, without said consent shall be null and void and shall constitute a breach of the terms of this Contract, upon which Contract may be terminated in accordance with Part II, Section 34.0, Termination for CONTRACTOR’s Default.

• In the event any REIT Shares are redeemed or repurchased by the General Partner pursuant to such offer, the Partnership shall redeem or repurchase an equivalent number of the General Partner’s Partnership Units for an equivalent purchase price based on the application of the Conversion Factor.

• The foregoing notwithstanding, an Event of Default dealing with DISTRICT’s failure to timely pay any undisputed sums to CONTRACTOR as provided under Section 1.4, above, shall be cured by DISTRICT within five (5) calendar days from the date of CONTRACTOR’s Default Notice to DISTRICT.

• Without limiting the rights and remedies available to the COUNTY under any other provision of this Contract, failure to cure such default within ninety (90) Days of notice by the Los Angeles County Child Support Services Department shall be grounds upon which the Board of Supervisors may terminate this Contract pursuant to Part II, Section 34.0, Termination for CONTRACTOR’s Default, and pursue debarment of the CONTRACTOR, pursuant to County Code Chapter 2.202.

More Definitions of CONTRACTOR’s Default

CONTRACTOR’s Default means any of the following events or circumstances: 1.13.1. any arrangement, composition or compromise with or for the benefit of creditors (including any voluntary arrangement as defined in the Insolvency Act, 1936 or the Companies Act, 2008) being entered into by or in relation to the Contractor; 1.13.2. a liquidator, business rescue practitioner or the like taking possession of or being appointed over, or any, winding-up, execution or other process being levied or enforced upon the whole or any material part of the assets of the Contractor; 1.13.3. the Contractor ceases to carry on business or the business contemplated in the Contractor’s Bid; 1.13.4. the Contractor commits a breach of any of its material obligations under this Agreement; and /or 1.13.5. the Contractor abandons the Works for a period of longer than ten (10) Business Days; 1.13.6. the Contractor commits Corrupt Activities; 1.13.7. the Contractor becoming a Restricted Enterprise.