Common use of Additional Termination Rights of UNICEF Clause in Contracts

Additional Termination Rights of UNICEF. In addition to the termination rights under Articles 10.1 and 10.2 above, UNICEF can terminate this LTA-G with immediate effect upon delivery of a written notice of termination to the Supplier, without any liability for termination charges or any other liability of any kind: (a) in the circumstances described in, and in accordance with, Article 7 (Ethical Standards) of the UNICEF General Terms and Conditions of Contract (Goods); or (b) if the Supplier breaches any of the provisions of Articles 5.2-5.4 (Confidentiality) of the UNICEF General Terms and Conditions of Contract (Goods); or (c) if the Supplier (i) is adjudged bankrupt, or is liquidated, or becomes insolvent, or applies for a moratorium or stay on any payment or repayment obligations, or applies to be declared insolvent, (ii) is granted a moratorium or a stay, or is declared insolvent , (iii) makes an assignment for the benefit of one or more of its creditors, (iv) has a receiver appointed on account of the insolvency of the Supplier, (v) offers a settlement in lieu of bankruptcy or receivership or (vi) has become, in UNICEF’s reasonable judgment, subject to a materially adverse change in its financial condition that threatens to substantially affect the ability of the Supplier to perform any of its obligations under this LTA-G.

Additional Termination Rights of UNICEF. In addition to the termination rights under Articles 10.1 6.1 and 10.2 6.2 above, UNICEF can terminate this LTA-G S with immediate effect upon delivery of a written notice of termination to the SupplierContractor, without any liability for termination charges or any other liability of any kind: (a) in the circumstances described in, and in accordance with, Article 7 (Ethical Standards) of the UNICEF General Terms and Conditions of Contract (GoodsServices); or (b) if the Supplier Contractor breaches any of the provisions of Articles 5.2-5.4 5.11 (Confidentiality; Data Protection and Security) of the UNICEF General Terms and Conditions of Contract (GoodsServices); or (c) if the Supplier Contractor (i) is adjudged bankrupt, or is liquidated, or becomes insolvent, or applies for a moratorium or stay on any payment or repayment obligations, or applies to be declared insolvent, (ii) is granted a moratorium or a stay, or is declared insolvent , (iii) makes an assignment for the benefit of one or more of its creditors, (iv) has a receiver appointed on account of the insolvency of the SupplierContractor, (v) offers a settlement in lieu of bankruptcy or receivership or (vi) has become, in UNICEF’s reasonable judgment, subject to a materially adverse change in its financial condition that threatens to substantially affect the ability of the Supplier Contractor to perform any of its obligations under this LTA-G.S.

Additional Termination Rights of UNICEF. In addition to the termination rights under Articles 10.1 6.1 and 10.2 6.2 above, UNICEF can terminate this LTA-G S with immediate effect upon delivery of a written notice of termination to the SupplierContractor, without any liability for termination charges or any other liability of any kind: (a) in the circumstances described in, and in accordance with, Article 7 (Ethical Standards) of the UNICEF General Terms and Conditions of Contract (GoodsServices); or (b) if the Supplier Contractor breaches any of the provisions of Articles 5.2-5.4 5.11 (Confidentiality; Data Protection and Security) of the UNICEF General Terms and Conditions of Contract (GoodsServices); or (c) if the Supplier Contractor (i) is adjudged bankrupt, or is liquidated, or becomes insolvent, or applies for a moratorium or stay on any payment or repayment obligations, or applies to be declared insolvent, (ii) is granted a moratorium or a stay, or is declared insolvent , (iii) makes an assignment for the benefit of one or more of its creditors, (iv) has a receiver appointed on account of the insolvency of the SupplierContractor, (v) offers a settlement in lieu of bankruptcy or receivership or (vi) has become, in UNICEF’s 's reasonable judgment, subject to a materially adverse change in its financial condition that threatens to substantially affect the ability of the Supplier Contractor to perform any of its obligations under this LTA-G.S.