Common use of Termination by the Commission Clause in Contracts

Termination by the Commission. The Commission may decide to terminate the agreement, without any indemnity on its part, in the following circumstances: (a) in the event of a legal, financial, technical, organisational or auditing change in the beneficiary's situation that is liable to affect the agreement substantially or to call into question the decision to award the grant; (b) if the beneficiary fails to fulfil a substantial obligation incumbent on him under the terms of the agreement, including its annexes; (c) in the event of force majeure, notified in accordance with Article II.8, or if the action has been suspended as a result of exceptional circumstances, notified in accordance with Article II.7; (d) if the beneficiary is declared bankrupt, is being wound up or is the subject of any other similar proceedings; (e) if the beneficiary is found guilty of an offence involving his professional conduct by a judgment having the force of res judicata or if he is guilty of grave professional misconduct proven by any justified means; (f) if the beneficiary is guilty of misrepresentation or submits reports inconsistent with reality to obtain the grant provided for in the agreement;

Termination by the Commission. The Commission may decide to terminate the agreement, without any indemnity on its part, in the following circumstances: (a) in the event of a change to the beneficiary’s legal, financial, technical, organisational or auditing change in the beneficiary's ownership situation that is liable to affect the agreement substantially or to call into question the decision to award the grant; (b) if the beneficiary fails to fulfil a substantial obligation incumbent on him under the terms of the agreement, including its annexes; (c) in the event of force majeure, notified in accordance with Article II.8, or if the action has been suspended as a result of exceptional circumstances, notified in accordance with Article II.7; (d) if the beneficiary is declared bankrupt, is being wound up or is the subject of any other similar proceedings; (e) if the beneficiary is found guilty of an offence involving his professional conduct by a judgment having the force of res judicata or if he is guilty of grave professional misconduct proven by any justified means; (f) if the beneficiary is guilty of misrepresentation or submits reports inconsistent with reality to obtain the grant provided for in the agreement;