REVOCATION OF THE CHARTER Sample Clauses

The Revocation of the Charter clause outlines the conditions and procedures under which a charter agreement can be terminated or withdrawn before its scheduled end. Typically, this clause specifies the events or breaches that may trigger revocation, such as failure to comply with key obligations, insolvency, or illegal activities, and details the notice requirements and process for effecting revocation. Its core practical function is to provide a clear mechanism for ending the charter relationship in response to serious issues, thereby protecting the interests of the parties and ensuring accountability.
REVOCATION OF THE CHARTER. The District may revoke the Charter if Charter School commits a breach of any provision set forth in a policy related to charter schools adopted by the District Board of Education and/or any provisions set forth in the Charter Schools Act of 1992. The District may revoke the charter of Charter School if the District finds, through a showing of substantial evidence, that Charter School did any of the following:  Charter School committed a material violation of any of the conditions, standards, or procedures set forth in the Charter.  Charter School failed to meet or pursue any of the pupil outcomes identified in the Charter.  Charter School failed to meet generally accepted accounting principles, or engaged in fiscal mismanagement.  Charter School violated any provision of law. Prior to revocation, and in accordance with Education Code section 47607(d) and state regulations, the LAUSD Board of Education will notify Charter School in writing of the specific violation, and give Charter School a reasonable opportunity to cure the violation, unless the LAUSD Board of Education determines, in writing, that the violation constitutes a severe and imminent threat to the health or safety of the pupils. Revocation proceedings are not subject to the dispute resolution clause set forth in this Charter.
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Related to REVOCATION OF THE CHARTER

  • Authorization of the Notes The Notes to be purchased by the Underwriters from the Company are in the form contemplated by the Indenture, have been duly authorized for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will have been duly executed by the Company and, when authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles, and will be entitled to the benefits of the Indenture.

  • Variation of the contract The parties undertake not to vary or modify the Clauses. This does not preclude the parties from adding clauses on business related issues where required as long as they do not contradict the Clause.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Duration of the contract framework agreement or dynamic purchasing system II.2.10) Information about variants II.2.11) Information about options