Common use of Termination by the beneficiary Clause in Contracts

Termination by the beneficiary. 1. The beneficiary may terminate his participation to the framework partnership agreement, at any time, by giving calendar 60 days' written notice. Where he avails himself of that right, he must undertake to complete the implementation of any specific grant agreement which have entered into force before the date when termination of the framework partnership agreement takes effect, without prejudice to Article II.31 of the specific grant agreement. The request shall be addressed to Fusion for Energy by the beneficiary. A written amendment shall be concluded to make any modification necessary to adapt the framework partnership agreement to the new implementing conditions resulting from that termination.

Appears in 5 contracts

Samples: Framework Partnership Agreement, Framework Partnership Agreement, Framework Partnership Agreement

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