SUBSIDY CONTRACT TERMINATION Sample Clauses

SUBSIDY CONTRACT TERMINATION. The Managing Authority may terminate the present Subsidy Contract, with one-month notice, if the Lead Beneficiary: received subsidy from ERDF on the basis of false or incomplete declarations or documents; when spending funds, the Lead Beneficiary did not respect the procedures specified in the Subsidy Contract or provisions resulting from EU and national regulations, or other documents; used a part or the whole subsidy granted not as intended or inconsistently to the Subsidy Contract; is not able to finalize the Project in the planned period referred to in § 4 item 1 point 2 and if the implementation of planned actions is delayed by more than 6 months compared to the up-dated Application Form; did not start the Project implementation within 3 months from the starting date of the Project defined in § 4 item 1 point 1, for reasons dependent on the Lead Beneficiary; ceased the Project implementation or the Project is implemented inconsistently to this Subsidy Contract; did not meet the expected Project objectives for reasons in the Lead Beneficiary’s control; did not achieve the expected effects of the Project implementation for reasons in the Lead Beneficiary’s control; did not submit Progress Reports pursuant to this Subsidy Contract; refused to be subject to control or audit by authorised bodies; did not remedy the stated irregularities when due; did not submit the requested information or documents despite a written request from the Managing Authority or other institutions entitled to carry out control duties, in which the deadline was settled and legal consequences of failure to meet the request of the Managing Authority or other institutions entitled to carry out control duties were defined; is unable to prove that the final Progress Report contains complete and true data, and that the costs reported are eligible; is under liquidation or bankruptcy proceeding was initiated against it, or the bankruptcy proceeding was dismissed due to insufficient assets to cover the costs of bankruptcy proceeding or when it is subject to the receivership or when it suspended its business activity or it is a subject of similar proceedings. In case the Subsidy Contract is terminated for reasons referred to in item 1, the Lead Beneficiary is obligated to reimburse the subsidy granted with interests calculated pursuant to the provisions in § 7 item 3. If the Subsidy Contract is terminated for reasons specified in item 1 point 3 and 11, the Managing Authority, in duly justif...
Sample 1
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SUBSIDY CONTRACT TERMINATION. 1. The Managing Authority may terminate the present Subsidy Contract, with one-month notice, if the Lead Beneficiary:
Sample 1

Related to SUBSIDY CONTRACT TERMINATION

  • Early Contract Termination The State may terminate this contract in whole or in part by giving fifteen (15) days written notice to the Purchaser when it is in the best interests of the State. If this contract is so terminated, the State shall be liable only for the return of that portion of the initial deposit that is not required for payment, and the return of unapplied payments. The State shall not be liable for damages, whether direct or consequential.

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Contract Termination Date This contract terminates upon the earliest occurrence of the following:

  • Agreement Termination In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its control, County may terminate this Agreement in whole or in part in the same manner as for breach hereof.

  • Contract Termination; Debarment A breach of the contract clauses in paragraph 1 through 10 of this section may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Benefit Termination Any employee terminating employment shall be entitled to receive the District insurance contribution for the remainder of the calendar month in which the contribution is effective. In cases where separation occurs after completion of the employee’s full contract obligation (i.e. the end of the school/work year), benefit coverage will continue through August 31 of that year.

  • Vendor’s Termination If TIPS fails to materially perform pursuant to the terms of this Agreement, Vendor shall provide written notice to TIPS specifying the default (“Notice of Default”). If TIPS does not cure such default within thirty (30) days, Vendor may terminate this Agreement, in whole or in part, for cause. If Vendor terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Contract Termination Provision This contract may be terminated at any time by City for any cause without penalty or liability except as may otherwise be specified herein. Upon receipt of written notice by City, Engineer shall immediately discontinue all services and Engineer shall immediately terminate placing orders or entering into contracts for supplies, assistance, facilities or materials in connection with this contract and shall proceed to cancel promptly all existing contracts insofar as they are related to this contract. As soon as practicable after receipt of notice of termination, Engineer shall submit a statement showing in detail the services performed but not paid for under this contract to the date of termination. City shall then pay Engineer promptly the accrued and unpaid services to the date of termination, to the extent the services are approved by City. This contract may be terminated by Engineer with mutual consent of City at any time for any cause without penalty or liability except as may otherwise be specified herein. Engineer shall submit written notice to terminate contract and shall submit to City all plans and documents relative to the design of Project. City shall then ascertain cost to complete the balance of the work under this contract. If the cost to complete the balance of the work is greater than the unpaid contract amount, City shall retain all unpaid balances and, in addition, Engineer shall pay directly to City the difference in the unpaid balance and the cost to complete the work. In no case shall City pay Engineer any additional monies other than those previously paid under the contract.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

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