Common use of Termination and Cancelation Clause in Contracts

Termination and Cancelation. The Grant Recipient understands and agrees that the Commission may at a later time determine that a Grant Recipient is not in compliance with the Commission Order or the terms of this Agreement. In such case, the Commission may terminate the Grant Award. Upon termination, Grant Award funds will be limited to the Eligible Costs already incurred in carrying out the Project as of the date of termination. If the Grant Recipient wishes to cancel the Project, the Grant Recipient may submit a written request to the Commission requesting that the Commission approve the termination of the Grant Award. If the Commission grants the request, Grant Award funds will be limited to the Eligible Costs already incurred in carrying out the Project as of the date of termination.

Termination and Cancelation. The Grant Recipient understands and agrees that the Commission may at a later time determine that a Grant Recipient is not in compliance with the Commission Order or the terms of this Agreement. In such case, the Commission may terminate the Grant Award. Upon termination, Grant Award funds will be limited to the Eligible Costs already incurred in carrying out the Project as of the date of termination. If the Grant Recipient wishes to cancel the Project, the Grant Recipient may submit a written request to the Commission requesting that the Commission approve the termination of the Grant Award. If the Commission grants the request, Grant Award funds will be limited to the Eligible Costs already incurred in carrying out the Project as of the date of termination.