Automatic Revocation and Procedures Initiated by State of Michigan Sample Clauses

Automatic Revocation and Procedures Initiated by State of Michigan. If the District is notified by the Superintendent of Public Instruction that the Academy is subject to closure under Part 6a of the Code (“State’s Automatic Closure Notice”), then this Contract shall automatically be revoked at the end of the current fiscal year in which the notice is received without any further action of the District Board or the Academy. The District Board’s revocation procedures set forth in Section 10.7 do not apply to an automatic revocation initiated by the State. Following the receipt of the State’s Automatic Closure Notice, The Superintendent shall forward a copy of the State’s Automatic Closure Notice to the Academy Board and may request a meeting with the Academy to discuss plans and procedures for wind-up and dissolution of the Academy corporation at the end of the fiscal year in
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  • Arbitration and Governing Law If a dispute arises out of or relates to this contract, or the breach thereof, and if the dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures before resorting to arbitration, litigation, or some other dispute resolution procedure. If they do not reach such solution within a period of 60 days, then, upon notice by either party to the other, all disputes, claims, questions, or differences shall be finally settled by arbitration administered by the American Arbitration Association in accordance with the provisions of its Commercial Arbitration Rules. This Agreement and the legal relations among the Parties hereto shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of law doctrine. The Parties agree that the venue for the resolution of all disputes arising under the terms of this Agreement and the transactions contemplated herein will be the County of Pinellas, State of Florida.

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