Common use of Termination Caused by Change in Applicable Law Clause in Contracts

Termination Caused by Change in Applicable Law. Following issuance of this Contract, if there is a change in Applicable Law that the University Board, in its sole discretion, determines impairs its rights and obligations under the Contract or requires the University Board to make changes in the Contract that are not in the best interest of the University Board or the University, then the University Board may terminate the Contract at the end of the Academy’s school fiscal year in which the University Board’s decision to terminate is adopted. For purposes of this section, a change in Applicable Law includes without limitation the following: (i) the issuance of an order by the State School Reform/Redesign Officer, pursuant to Section 1280c of the Code, placing the Academy under the supervision of the State School Reform/Redesign Officer or appointing a Chief Executive Officer to take control of the Academy site(s); (ii) the development of, or changes to, a redesign plan by the Academy pursuant to Section 1280c of the Code; or (iii) the imposition of a school improvement plan by the State School Reform/Redesign Officer following the rescission of the State’s Automatic Closure Notice, as defined in Section 10.7.