Cancellation or reduction for convenience Sample Clauses
The 'Cancellation or reduction for convenience' clause allows one party to terminate or reduce the scope of a contract without needing to prove a breach or fault by the other party. Typically, this clause outlines the process for providing notice and may specify any compensation or costs owed to the other party as a result of the cancellation or reduction. Its core practical function is to provide flexibility, enabling a party to adapt to changing circumstances or business needs without being locked into the original contract terms.
Cancellation or reduction for convenience. 20.1 The Commonwealth may cancel or reduce the scope of this Agreement by notice, due to:
(a) a change in government policy; or
(b) a Change in the Control of the Grantee which the Commonwealth reasonably believes will negatively affect the Grantee’s ability to comply with this Agreement.
20.2 On receipt of a notice of reduction or cancellation under this clause, the Grantee agrees to:
(a) stop or reduce the performance of the Grantee's obligations as specified in the notice; and
(b) take all available steps to minimise loss resulting from that reduction or cancellation; and
(c) continue performing any part of the Activity or the Agreement not affected by the notice if requested to do so by the Commonwealth;
(d) report on, and return any part of the Grant to the Commonwealth, or otherwise deal with the Grant, as directed by the Commonwealth.
20.3 In the event of reduction or cancellation under this clause, the Commonwealth will be liable only to:
(a) pay any part of the Grant due and owing to the Grantee under this Agreement at the date of the notice; and
(b) reimburse any reasonable and substantiated expenses the Grantee unavoidably incurs that relate directly and entirely to the reduction in scope or cancellation of the Agreement.
20.4 In the event of reduction, the amount of the Grant will be reduced in proportion to the reduction in the scope of the Agreement.
20.5 The Commonwealth’s liability to pay any amount under this clause is:
(a) subject to the Grantee's compliance with this Agreement; and
(b) limited to an amount that when added to all other amounts already paid under the Agreement will not exceed the total amount of the Grant.
20.6 The Grantee will not be entitled to compensation for loss of prospective profits or benefits that would have been conferred on the Grantee but for the cancellation or reduction in scope of the Agreement under clause 20.1.
20.7 The Commonwealth will act reasonably in exercising its rights under this clause.
Cancellation or reduction for convenience. 20.1 The Commonwealth may cancel or reduce the scope of this Agreement by notice, due to:
(a) a change in government policy; or
(b) a Change in the Control of the Grantee which the Commonwealth reasonably believes will negatively affect the Grantee’s ability to comply with this Agreement.
20.2 On receipt of a notice of reduction or cancellation under this clause, the Grantee agrees to: (a) stop or reduce the performance of the Grantee's obligations as specified in the notice;
Cancellation or reduction for convenience. The Commonwealth may cancel or reduce the scope of this Agreement by notice, due to:
Cancellation or reduction for convenience. 36.1 The Commonwealth may cancel or reduce the scope of this Agreement by notice, due to:
(a) a change in government policy;
(b) a change in Your circumstances which the Commonwealth reasonably believes will negatively affect Your ability to comply with this Agreement.
36.2 On receipt of a notice of reduction or cancellation under this clause, You agree to:
(a) stop or reduce the performance of Your obligations as specified in the notice
(b) take all available steps to minimise loss resulting from that reduction or cancellation
(c) continue performing any part of the Activity or this Agreement not affected by the notice if requested to do so by the Commonwealth
(d) report on, and return any part of, the Grant to the Commonwealth, or otherwise deal with the Grant, as directed by the Commonwealth.
Cancellation or reduction for convenience. 19.1 CSIRO may cancel or reduce the scope of this Agreement by notice, due to:
(a) a change in government policy; or
(b) a Change in the Control of the Grantee, which CSIRO believes will negatively affect the ▇▇▇▇▇▇▇’s ability to comply with this Agreement; or
(c) the Head Grant Agreement is terminated for any reason.
19.2 The Grantee agrees on receipt of a notice of cancellation under clause 19.1 to:
(a) stop or reduce the performance of the Grantee's obligations as specified in the notice; and
(b) take all available steps to minimise loss resulting from that reduction or cancellation;
(c) continue performing any part of the Activity or the Agreement not affected by the notice if requested to do so by CSIRO; and
(d) report on, and return any part of the Grant to CSIRO, or otherwise deal with the Grant, as directed by ▇▇▇▇▇.
19.3 In the event of reduction or cancellation under clause 19.1, CSIRO will be liable only to:
(a) pay any part of the Grant due and owing to the Grantee under this Agreement at the date of the notice; and
(b) reimburse any reasonable expenses the Grantee unavoidably incurs that relate directly and entirely to the reduction in scope or cancellation of the Agreement.
19.4 In the event of reduction, the amount of the Grant will be reduced in proportion to the reduction in the scope of the Agreement.
19.5 CSIRO’s liability to pay any amount under this clause is:
(a) subject to the Grantee's compliance with this Agreement; and
(b) limited to an amount that when added to all other amounts already paid under the Agreement will not exceed the total amount of the Grant.