Common use of Termination by the Funder Clause in Contracts

Termination by the Funder. This Member Agreement terminates if and when the Funder: 27.1 Notifies the Members that:‌ 27.1.1 The Due Diligence was unsatisfactory; 27.1.2 In the Funder's opinion, a suitable Member with strong prospects of success in an Action is not willing to act as Representative; 27.1.3 In the Funder's opinion, there are insufficient Members in the Scheme; 27.1.4 The quantum of Claims is not sufficient for the Funder to commercially justify the likely costs of progressing the Action; or 27.1.5 In the Funder's opinion, it has an irreconcilable and unavoidable conflict of interest in continuing to be party to the Scheme; or 27.2 In its absolute discretion gives the Representative and/or all Members 15 Business Days written notice that Funder will exit the Scheme; or 27.3 In its absolute discretion gives the Member 15 Business Days written notice of termination of this Member Agreement; or 27.4 Expels the Member that is party to this Member Agreement from the Scheme pursuant to rule 26.‌

Termination by the Funder. This Member Agreement terminates if and when the Funder: 27.1 Notifies 28.1 notifies the Members that:‌that: 27.1.1 The Due Diligence was unsatisfactory; 27.1.2 In 28.1.1 in the Funder's opinion, a suitable Member with strong prospects of success in an Action is not willing to act as Representative; 27.1.3 In 28.1.2 in the Funder's opinion, there are insufficient Members in the Scheme; 27.1.4 The 28.1.3 the quantum of Claims is not sufficient for the Funder to commercially justify the likely costs of progressing the Action; or 27.1.5 In 28.1.4 in the Funder's opinion, it has an irreconcilable and unavoidable conflict of interest in continuing to be party to the Scheme; or 27.2 In 28.2 in its absolute discretion gives the Representative and/or all Members 15 Business Days written notice that Funder will exit the Scheme; or 27.3 In 28.3 in its absolute discretion gives the Member all Members 15 Business Days written notice of termination of this Member Agreement; or 27.4 Expels 28.4 expels the Member that is party to this Member Agreement from the Scheme pursuant to rule 26.‌27.

Termination by the Funder. This Member Agreement terminates if and when the Funder: 27.1 Notifies the Members that:‌Member that: 27.1.1 The Due Diligence was unsatisfactory; 27.1.2 In the Funder's opinion, a suitable Member with strong prospects of success in an Action is not willing to act as Representative; 27.1.3 In the Funder's opinion, there are insufficient Members in the Scheme; 27.1.4 The quantum of Claims is not sufficient for the Funder to commercially justify the likely costs of progressing the Action; or 27.1.5 In the Funder's opinion, it has an irreconcilable and unavoidable conflict of interest in continuing to be party to the Scheme; or 27.2 In its absolute discretion gives the Representative and/or all Members 15 Business Days written notice that the Funder will exit the Scheme; or 27.3 In its absolute discretion gives the Member 15 Business Days written notice of termination of this Member Agreement; or 27.4 Expels the Member that is party to this Member Agreement from the Scheme pursuant to rule 26.‌26.