Common use of Grounds for Revocation Clause in Contracts

Grounds for Revocation. The Charter and this Charter Agreement may be revoked by the Sponsor at any time before the expiration of the term if the Charter Schools Director determines that one (1) of the following has occurred: a. the Organizer fails to fulfill any of its obligations in this Charter Agreement; b. the Organizer violates any of its representations in this Charter Agreement; c. the Organizer fails to comply with any of the terms and conditions set forth in this Charter Agreement; d. the Organizer fails to commence Charter School operations or have students in attendance at the Charter School in accordance with Section 7; e. the Organizer fails to meet the educational goals of the Charter School set forth in the Application, the Performance Framework, or this Charter Agreement; f. the Organizer fails to comply with the U.S. Constitution, the Indiana Constitution, or applicable law; g. the Organizer fails to use the accounting principles required under applicable law; h. the Charter Schools Director has cause to believe the health or safety of students attending the Charter School may be in jeopardy; or i. the Organizer files for bankruptcy or becomes insolvent.

Appears in 4 contracts

Sources: Charter School Agreement, Charter School Agreement, Charter School Agreement