Common use of Nonrenewal; Revocation; Relinquishment Clause in Contracts

Nonrenewal; Revocation; Relinquishment. If the Charter is not renewed, is revoked, or is voluntarily relinquished: (a) the Organizer shall be responsible for winding down the operations of the School, including payment of any and all debts, loans, liabilities (contingent or otherwise) and obligations incurred at any time by the Organizer in connection with the operation of the School. Under no circumstances shall the Indiana Charter Board, or its employees, agents, or representatives, or those acting on behalf of the Indiana Charter Board’s employees, agents and representatives, be responsible for such obligations. (b) the Organizer shall cooperate with the Executive Director to effect the orderly closing of the School as set forth in the Indiana Charter Board’s Closure Protocol, including timely notification to parents and staff, orderly transition of student education records in accordance with IC § 20-24-9-4.5(d), and proper disposition of School funds, property, and assets.

Nonrenewal; Revocation; Relinquishment. If the Charter is not renewed, is revoked, or is voluntarily relinquished, or if one or more Schools are closed: (a) the Organizer shall be responsible for winding down the operations of the SchoolSchool(s), including payment of any and all debts, loans, liabilities (contingent or otherwise) and obligations incurred at any time by the Organizer in connection with the operation of the SchoolSchool(s). Under no circumstances shall the Indiana Charter Board, or its employees, agents, or representatives, or those acting on behalf of the Indiana Charter Board’s employees, agents and representatives, be responsible for such obligations. (b) the Organizer shall cooperate with the Executive Director to effect the orderly closing of the School School(s) as set forth in the Indiana Charter Board’s Closure Protocol, including timely notification to parents and staff, orderly transition of student education records in accordance with IC § 20-24-9-4.5(d), and proper disposition of School funds, property, and assets.