Common use of Termination and its Consequences Clause in Contracts

Termination and its Consequences. 8.1 The SSB acknowledges that if the IMC shall fail to enter into the IMC Service Agreement with the Government in accordance with Clause 7.1 above, the Government shall be entitled to terminate forthwith this Agreement. 8.2 This Agreement shall come to an end upon – (a) the termination of the IMC Service Agreement; or (b) the termination of the Tenancy Agreement between the SSB and the Government other than reason pursuant to Clause 6.3; or (c) the termination of the Tenancy Agreement between the IMC and the Government as referred to in Clause 6.2; whichever occurs earlier. 8.3 The Government shall be entitled to terminate this Agreement forthwith if the SSB shall go into liquidation (other than a voluntary liquidation for the purpose of amalgamation or reconstruction) or if a receiver has been appointed over any of its assets. 8.4 The Government and the SSB may by mutual agreement terminate the SSB Service Agreement at any time. 8.5 On termination of this Agreement – (a) all rights and obligations of the parties under this Agreement shall terminate except for such rights of actions as shall have accrued prior thereto and any obligations which expressly or by implication are intended to come into or continue in force on or after such expiration or termination; and (b) the SSB shall, wherever possible, provide Government with information on all contracts made by the SSB so as to enable the Government to ensure smooth operation of the School; and (c) the SSB shall facilitate the Government as far as practicable to prepare for taking over the operation of the School and/or allocating the School to a new operator, including but not limited to assigning or procuring the assignment to the Government and/or the new operator the rights of the SSB in all or any of the contracts relating to the operation of the School.

Termination and its Consequences. 8.1 The SSB acknowledges that if the IMC shall fail to enter into the IMC Service Agreement with the Government in accordance with Clause 7.1 above, the Government shall be entitled to terminate forthwith this Agreement. 8.2 This Agreement shall come to an end upon – (a) the termination of the IMC Service Agreement; or (b) the termination of the Tenancy Agreement between the SSB and the Government other than reason pursuant to Clause 6.3; or (c) the termination of the Tenancy Agreement between the IMC and the Government as referred to in Clause 6.2; whichever occurs earlier. 8.3 The Government shall be entitled to terminate this Agreement forthwith if the SSB shall go into liquidation (other than a voluntary liquidation for the purpose of amalgamation or reconstruction) or if a receiver has been appointed over any of its assets. 8.4 The Government and the SSB may by mutual agreement terminate the SSB Service Agreement at any time. 8.5 On termination of this Agreement – (a) all rights and obligations of the parties under this Agreement shall terminate except for such rights of actions as shall have accrued prior thereto and any obligations which expressly or by implication are intended to come into or continue in force on or after such expiration or termination; and (b) the SSB shall, wherever possible, provide Government with information on all contracts made by the SSB so as to enable the Government to ensure smooth operation of the School; and. (c) the SSB shall facilitate the Government as far as practicable to prepare for taking over the operation of the School and/or allocating the School to a new operator, including but not limited to assigning or procuring the assignment to the Government and/or the new operator the rights of the SSB in all or any of the contracts relating to the operation of the School.

Termination and its Consequences. 8.1 The SSB acknowledges that if the IMC SMC shall fail to enter into the IMC SMC Service Agreement with the Government in accordance with Clause 7.1 above, the Government shall be entitled to terminate forthwith this Agreement. 8.2 This Agreement shall come to an end upon – (a) the termination of the IMC SMC Service Agreement; or (b) the termination of the Tenancy Agreement between the SSB and the Government other than reason pursuant to Clause 6.3; or (c) the termination of the Tenancy Agreement between the IMC SMC and the Government as referred to in Clause 6.2; whichever occurs earlier. 8.3 The Government shall be entitled to terminate this Agreement forthwith if the SSB shall go into liquidation (other than a voluntary liquidation for the purpose of amalgamation or reconstruction) or if a receiver has been appointed over any of its assets. 8.4 The Government and the SSB may by mutual agreement terminate the SSB Service this Agreement at any time. 8.5 On termination of this Agreement – (a) all rights and obligations of the parties under this Agreement shall terminate except for such rights of actions as shall have accrued prior thereto and any obligations which expressly or by implication are intended to come into or continue in force on or after such expiration or termination; and; (b) the SSB shall, wherever possible, provide Government with information on all contracts made by the SSB so as to enable the Government to ensure smooth operation of the School; and (c) the SSB shall facilitate the Government as far as practicable to prepare for taking over the operation of the School and/or allocating the School to a new operator, including but not limited to assigning or procuring the assignment to the Government and/or the new operator the rights of the SSB in all or any of the contracts relating to the operation of the School.