Common use of Immediate Termination in Respect of Any or All Homes Clause in Contracts

Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the LHIN may terminate this Agreement in respect of any or all Homes, immediately upon giving Notice to the HSP if: (1) The HSP ceases to carry on business; (2) the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (3) the LHIN is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or (4) as provided for in section 4.6, the LHIN does not receive the necessary funding from the MOHLTC.

Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the LHIN may terminate this Agreement in respect of any or all Homes, immediately upon giving Notice to the HSP if: (1) The the HSP ceases to carry on business; (2) the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (3) the LHIN is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or (4) as provided for in section 4.64.5, the LHIN does not receive the necessary funding from the MOHLTC.

Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the LHIN may terminate this Agreement in respect of any or all Homes, immediately upon giving Notice to the HSP if: (1) The the HSP ceases to carry on business; (2) the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiverareceiver; (3) the LHIN is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or (4) as provided for in section 4.64.5, the LHIN does not receive the necessary funding from the MOHLTC.

Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the LHIN may terminate this Agreement in respect of any or all Homes, immediately upon giving Notice to the HSP if: (1) The : the HSP ceases to carry on business; (2) ; the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (3) ; the LHIN is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or (4) or as provided for in section 4.64.5, the LHIN does not receive the necessary funding from the MOHLTC.

Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the LHIN may terminate this Agreement in respect of any or all Homes, immediately upon giving Notice to the HSP if: (1) : The HSP ceases to carry on business; (2) ; the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver; (3) ; the LHIN is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or (4) or as provided for in section 4.6, the LHIN does not receive the necessary funding from the MOHLTC.