Abandonment of the Project. The District has the absolute discretion to suspend or abandon all or any portion of the Work on the Project and may do so upon fourteen (14) Days’ written notice to Contractor. Upon notice of suspension or abandonment, Contractor shall immediately discontinue any further action on the Project or the abandoned portion of the Project, as applicable. If the entire Work to be performed on the Project is abandoned, the parties shall each be relieved of the remaining executory obligation of the Agreement, as it relates to the Project, but shall not be relieved of any obligations arising prior to said abandonment.
Abandonment of the Project. If Grant Recipient abandons or otherwise ceases to continue to make reasonable progress towards completion of the Project.
Abandonment of the Project. The Borrower abandons all or any material portion of the Expansion and Extension at any time that any Advances are outstanding under Facility B.
Abandonment of the Project. The Borrower shall not, and shall cause each Loan Party to not, willfully and voluntarily abandon any Project or its activities to develop, construct, operate or maintain each Project, for a continuous period of more than thirty (30) consecutive days (taking into account any force majeure events).
Abandonment of the Project. All or a material part of the development or operation of the Project is abandoned or suspended for a continuous period exceeding 30 days.
Abandonment of the Project. The abandonment or failure to operate all or a portion of the Project for two or more consecutive days in any Contract Year unless caused by Uncontrollable Circumstances;
Abandonment of the Project. In the event the Board of Managers determines to abandon the Project, the Members shall maintain the existence of the Company until such time as the Company shall have received any revenues payable to the Company or any Operating Company.
Abandonment of the Project. If at any time prior to or following First Commercial Use, Buyer provides written notice to Seller of its election to abandon the Project ("Abandonment"), Seller shall have the option to re-acquire the Assets (the "Re-Acquired Assets") from Buyer upon entering into a bona fide agreement with an unaffiliated third party ("Third Party") under which a Third Party agrees to commercialize a Catarex Product. In the event that Seller wishes to exercise said option, Seller shall deliver to Buyer a written notice of election and the parties shall agree on a time and place for a closing of the transaction. In connection with such closing, Seller shall agree in writing to pay Buyer a purchase price for the Re-Acquired Assets equal to the aggregate payments received by Seller from Buyer under Sections 3.1, 3.3.1 and 7.4 hereof (minus, in the case of Section 7.4, Royalties accrued and paid upon Net Sales under Section 3.3.2); provided that Seller shall be entitled to pay Buyer at the rate of fifty percent (50%) of any and all amounts received from such Third Party as and when such amounts are received by Seller. Notwithstanding the foregoing, an Abandonment shall be deemed to have occurred if (i) Buyer fails to satisfy any of the following milestones or (ii) ceases selling Catarex Products after First Commercial Use:
Abandonment of the Project. If Recipient abandons or otherwise ceases to continue to make reasonable progress towards completion of the Project.
Abandonment of the Project. If Subrecipient abandons or otherwise ceases to continue to make reasonable progress towards completion of the program, activities or Project as outlined in Scope of Work (Exhibit A) and Award Letter. If, after notice of default or non-compliance, Subrecipient has not cured such default within a reasonable time or is not diligently pursuing a cure satisfactory to Grantee, then Grantee shall promptly notify Subrecipient, in writing, of its determination and the reasons for the termination together with the date on which the termination shall take effect, along with other notifications required by law. Upon termination, Grantee retains the right to recover any improper expenditures from Subrecipient and Subrecipient shall return to Grantee any improper expenditures no later than 30 days after the date of termination. Grantee may, at its sole discretion, allow Subrecipient to be reimbursed for costs reasonably incurred prior to termination, that were not made in anticipation of termination and cannot be canceled, provided that said costs meet the provisions of this Agreement, NCORR Billing Guide (Exhibit B), 24 CFR part 200, subpart E, Cost Principles, and any other applicable state or federal statutes, regulations or requirements.
