Default, Disruption and Termination Clause Samples
Default, Disruption and Termination. H1 Termination on Change of Control and Insolvency H2 Termination on Default H3 Break H4 Consequences of Termination H5 Disruption H6 Recovery upon Termination H7 Force Majeure
Default, Disruption and Termination. H1 Termination on Insolvency and Change of Control
H1.1 The Authority may terminate the Contract with immediate effect by notice in writing where the Contractor is a company and in respect of the Contractor:
a) a proposal is made for a voluntary arrangement within Part I of the Insolvency ▇▇▇ ▇▇▇▇ or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; or
b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); or
c) a petition is presented for its winding up (which is not dismissed within fourteen (14) days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency ▇▇▇ ▇▇▇▇; or
d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; or
e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; or
f) it is or becomes insolvent within the meaning of section 123 of the Insolvency ▇▇▇ ▇▇▇▇; or
g) being a "small company" within the meaning of section 382(3) of the Companies ▇▇▇ ▇▇▇▇, a moratorium comes into force pursuant to Schedule A1 of the Insolvency ▇▇▇ ▇▇▇▇.
h) any event similar to those listed in H1.1 (a)-(g) occurs under the law of any other jurisdiction.
H1.2 The Authority may terminate the Contract with immediate effect by notice in writing where the Contractor is an individual and:
a) an application for an interim order is made pursuant to Sections 252-253 of the Insolvency ▇▇▇ ▇▇▇▇ or a proposal is made for any composition scheme or arrangement with, or assignment for the benefit of, the Contractor’s creditors; or
b) a petition is presented and not dismissed within fourteen (14) days or order made for the Contractor’s bankruptcy; or
c) a receiver, or similar officer is appointed over the whole or any part of the Contractor’s assets or a person becomes entitled to appoint a receiver, or similar officer over the whole or any part of his assets; or
d) the Contractor is unable to pay his debts or has no reasonable prospect of doing so, in either case within the meaning of section 268 of the Insolv...
Default, Disruption and Termination. Termination on Change of Control and Insolvency Termination for Convenience Material Breach Consequences of Expiry or Termination Survival Recovery upon Termination Force Majeure
Default, Disruption and Termination. H1 Termination on Insolvency and Change of Control
Default, Disruption and Termination. H1 Termination on Insolvency and Change of Control
a) a proposal is made for a voluntary arrangement within Part I of the Insolvency ▇▇▇ ▇▇▇▇ or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors;
b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation);
c) a petition is presented for its winding up (which is not dismissed within fourteen (14) days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency ▇▇▇ ▇▇▇▇;
d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets;
e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given;
f) it is or becomes insolvent within the meaning of section 123 of the Insolvency ▇▇▇ ▇▇▇▇; g) being a "small company" within the meaning of section 382(3) of the Companies ▇▇▇ ▇▇▇▇, a moratorium comes into force pursuant to Schedule A1 of the Insolvency ▇▇▇ ▇▇▇▇; or
Default, Disruption and Termination. Termination on change of control and insolvency
Default, Disruption and Termination. H1 Termination on Insolvency and Change of Control 33 H2 Termination on Default 35 H3 Break 36 H4 Consequences of Expiry or Termination 36 H5 Disruption 38 H6 Recovery upon Termination 38
Default, Disruption and Termination. Termination on Change of Control and Insolvency Termination on Default Termination for Convenience Consequences of Expiry or Termination Disruption Recovery upon Termination Force Majeure
Default, Disruption and Termination. 36 Termination on Change of Control and Insolvency 37 Termination on Default 38 Termination for Convenience 39 Consequences of Expiry or Termination 40 Disruption 41 Recovery upon ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ 43 Governing Law 44 Dispute Resolution Schedule A Services Schedule B Goods Schedule C Prisons Schedule D Transfer of Undertakings Schedule E Information Security Schedule F Intellectual Property Rights Schedule G H Specification Schedule H Pricing and Payment Schedule I Commercially Sensitive Information Schedule J Monitoring Schedule K Training and Apprenticeships Schedule L Confidential Contract Information Exceptions
Default, Disruption and Termination. 36 Termination on Change of Control and Insolvency 37 Termination on Default 38 Termination for Convenience 39 Consequences of Expiry or Termination 40 Disruption 41 Recovery upon Termination 42 Force Majeure 43 Governing Law 44 Dispute Resolution 45 Monitoring with the Cabinet Office 46 Agreement for Contingency ESF Contract Areas 47 Co-operation 48 Transition to another Contractor Schedule A Services Schedule B Goods Schedule C Prisons Schedule D TUPE and Employees Schedule E Information Security Schedule F Intellectual Property Rights Schedule G Specification Schedule H Pricing and Payment Schedule I Commercially Sensitive Information Schedule J Monitoring and Management Information Schedule K Training and Apprenticeships Schedule L Confidential Contract Information Exceptions Schedule M European Social Fund Publicity and Audit Requirements Schedule N European Social Fund Schedule O Change Protocol Schedule P Market Stewardship Principles Schedule Q Industry Standard Partnering Agreement Schedule R Performance Management Schedule S Pensions - LGPS Eligible Employees