Non-Compliance and Termination. In addition to or in lieu of any other remedies, the Centre may terminate this Agreement immediately, without notice and without any further obligation to the Recipient, or refuse to release all or part of the Centre Funds, in the event that: a) the Recipient fails to respect the terms and conditions of the Agreement; b) the Recipient fails to use the Centre Funds solely to implement the Project; or c) the Centre is not reasonably satisfied with the Recipient’s progress on the Project or the content of any written report from the Recipient regarding the Project, and, following discussions between the Centre and the Recipient, no resolution satisfactory to the Centre is reached within a reasonable period of time. In the event the Centre terminates the Agreement, the Recipient shall: a) be liable to reimburse the Centre for the value of all Property granted to the Recipient by the Centre under this Agreement, to the date of termination, which has been improperly disposed of; and b) return to the Centre any Centre Funds and advances not yet spent or irrevocably committed. The Recipient will notify the Centre contact immediately at such time as it becomes aware of any actual, possible or foreseeable breach of this Agreement.
Appears in 8 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
Non-Compliance and Termination. In addition to or in lieu of any other remedies, the Centre may terminate this Agreement immediately, without notice and without any further obligation to the Recipient, or refuse to release all or part of the Centre Funds, in the event that:
a) the Recipient fails to respect the terms and conditions of the Agreement, or if the Centre determines that Centre Funds are used in a manner inconsistent with the Agreement;
b) the Recipient fails to use the Centre Funds solely to implement the Project; or
c) the Centre is not reasonably satisfied with the Recipient’s progress on the Project or the content of any written report from the Recipient regarding the Project, and, following discussions between the Centre and the Recipient, no resolution satisfactory to the Centre is reached within a reasonable period of time. In addition to the foregoing, the Centre may terminate this Agreement at any time and without any further obligation to the Recipient by providing the Recipient with 60 days prior written notice. In the event the Centre terminates the Agreement, the Recipient shall:
a) be liable to reimburse the Centre for the value of all Property granted to the Recipient by the Centre under this Agreement, to the date of termination, which has been improperly disposed of; and
b) return to the Centre any Centre Funds and advances not yet spent or irrevocably committed. The Recipient will notify the Centre contact immediately at such time as it becomes aware of any actual, possible or foreseeable breach of this Agreement.
Appears in 1 contract
Samples: Grant Agreement
Non-Compliance and Termination. A31.1 In addition to or in lieu of any other remedies, the Centre may terminate this Agreement immediately, without notice and without any further obligation to the Recipient, or refuse to release all or part of the Centre Funds, in the event that:
a) the Recipient fails to respect the terms and conditions of the Agreement;
b) the Recipient fails to use the Centre Funds solely to implement the Project; or
c) the Centre is not reasonably satisfied with the Recipient’s progress on the Project or the content of any written report from the Recipient regarding the Project, and, following discussions between the Centre and the Recipient, no resolution satisfactory to the Centre is reached within a reasonable period of time. .
A31.2 In the event the Centre terminates the Agreement, the Recipient shall:
a) be liable to reimburse the Centre for the value of all Property granted to the Recipient by the Centre under this Agreement, to the date of termination, which has been improperly disposed of; and
b) return to the Centre any Centre Funds and advances not yet spent or irrevocably committed. The Recipient will notify the Centre contact immediately at such time as it becomes aware of any actual, possible or foreseeable breach of this Agreement.
Appears in 1 contract
Samples: Grant Agreement