Common use of Termination by Recipient Clause in Contracts

Termination by Recipient. The Recipient may terminate this Funding Deed at any time provided that it gives written notice to Council of its intention to do so at least 28 days prior to terminating. If the Recipient terminates this Funding Deed pursuant to this clause the Recipient must repay to Council all unexpended Funds calculated on the day that notice is given by the Recipient to Council and immediately cease expending any Funds from the date of that notice onwards.