Common use of Termination by Manager Clause in Contracts

Termination by Manager. Manager may terminate on the following grounds: (a) Effective when a funding change goes into effect or a later date as designated by the Manager, if there is any material adverse change in local, State or federal funding for the School’s students. (b) Effective immediately if the Board adopts or amends a policy, and the effect of such amendment or policy would reasonably be determined by Manager to materially increase the financial risk to Manager arising from its performance of its obligations hereunder, thus rendering Manager’s performance economically unviable. In the event the School adopts such an adverse policy in the middle of the school year, Manager agrees to use its best efforts to complete its obligations for the then- current school year without waiving any rights and remedies hereunder. (c) Effective immediately if (i) the School or Manager undergoes or is required to undergo an adverse change that makes the School or Manager financially unviable, or (ii) the Board makes a financial decision that is grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.

Termination by Manager. Manager may terminate on the following grounds: (a) Effective when a funding change goes into effect or a later date as designated by the Manager, Manager if there is any adverse and material adverse change in local, State or federal funding for the School’s students. (b) Effective immediately if the Board adopts or amends a policy, and the effect of such amendment or policy would reasonably be determined by Manager to materially increase the financial risk to Manager arising from its performance of its obligations hereunder, thus rendering Manager’s performance economically unviable. In the event the School adopts such an adverse policy in the middle of the school year, Manager agrees to use its best efforts to complete its obligations for the then- current school year without waiving any rights and remedies hereunder. (c) Effective immediately if (i) the School or Manager undergoes or is required to undergo an adverse change that makes the School or Manager financially unviable, or (ii) the Board makes a financial decision that is grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.

Termination by Manager. Manager may terminate on the following grounds: (a) Effective when a funding change goes into effect or a later date as designated by the Manager, if there is any material adverse change in local, State or federal funding for the School’s students. (b) Effective immediately if the Board adopts or amends a policy, and the effect of such amendment or policy would reasonably be determined by Manager to materially increase the financial risk to Manager arising from its performance of its obligations hereunder, thus rendering Manager’s performance economically unviable. In the event the School adopts such an adverse policy in the middle of the school year, Manager agrees to use its best efforts to complete its obligations for the then- then-current school year without waiving any rights and remedies hereunder. (c) . Effective immediately if (i) the School or Manager undergoes or is required to undergo an adverse change that makes the School or Manager financially unviable, or (ii) the Board makes a financial decision that is grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.

Termination by Manager. Manager may terminate on the following grounds: (a) Effective when a funding change goes into effect or a later date as designated by the Manager, Manager if there is any material adverse change in local, State or federal funding for the School’s students. (b) Effective immediately if the Board adopts or amends a policy, and the effect of such amendment or policy would reasonably be determined by Manager to materially increase the financial risk to Manager arising from its performance of its obligations hereunder, thus rendering Manager’s performance economically unviable. In the event the School adopts such an adverse policy in the middle of the school year, Manager agrees to use its best efforts to complete its obligations for the then- current school year without waiving any rights and remedies hereunder. (c) Effective immediately if (i) the School or Manager undergoes or is required to undergo an adverse change that makes the School or Manager financially unviable, or (ii) the Board makes a financial decision that is grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.. DocuSign Envelope ID: 74FA5FFE-74F9-4F78-A94E-FBFC2874AA7F

Termination by Manager. Manager may terminate on the following grounds: (a) Effective when a funding change goes into effect or a later date as designated by the Manager, if there is any material adverse change in local, State or federal funding for the School’s 's students. (b) Effective immediately if the Board adopts or amends a policy, and the effect of such amendment or policy would reasonably be determined by Manager to materially increase the financial risk to Manager arising from its performance of its obligations hereunder, thus rendering Manager’s 's performance economically unviable. In the event the School adopts such an adverse policy in the middle of the school year, Manager agrees to use its best efforts to complete its obligations for the then- current school year without waiving any rights and remedies hereunder. (c) . Effective immediately if (i) the School or Manager undergoes or is required to undergo an adverse change that makes the School or Manager financially unviable, or (ii) the Board makes a financial decision that is grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.