Common use of Termination by Fusion for Energy Clause in Contracts

Termination by Fusion for Energy. Fusion for Energy may decide to terminate the framework partnership agreement at any time, without any indemnity on its part, by giving calendar 60 days' written notice. Where Fusion for Energy avails itself of that right, it must honour the obligations arising from the implementation of any specific grant agreement which have entered into force before the date when termination of the framework partnership agreement takes effect, insofar as this implementation gives rise to expenditure foreseen in those specific grant agreements which is reasonable, without prejudice to Article II.33 of the specific grant agreement.

Termination by Fusion for Energy. Fusion for Energy may decide to terminate the framework partnership agreement or the participation of a beneficiary to the framework partnership agreement at any time, without any indemnity on its part, by giving calendar 60 days' written notice. Where Fusion for Energy avails itself of that right, it must honour the obligations arising from the implementation of any specific grant agreement which have entered into force before the date when termination of the framework partnership agreement takes effect, insofar as this implementation gives rise to expenditure foreseen in those specific grant agreements which is reasonable, without prejudice to Article II.33 II.37 of the specific grant agreement.