Release of Contract Request Clause Samples

Release of Contract Request. Because it is impractical or extremely difficult to fix the actual cost to incur at the time of the release request, the parties hereto agree that the amount presumed to be the cost of replacement shall be fixed as follows: Time of Request Cost of Replacement From May 15th though June 30th 8% of signed contract amount From July 1 to termination of the contract 12% of signed contract amount Nothing stated herein shall be construed as meaning that the Board must release the teacher. Payments would need to be received within 5 business days of board approval. The Board may waive the fee if the teacher’s resignation is due to ill health, military service, or a hardship case.
View SourceView Similar (3)

Related to Release of Contract Request

  • Payment Request The Contractor shall ensure a payment request includes documentation appropriate to the type of payment request in accordance with the payment clause, contract financing clause, or Federal Acquisition Regulation 52.216-7, Allowable Cost and Payment, as applicable.

  • NOTICE OF CONTRACT ACTION Grantee shall notify their assigned contract manager if ▇▇▇▇▇▇▇ has had any contract suspended or terminated for cause by any local, state or federal department or agency or nonprofit entity within five days of becoming aware of the action and include the following: a. Reason for such action; b. Name and contact information of the local, state or federal department or agency or entity; ▇. ▇▇▇▇ of the contract; d. Date of suspension or termination; and e. Contract or case reference number.

  • Funding Request The Borrower hereby requests the Funding pursuant to Section 2.1 and Section 2.3 of the Loan Agreement.

  • Determination to Honor Drawing Request In determining whether to honor any request for drawing under any Letter of Credit by the beneficiary thereof, Agent shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth.

  • Advance Request To obtain a Term Loan Advance, Borrower shall complete, sign and deliver an Advance Request (at least one (1) Business Day before the Closing Date and at least five (5) Business Days before each Advance Date other than the Closing Date) to Agent. The Lenders shall fund the Term Loan Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan Advance is satisfied as of the requested Advance Date.