Common use of Cancellation for convenience Clause in Contracts

Cancellation for convenience. The Commonwealth may cancel this Agreement by notice, due to a change in government policy; or a Change in the Control of the Grantee, which the Commonwealth believes will negatively affect the Grantee’s ability to comply with this Agreement. The Grantee agrees on receipt of a notice of cancellation under clause 19.1 to: stop the performance of the Grantee's obligations as specified in the notice; and take all available steps to minimise loss resulting from that cancellation. In the event of cancellation under clause 19.1, the Commonwealth will be liable only to: pay any part of the Grant due and owing to the Grantee under this Agreement at the date of the notice; and reimburse any reasonable expenses the Grantee unavoidably incurs that relate directly to the cancellation and are not covered by 19.3(a). The Commonwealth’s liability to pay any amount under this clause is subject to: the Grantee's compliance with this Agreement; and the total amount of the Grant. The Grantee will not be entitled to compensation for loss of prospective profits or benefits that would have been conferred on the Grantee. Clauses 10, 12, 13, 14, 16, 20 and 21 survive termination, cancellation or expiry of this Agreement.

Cancellation for convenience. The Commonwealth may cancel this Agreement by notice, due to a change in government policy; or a Change in the Control of the Grantee, which the Commonwealth believes will negatively affect the Grantee’s ability to comply with this Agreement. The Grantee agrees on receipt of a notice of cancellation under clause 19.1 to: stop the performance of the Grantee's obligations as specified in the notice; and take all available steps to minimise loss resulting from that cancellation. In the event of cancellation under clause 19.1, the Commonwealth will be liable only to: pay any part of the Grant due and owing to the Grantee under this Agreement at the date of the notice; and reimburse any reasonable expenses the Grantee unavoidably incurs that relate directly to the cancellation and are not covered by 19.3(a). The Commonwealth’s liability to pay any amount under this clause is subject to: the Grantee's compliance with this Agreement; and the total amount of the Grant. The Grantee will not be entitled to compensation for loss of prospective profits or benefits that would have been conferred on the Grantee. Clauses 10., 12., 13., 14., 16., 20 20. and 21 21. survive termination, cancellation or expiry of this Agreement.