Common use of Charter Revocation Clause in Contracts

Charter Revocation. (a) Pursuant to IC § 20-24-3-7, the Indiana Charter Board, at its sole discretion, may revoke the Charter or delay the opening date of the School if the Organizer fails to commence School operations or to have sufficient students in attendance at the School at the time the School is to commence instruction in accordance with the Proposal. (b) Subject to the procedures required by IC § 20-24-9-4, the Indiana Charter Board may either revoke the Charter or require the Organizer to implement a Corrective Plan under Section 9.4, if the Indiana Charter Board determines that: (1) The Organizer fails to comply with the conditions of the Charter, including any Amendments thereto, or the terms of any Corrective Plan; (2) The School fails to meet the educational goals set forth in the Charter; (3) The Organizer fails to comply with applicable federal and state laws; (4) The Organizer fails to meet generally accepted fiscal management and government accounting principles; or (5) One (1) or more grounds for revocation exists as specified in the Charter, including, but not limited to, a failure to meet any of the standards of the Indiana Charter Board’s Accountability System.

Charter Revocation. (a) Pursuant to IC § 20-24-3-7, the Indiana Charter Board, at its sole discretion, may revoke the Charter or delay the opening date Opening Date of the School if the Organizer fails to commence School operations or to have sufficient students in attendance at the School at the time the School is to commence instruction in accordance with the Proposal. (b) Subject to the procedures required by IC § 20-24-9-4, the Indiana Charter Board may either revoke the Charter or require the Organizer to implement a Corrective Plan under Section 9.4, if the Indiana Charter Board determines that: (1) The Organizer fails to comply with the conditions of the Charter, including any Amendments thereto, or the terms of any Corrective Plan; (2) The School fails to meet the educational goals set forth in the Charter; (3) The Organizer fails to comply with applicable federal and state laws; (4) The Organizer fails to meet generally accepted fiscal management and government accounting principles; or (5) One (1) or more grounds for revocation exists as specified in the Charter, including, but not limited to, a failure to meet any of the standards of the Indiana Charter Board’s Accountability System.

Charter Revocation. (a) Pursuant to IC § 20-24-3-7, the Indiana Charter Board, at its sole discretion, may revoke the Charter or delay the opening date of the a School if the Organizer fails to commence School operations or to have sufficient students in attendance at the School at the time the School is to commence instruction in accordance with the Proposal. (b) Subject to the procedures required by IC § 20-24-9-4, the Indiana Charter Board may either revoke the Charter or require the Organizer to implement a Corrective Plan under Section 9.49.4 with respect to a School or Schools, if the Indiana Charter Board determines that: (1) The Organizer fails to comply with the conditions of the Charter, including any Amendments thereto, or the terms of any Corrective Plan; (2) The A School fails to meet the educational goals set forth in the Charter; (3) The Organizer fails to comply with applicable federal and state laws; (4) The Organizer fails to meet generally accepted fiscal management and government accounting principles; or (5) One (1) or more grounds for revocation exists as specified in the Charter, including, but not limited to, a failure to meet any of the standards of the Indiana Charter Board’s Accountability System.