Common use of Termination Requirements Clause in Contracts

Termination Requirements. The Project Sponsor and the Agent will comply with the noncompliance and termination provisions in 2 CFR Part 200. In addition to the remedies for non- compliance in 2 CFR §200.339, and in accordance with 2 CFR §§200.339 and 340, the Agent may suspend or terminate this Contract in whole or in part if the Project Sponsor fails to comply with any terms and conditions of this Contract or upon the occurrence of any Event of Default or any other breach of this Contract. The Agent can withhold all funding and disbursements, demand repayment for amounts disbursed, terminate all payments, and/or exercise all rights and remedies available to it under the terms of this Contract, under statutory law, equity or under common law. If the Agent terminates this Contract, the Project Sponsor shall also forfeit to the Agent all unexpended monies awarded under the Contract. The Project Sponsor may also be required to refund all HOPWA funds awarded by the Agent. In accordance with 2 CFR §200.340, the Agent can terminate the Contract with the consent of the Project Sponsor in which case the Project Sponsor and the Agent must agree upon the termination conditions, including the effective date, and in the case of partial termination, the portion to be terminated.‌ In accordance with 2 CFR §200.340(a)(4), the Contract may also be terminated by the Project Sponsor or the Agent with written notification setting forth the reason for such termination, the effective date and, in the case of partial termination, the portion to be terminated. However, if the Agent determines in the case of partial termination that the reduced or modified portion of the award will not accomplish the purposes for which the award was made, the Agent may terminate the award in its entirety.‌ If this award is terminated or partially terminated, the Project Sponsor remains responsible for compliance with the closeout requirements in 2 CFR §200.344 and post-closeout requirements set forth in 2 CFR §200.345. All remedies shall be deemed cumulative and, to the extent permitted by law, the election of one or more remedies shall not be construed as a waiver of any other remedy the Agent may have available to it.

Termination Requirements. The Project Sponsor and the Agent will comply with the noncompliance and termination provisions in 2 CFR Part 200. In addition to the remedies for non- non-compliance in 2 CFR §200.339200.338, and in accordance with 2 CFR §§200.339 200.338 and 340339, the Agent may suspend or terminate this Contract in whole or in part if the Project Sponsor fails to comply with any terms and conditions of this Contract or upon the occurrence of any Event of Default or any other breach of this Contract. The Agent can withhold all funding and disbursements, demand repayment for amounts disbursed, terminate all payments, and/or exercise all rights and remedies available to it under the terms of this Contract, under statutory law, equity or under common law. If the Agent terminates this Contract, the Project Sponsor shall also forfeit to the Agent all Contract: # ▇▇▇-▇▇▇▇▇ ▇▇▇▇: 14.241 unexpended monies awarded under the Contract. The Project Sponsor may also be required to refund all HOPWA funds awarded by the Agent. In accordance with 2 CFR §200.340200.339, the Agent can terminate the Contract with the consent of the Project Sponsor in which case the Project Sponsor and the Agent must agree upon the termination conditions, including the effective date, and in the case of partial termination, the portion to be terminated.‌ terminated. In accordance with 2 CFR §200.340(a)(4200.339(a)(4), the Contract may also be terminated by the Project Sponsor or the Agent with written notification setting forth the reason for such termination, the effective date and, in the case of partial termination, the portion to be terminated. However, if the Agent determines in the case of partial termination that the reduced or modified portion of the award will not accomplish the purposes for which the award was made, the Agent may terminate the award in its entirety.‌ entirety. If this award is terminated or partially terminated, the Project Sponsor remains responsible for compliance with the closeout requirements in 2 CFR §200.344 200.343 and post-closeout requirements set forth in 2 CFR §200.345200.344. All remedies shall be deemed cumulative and, to the extent permitted by law, the election of one or more remedies shall not be construed as a waiver of any other remedy the Agent may have available to it.