Common use of Termination by the Project Promoter Clause in Contracts

Termination by the Project Promoter. In duly justified cases, the Project Promoter may give up awarded project grant and terminate the Contract at any time by sending a 30 day notice in writing specifying the reasons for termination, without the obligation to pay any damages on this account. Contract termination without stating reasons for it or for reasons not approved by the Programme Operator shall be deemed unjustified and shall result in the consequences set out in subparagraph 9.

Termination by the Project Promoter. In duly justified cases, the Project Promoter may give up awarded project grant withdraw its application for a co-financing and terminate the Contract Agreement at any time by sending a giving 30 day days' written notice in writing specifying stating the reasons for terminationreasons, without the obligation being required to pay furnish any damages indemnity on this account. Contract termination without stating If no reasons for it are given or for reasons not approved by if the Programme Operator does not accept the reasons, the Project Promoter shall be deemed unjustified and shall result in to have terminated this Agreement improperly, with the consequences set out in subparagraph 9Article II.9.4.3.