The provisions of Sec. 7(b) below shall apply if any of the following events occurs (each, an “Event of Default”): Vendor becomes insolvent, or insolvency, receivership or bankruptcy proceedings are c

Description

ommenced by or against Vendor; Vendor violates laws or ordinances applying to the Agreement or disregards instructions of LCG; Vendor allows any lien or privilege to be placed upon any property of LCG or places such lien or privilege itself; Vendor fails, neglects, refuses or is unable to provide ample supervision, labor, materials or equipment to perform the services or provide goods called for at a rate and in a manner reasonably deemed sufficient by LCG; or Vendor defaults in its performance