Common use of Immediate termination by the Administering Authority Clause in Contracts

Immediate termination by the Administering Authority. The Administering Authority may terminate this Agreement with immediate effect by notice in writing to the Admission Body: 7.3.1 where the Admission Body breaches any of its obligations under this Agreement. If the breach is capable of remedy, the Administering Authority shall first give the Admission Body the opportunity of remedying the breach within such reasonable period as the Administering Authority may specify; 7.3.2 on the insolvency, winding up or liquidation of the Admission Body; 7.3.3 where the Admission Body acts (or omits to act) in such a way as to prejudice the status of the Scheme as a Registered Pension Scheme; 7.3.4 where the Admission Body fails to pay any sums due to the Fund within a reasonable period (not less than 10 Business Days) following receipt of a notice from the Administering Authority requiring it to do so; or 7.3.5 if the Admission Body ceases to employ any Eligible Employees who are active Members of the Fund.