Common use of Immediate Termination of Contract Clause in Contracts

Immediate Termination of Contract. The Board may immediately terminate the Contract upon giving notice to the Supplier where (a) the Supplier is adjudged bankrupt, makes a general assignment for the benefit of its creditors or a receiver is appointed on account of the Supplier’s insolvency; (b) the Supplier breaches any provision in Article 6 (Confidentiality and MFIPPA) of the Contract; (c) the Supplier breaches the Conflict of Interest paragraph in Article 3(Nature of Relationship Between the Board and Supplier) of the Contract or the Board’s Policy #51 – Human Rights as set out in section 4.15 of the Contract; (d) the Supplier, prior to or after executing the Contract, makes a material misrepresentation or omission or provides materially inaccurate information to the Board; (e) the Supplier undergoes a change in control which adversely affects the Supplier’s ability to satisfy some or all of its obligations under the Contract; (f) the Supplier subcontracts for the provision of part or all of the Deliverables or assigns the Contract without first obtaining the written approval of the Board; (g) the Supplier fails to meet its insurance obligations under the Contract; or (h) the Supplier’s acts or omissions constitute a substantial failure of performance and the above rights of termination are in addition to all other rights of termination available at law, or events of termination by operation of law.