Termination on Authority Default Clause Samples

The 'Termination on Authority Default' clause allows one party to end the agreement if a regulatory authority fails to fulfill its obligations or defaults in a way that affects the contract. In practice, this clause typically applies when a government agency or regulatory body does not issue required approvals, withdraws necessary licenses, or otherwise fails to perform actions essential for the contract’s execution. Its core function is to protect parties from being bound to an agreement that cannot be performed due to failures or defaults by relevant authorities, thereby allocating risk and providing a clear exit mechanism in such situations.
Termination on Authority Default. If an Authority Default occurs and the Contractor wishes to terminate this Contract, the Contractor must serve a Termination Notice on the Authority within thirty (30) Business Days after becoming aware of the Authority Default. The Termination Notice must specify the type of Authority Default which has occurred entitling the Contractor to terminate. This Contract will terminate on the Day falling thirty (30) Business Days after the date the Authority receives the Termination Notice, unless the Authority rectifies the Authority Default within thirty (30) Business Days after receipt of the Termination Notice.
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Termination on Authority Default. If an Authority Default has occurred and the Contractor wishes to terminate this Agreement, the Contractor must serve a termination notice (the Contractor Termination Notice) on the Authority within thirty (30) Business Days of becoming aware of the Authority Default. The Contractor Termination Notice must specify the type of Authority Default which has occurred entitling the Contractor to terminate. This Agreement will terminate on the day falling thirty (30) Business Days after the date the Authority receives the Contractor Termination Notice, unless the Authority rectifies the Authority Default within twenty (20) Business Days of receipt of the Contractor Termination Notice. Termination on Contractor Default Subject to clause 41.4 (Rectification), the Authority shall be entitled to terminate this Agreement by notice in writing to the Contractor if a Contractor Default has occurred. On termination the Authority may require the Contractor to transfer all of its rights, title and interest in and to the Assets to the Authority.
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Termination on Authority Default. 24.2.1 If an Authority Default has occurred and the Operator wishes to terminate this Agreement, the Operator must serve a termination notice (the “Operator Termination Notice”) on the Authority within thirty (30) Business Days of becoming aware of the Authority Default. 24.2.2 The Operator Termination Notice must specify the type of Authority Default which has occurred entitling the Operator to terminate. 24.2.3 This Agreement will terminate on the day falling (at least) thirty (30) Business Days after the date the Authority receives the Operator Termination Notice, unless the Authority rectifies the Authority Default within thirty (30) Days (or such longer period as agreed by the parties) of receipt of the Operator Termination Notice.
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Termination on Authority Default. 29.2.1 If an Authority Default has occurred and the Contractor wishes to terminate this Agreement, the Contractor must serve a termination notice (the “Contractor Termination Notice”) on the Authority within thirty (30) Working Days of becoming aware of the Authority Default. 29.2.2 The Contractor Termination Notice must specify the type of Authority Default which has occurred entitling the Contractor to terminate. 29.2.3 This Agreement will terminate on the day falling thirty (30) Working Days after the date the Authority receives the Contractor Termination Notice, unless the Authority rectifies the Authority Default within thirty (30) Working Days of receipt of the Contractor Termination Notice.
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Termination on Authority Default. The Academy acknowledges that the rights of the Contractor to terminate exists in the event that the Authority defaults under the D&B Contract. If the Contractor threatens such termination the Parties to this Agreement shall consult promptly with a view to taking such action as is appropriate particularly having regard to the rights available to the Authority to remedy any breach that has arisen.
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Termination on Authority Default. 104 44. COMPENSATION ON TERMINATION FOR AUTHORITY DEFAULT/VOLUNTARY TERMINATION ................................................................................................................ 104 45. COMPENSATION ON TERMINATION FOR OPERATOR PARTNER DEFAULT AND CORRUPT GIFTS AND FRAUD ...................................................................................... 105 46. RETENDERING PROCESS 105 47. COMPENSATION ON TERMINATION FOR FORCE MAJEURE 106 48. ASSETS 107 49. MISCELLANEOUS COMPENSATION PROVISIONS 107 50. METHOD OF PAYMENT 108 51. EXIT MANAGEMENT 109 52. SURVEYS ON EXPIRY AND RETENTION FUND 111 53. CONTINUING OBLIGATIONS 113 PART 8 - INTELLECTUAL PROPERTY, DATA AND CONFIDENTIALITY 114 54. INTELLECTUAL PROPERTY 114 55. DATA PROTECTION 116 56. CONFIDENTIALITY 119 57. FREEDOM OF INFORMATION 121 58. PUBLICITY AND BRANDING 123 99120273.1\kp072 PART 9 - GENERAL 124 59. TUPE AND EMPLOYEES 124 60. PENSIONS 131 61. ASSIGNMENT AND SUBCONTRACTING 136 62. CHANGE IN OWNERSHIP 138 63. WAIVER AND CUMULATIVE REMEDIES 139 64. RELATIONSHIP OF THE PARTIES 139 65. SEVERANCE 139 66. FURTHER ASSURANCES 140 67. ENTIRE AGREEMENT 140 68. THIRD PARTY RIGHTS 140 69. NOTICES 140 70. DISPUTE RESOLUTION 141 71. SOLE REMEDY 146 72. NO DOUBLE RECOVERY 147 73. COUNTERPARTS 147 74. CAPACITY 147 75. INTEREST ON LATE PAYMENT 147 76. GOVERNING LAW AND JURISDICTION 147 SCHEDULE 1 - SERVICES SPECIFICATION 148 SCHEDULE 2 - SERVICE DELIVERY PROPOSALS 149 SCHEDULE 3 - FACILITIES 150 SCHEDULE 4 - SITE PLANS 151 SCHEDULE 5 - PPM 152 SCHEDULE 6 - COLLATERAL WARRANTIES 153 PART 1 - WARRANTY FROM THE OPERATOR PARTNER'S FM CONTRACTOR 153 APPENDIX 1 - FORM OF DEED OF NOVATION 162 PART 2 - WARRANTY FROM THE OPERATOR PARTNER'S LEISURE OPERATOR 166 APPENDIX 1 - FORM OF DEED OF NOVATION 175 SCHEDULE 7 - REVIEW PROCEDURE 179 SCHEDULE 8 - PROHIBITED MATERIALS 184 SCHEDULE 9 – NOT USED 185 SCHEDULE 10 - WARRANTED DATA 186 PART 1 - OPERATOR PARTNER WARRANTED DATA 186 99120273.1\kp073 PART 2 - PROPOSED WORKFORCE INFORMATION 187 SCHEDULE 11 - PROJECT DOCUMENTS AND ANCILLARY DOCUMENTS ........................... 188 PART 1 - PROJECT DOCUMENTS ................................................................................ 188 PART 2 - ANCILLARY DOCUMENTS 188 SCHEDULE 12 - TITLE MATTERS 189 PART 1 - TITLE WARRANTIES 189 PART 2 - DISCLOSED TITLE MATTERS 190 PART 3 - REPLIES TO ENQUIRIES 191 PART 4 - DISCLOSED SEARCHES 192 SCHEDULE 13 - INSURANCES
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Related to Termination on Authority Default

  • Notification of Event of Default Borrower shall notify Agent immediately of the occurrence of any Event of Default.

  • Termination on Default The Authority may terminate this Framework Agreement by serving written notice on the Supplier with effect from the date specified in such notice where the Supplier commits a Material Default and if: 26.8.1 the Supplier has not remedied the Material Default to the satisfaction of the Authority within twenty (20) Working Days, or such other period as may be specified by the Authority, after issue of a written notice specifying the Material Default and requesting it to be remedied; or 26.8.2 the Material Default is not, in the reasonable opinion of the Authority, capable of remedy.

  • Termination on Material Default 30.2.1 The Authority may terminate this Framework Agreement for material Default by issuing a Termination Notice to the Supplier where: (a) the Supplier fails to accept a Call Off Agreement pursuant to paragraph 6.2 of Framework Schedule 5 (Call Off Procedure); (b) a Contracting Body terminates a Call Off Agreement for the Supplier’s breach of that Call Off Agreement; (c) an Audit reveals that the Supplier has underpaid an amount equal to or greater than five per cent (5%) of the Management Charge due; (d) the Supplier refuses or fails to comply with its obligations as set out in Framework Schedule 12 (Continuous Improvement and Benchmarking); (e) in the event of two (2) or more failures by the Supplier to meet the specific KPI Targets at Framework Schedule 2 (except in relation to the “Spend under Management”, “On Time Delivery” and “On Quote Delivery” KPIs set out in Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators)), whether the failures relate to the same or different KPI targets, in any rolling period of three (3) Months; (f) the Authority expressly reserves the right to terminate this Framework Agreement for material Default including pursuant to: (i) Clause 16.1.4(c)(ii) (Variation Procedure); (ii) Clause 24.2.10 (Confidentiality); (iii) Clause 37.6.2 (Prevention of Fraud and ▇▇▇▇▇▇▇); (iv) Clause 33.1.2 (Compliance) (v) Clause 38.3 (Conflicts of Interest); (vi) paragraph 6.2 of Framework Schedule 9 (Management Information); and/or (vii) anywhere that is stated in this Framework Agreement that the Supplier by its act or omission will have committed a material Default; (g) the Supplier commits a Default of any of the following Clauses or Framework Schedules: (i) Clause 6 (Representations and Warranties); (ii) Clause 9 (Framework Agreement Performance); (iii) Clause 15 (Records, Audit Access and Open Book Data); (iv) Clause 17 (Management Charge); (v) Clause 18 (Promoting Tax Compliance); (vi) Clause 22 (Supply Chain Rights and Protection); (vii) Clause 24.1 (Provision of Management Information); (viii) Clause 24.4 (Freedom of Information); (ix) Clause 24.5 (Protection of Personal Data); (x) paragraph 1.2 of Part B of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators); and/or (xi) paragraph 2.3 of Part A of Framework Schedule 2 (Goods and/or Services and Key Performance Indicators); and/or (xii) paragraph 4 of Framework Schedule 16 (Financial Distress); and/or (h) the Supplier commits any material Default which is not, in the reasonable opinion of the Authority, capable of remedy; and/or (i) the Supplier commits a Default, including a material Default, which in the opinion of the Authority is remediable but has not remedied such Default to the satisfaction of the Authority within twenty (20) Working Days, or such other period as may be specified by the Authority, after issue of a written notice from the Authority to the Supplier specifying the remediable Default and requesting it to be remedied in accordance with any instructions of the Authority.

  • H2 Termination on Default H2.1 The Authority may terminate the Contract by written notice in accordance with clause A5.2 (Notices) to the Contractor with immediate effect if the Contractor commits a Default and if:

  • Termination by Default If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but any vested rights of the Executive shall not be affected.