Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the Funder 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 Funder is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or (4) as provided for in section 4.5, the Funder does not receive the necessary funding from the Ministry.
Appears in 21 contracts
Samples: Service Accountability Agreement, Service Accountability Agreement, Service Accountability Agreement
Immediate Termination in Respect of Any or All Homes. In addition to the foregoing, the Funder 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 Funder is directed, pursuant to the Act, to terminate this Agreement by the Minister or the Director; or
(4) as provided for in section 4.5, the Funder does not receive the receivethe necessary funding from the Ministry.
Appears in 1 contract
Samples: Lsaa Amending Agreement
