Common use of TERMINATION OF THE FRAMEWORK AGREEMENT Clause in Contracts

TERMINATION OF THE FRAMEWORK AGREEMENT. 16.1 KPLC, without prejudice to any remedy for breach of the Framework Agreement, may terminate this Framework Agreement immediately, by notice In Writing to the Supplier, if: (a) in the judgement of KPLC, the Supplier has engaged in Fraud and Corruption, or (b) during the Term of the Framework Agreement, the Supplier ceases to be qualified or eligible as per FWAGP 4. or (c) the Supplier purports to assign, or otherwise transfer or dispose of this Framework Agreement, in whole, or in part, without the prior written consent of KPLC, or (d) the Supplier becomes bankrupt or otherwise insolvent. 16.2 KPLC may terminate this Framework Agreement, in whole or in part, by noticeIn Writing sent to the Supplier, at any time, for its convenience. Thenotice of termination shall specify that the termination is for KPLC’sconvenience, the extent to which the performance of the supplierunder the Framework Agreement is terminated, and the date uponwhich such termination becomes effective.