Common use of Termination for fault Clause in Contracts

Termination for fault. GBRF may by notice terminate this Agreement immediately if: (a) the Funding Recipient breaches this Agreement and GBRF considers that the breach cannot be rectified; (b) the Funding Recipient does anything which, in the reasonable opinion of GBRF, might negatively impact the image or reputation of GBRF or the Project or is in conflict with the Reef Trust Partnership; or (c) the Funding Recipient breaches this Agreement and does not rectify the breach within 10 Business Days after receiving notice to do so from GBRF; (d) the Funding Recipient comes under one of the forms of external administration referred to in Chapter 5 of the Corporations ▇▇▇ ▇▇▇▇ (Cth); (e) the Funding Recipient is unable pay all its debts as and when they become payable or it fails to comply with a statutory demand within the meaning of sections 459E or 459F of the Corporations ▇▇▇ ▇▇▇▇ (Cth); (f) proceedings are initiated with a view to obtaining an order for winding up the Funding Recipient, or a resolution of the members is passed to wind up the Funding Recipient; (g) there is a change in the Funding Recipient's control (as defined in section 50AA of the Corporations Act), constitution, structure, management or operations that the Funding Recipient reasonably believes is likely to materially adversely affect the Funding Recipient's ability to perform the Project in accordance with this Agreement; (h) the Funding Recipient breaches a Law relating to the performance of a Project; (i) the Funding Recipient advises that it wishes to withdraw from this Agreement; (j) another clause of this Agreement allows for a termination under this clause 20.2: (each, a Termination Event).

Termination for fault. GBRF may by notice terminate this Agreement immediately if: (a) the Funding Recipient breaches this Agreement and GBRF considers that the breach cannot be rectified; (b) the The Funding Recipient does anything which, in the reasonable opinion of GBRF, might negatively impact the image or reputation of GBRF or the Project or is in conflict with the Reef Trust Partnership; or; (c) the Funding Recipient breaches this Agreement and does not rectify the breach within 10 Business Days after receiving notice to do so from GBRF; (d) the Funding Recipient comes under one of the forms of external administration referred to in Chapter 5 of the Corporations ▇▇▇ ▇▇▇▇ Act 2001 (Cth); (e) the Funding Recipient is unable pay all its debts as and when they become payable or it fails to comply with a statutory demand within the meaning of sections 459E or 459F of the Corporations ▇▇▇ ▇▇▇▇ Act 2001 (Cth); (f) proceedings are initiated with a view to obtaining an order for winding up the Funding Recipient, or a resolution of the members is passed to wind up the Funding Recipient; (g) there is a change in the Funding Recipient's control (as defined in section 50AA of the Corporations Act), constitution, structure, management or operations that the Funding Recipient reasonably believes is likely to materially adversely affect the Funding Recipient's ability to perform the Project in accordance with this Agreement; (h) the Funding Recipient breaches a Law relating to the performance of a Project; (i) the Funding Recipient advises that it wishes to withdraw from this Agreement;; or (j) another clause of this Agreement allows for a termination under this clause 20.2: 18.2, (each, a Termination Event).

Termination for fault. GBRF may by notice terminate this Agreement immediately if: (a) the Funding Recipient breaches this Agreement and GBRF considers that the breach cannot be rectified; (b) the Funding Recipient does anything which, in the reasonable opinion of GBRF, might negatively impact the image or reputation of GBRF or the Project or is in conflict with the Reef Trust Partnership; or (c) the Funding Recipient breaches this Agreement and does not rectify the breach within 10 Business Days after receiving notice to do so from GBRF; (d) the Funding Recipient comes under one of the forms of external administration referred to in Chapter 5 of the Corporations ▇▇▇ ▇▇▇▇ (Cth); (e) the Funding Recipient is unable pay all its debts as and when they become payable or it fails to comply with a statutory demand within the meaning of sections 459E or 459F of the Corporations ▇▇▇ ▇▇▇▇ (Cth); (f) proceedings are initiated with a view to obtaining an order for winding up the Funding Recipient, or a resolution of the members is passed to wind up the Funding Recipient; (g) there is a change in the Funding Recipient's control (as defined in section 50AA of the Corporations Act), constitution, structure, management or operations that the Funding Recipient reasonably believes is likely to materially adversely affect the Funding Recipient's ability to perform the Project in accordance with this Agreement; (h) the Funding Recipient breaches a Law relating to the performance of a Project; (i) the Funding Recipient advises that it wishes to withdraw from this Agreement; (j) another clause of this Agreement allows for a termination under this clause 20.221.2: (each, a Termination Event).