CONTRACT DEFAULT AND TERMINATION Sample Clauses

CONTRACT DEFAULT AND TERMINATION. 3.1 Violation of Law 6 3.2 Neglect of Duties 7
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CONTRACT DEFAULT AND TERMINATION. CONTRACT Termination This CONTRACT between the PARTIES may be terminated as follows: by mutual written agreement of the PARTIES; or as detailed in the Default and Termination provisions of Section 6.2 through 6.8 below. Termination for Malfeasance, Misfeasance, and Fraud In addition to any other remedies in this CONTRACT, with thirty (30) day written notice and explanation to the other party, this CONTRACT may be terminated by either party for malfeasance, misfeasance, and/or fraud at any time with no penalty to the BOARD. Termination for cause by the BOARD under such circumstances shall, in addition to any other rights the BOARD may have, impose an obligation upon FBMC to reimburse the BOARD’s reasonable termination costs up to $100,000 and fulfill its termination-related obligations including, but not limited to, delivery of documentation and related items. Termination costs exceeding $100,000 must be mutually agreed upon prior to incurring. Violation of Law Notwithstanding any other provision of this CONTRACT, at its sole discretion, the BOARD may terminate this CONTRACT and FBMC's services, effective immediately and without advance notice, if at any time during the term of this CONTRACT FBMC admits or is found by the BOARD to be in violation of this CONTRACT or any federal or Wisconsin State law. Adverse Financial Condition If a petition, voluntary or involuntary, should be filed under the state or federal bankruptcy, insolvency, or other similar laws by or against FBMC or affiliate performing services in connection with this CONTRACT, the BOARD may at its sole option terminate this CONTRACT immediately and without any notice period and the BOARD may exercise all rights and remedies available to it. Non-Performance If the BOARD determines FBMC is not fulfilling it’s CONTRACT obligations and meeting performance standards as defined in this CONTRACT and as detailed in Exhibit A, Performance Standards and Guarantees, the BOARD shall submit a notice in writing to FBMC that the BOARD has made a tentative determination that such willful or reckless neglect has occurred and the specific basis for such tentative determination. The BOARD shall give FBMC at least ninety (90) days to respond to the determination in writing and allow FBMC to present its response at a hearing before the BOARD to be held within sixty (60) days of the date of the original notice. If FBMC fails to meet the contractual obligations noted by the BOARD within this ninety (90) day period, ...
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CONTRACT DEFAULT AND TERMINATION 
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Related to CONTRACT DEFAULT AND TERMINATION

  • Default and Termination A. In the event of substantial failure by PROVIDER to perform in accordance with the terms hereof, A&M System may terminate this Agreement upon fifteen (15) days written notice of termination setting forth the nature of the failure (the termination shall not be effective if the failure is fully cured prior to the end of the fifteen-day period), provided that said failure is through no fault of A&M System.

  • Events of Default and Termination 13.1 If:

  • H DEFAULT, DISRUPTION AND TERMINATION H1 Termination on insolvency and change of control H1.1 The Client may terminate the Contract with immediate effect by notice in writing where the Contractor is a company and in respect of the Contractor:

  • Default Events and Termination 18.1 Each of the following circumstances shall constitute a General Default:

  • Default, Disruption and Termination H1 Termination on Change of Control and Insolvency H2 Termination on Default H3 Break H4 Consequences of Termination H5 Disruption H6 Recovery upon Termination H7 Force Majeure

  • Term Suspension and Termination 9.1. Term of this MSA. This MSA comes into force on the date you first accept it by whatever means and continues until all Subscriptions expire or have been terminated.

  • Consequences of Events of Default and Corrective Action If an Event of Default occurs, the Province may, at any time, take one or more of the following actions:

  • Termination of Default An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

  • COMMENCEMENT, DURATION AND TERMINATION 2.1. Cavendish Communications shall provide or arrange for the provision of Wholesale Line Rental Services for the Minimum Term from the date the Lines are connected and operative (“Commencement Date”).

  • Performance Default and Remedies Subsection B. DEFAULT AND REMEDIES, second paragraph of the Contract is modified as follows (underlined language is added and stricken language is deleted): “Written notice of default and a reasonable 30-day opportunity to cure must be issued by the party claiming default.”

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