Common use of Other Grounds for Revocation/Termination or Nonrenewal Clause in Contracts

Other Grounds for Revocation/Termination or Nonrenewal. In addition to the grounds for revocation/termination and nonrenewal set forth in Section 10.1, The Guild may revoke/terminate or not renew this Contract, upon a determination that one or more of the following has occurred: a. The School is unable to pay its bills as they become due, is insolvent, or is bankrupt; b. The School has insufficient enrollment or demonstrated financial resources to successfully operate a charter school, or the School has lost more than fifty percent (50%) of its student enrollment from the previous school year; c. The School defaults in any of the terms, conditions, promises or representations contained in or incorporated into this Contract; d. The School amends its Articles of Incorporation and/or Bylaws at any time without first obtaining The Guild’s written approval; e. The Guild discovers negligent, fraudulent or criminal conduct by any of the School’s applicant(s), directors, officers, employees or agents in relation to the School’s performance under this Contract; f. The School’s applicant(s), directors, officers or employees have provided false or misleading information or documentation to the Minnesota Department of Education or The Guild in connection with The Guild’s issuance of this Contract, its Application, or the School’s reporting requirements under this Contract or Applicable Law; or g. Other good cause shown.

Other Grounds for Revocation/Termination or Nonrenewal. In addition to the grounds for revocation/termination and nonrenewal set forth in Section 10.1, The Guild may revoke/terminate or not renew this Contract, upon a determination that one or more of the following has occurred: a. The School is unable to pay its bills as they become due, is insolvent, or is bankrupt;bankrupt; b. The School has insufficient enrollment or demonstrated financial resources to successfully operate a charter school, or the School has lost more than fifty percent (50%) of its student enrollment from the previous school year;year; c. The School defaults in any of the terms, conditions, promises or representations contained in or incorporated into this Contract;Contract; d. The School amends its Articles of Incorporation and/or Bylaws at any time without first obtaining The Guild’s written approval;approval; e. The Guild discovers negligent, fraudulent or criminal conduct by any of the School’s applicant(s), directors, officers, employees or agents in relation to the School’s performance under this Contract;Contract; f. The School’s applicant(s), directors, officers or employees have provided false or misleading information or documentation to the Minnesota Department of Education or The Guild in connection with The Guild’s issuance of this Contract, its Application, or the School’s reporting requirements under this Contract or Applicable Law; or Law; or g. Other good cause shown.