Common use of Termination of the Arrangement Clause in Contracts

Termination of the Arrangement. 1. This Agreement may be terminated by mutual agreement or by one Party providing the other a written notice of termination of not less than sixty (60) calendar days. Upon receipt by one Party of the other Party’s written notice of termination, the Parties will take all reasonable and necessary measures to conclude the implementation of the Programmes and complete their activities in an orderly manner. 2. Notwithstanding termination of all or part of this Agreement, UNICEF shall continue to hold and apply unutilized funds to permit an orderly conclusion of the Programmes, including the completion of final reports, the withdrawal of personnel, equipment and property, the settlement of accounts between the Parties, and the settlement of contractual commitments and liabilities incurred in the implementation of all or the part of the Programmes, including in respect of any implementing partners, contractors, subcontractors, consultants and suppliers.

Appears in 1 contract

Sources: Arrangement

Termination of the Arrangement. 1. This Agreement Arrangement may be terminated by mutual agreement or by one Party providing the other a written notice of termination of not less than sixty (60) calendar days. Upon receipt by one Party of the other Party’s written notice of termination, the Parties will take all reasonable and necessary measures to conclude the implementation of the Programmes Project and complete their activities in an orderly manner. 2. Notwithstanding termination of all or part of this AgreementArrangement, UNICEF shall will continue to hold and apply unutilized funds to permit an orderly conclusion of the ProgrammesProject, including the completion of final reports, the withdrawal of personnel, equipment and property, the settlement of accounts between the Parties, and the settlement of contractual commitments and liabilities incurred in the implementation of all or the part of the ProgrammesProject, including in respect of any implementing partners, contractors, subcontractors, consultants and suppliers.

Appears in 1 contract

Sources: Partnership Agreement