Common use of Termination by the PO Clause in Contracts

Termination by the PO. The PO may decide on termination of the agreement with no obligation on its part in the following situations: a) in case of a change in legal, financial, technical, organisational or ownership situation of the Project Promoter that might significantly affect the agreement or that would call into question the decision to award the grant; b) if the Project Promoter fails to fulfil a substantial obligation under the terms of the agreement, including those contained in the Annexes; c) in case of force majeure or if the action has been suspended due to exceptional reasons; 7 According to the model available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇/ d) if the PP is declared bankrupt, in liquidation, is having his affairs in judicial administration, has entered into an arrangement with creditors, has suspended activities, is the subject of other proceedings concerning these matters or in cases provided for by the law or the national regulations; e) if the PO has evidence or seriously suspects the Project Promoter or any entity or person related to them, of improper professional conduct; f) if the Project Promoter has not fulfilled obligations relating to the payment of social security contributions or the payment of taxes and fees in accordance with the laws of Romania (only for legal entities); g) if the PO has evidence or seriously suspects the Project Promoter or any entity or person linked to them of fraud, corruption, involvement in a criminal organization or any other illegal activity detrimental to the financial interests of the Donor States or Romania; h) if the PO has evidence or seriously suspects the Project Promoter or any entity or person related to them of errors, irregularities or fraud in the award procedure or performance of the agreement; i) if the Project Promoter has made false statements or reports inconsistent with reality in order to obtain the grant provided from agreement.

Termination by the PO. The PO may decide on the termination of the agreement with no contract without any obligation on its his part in the following situations: a) in In the case of a change in of legal, financial, technical, organisational or ownership situation of the Project Promoter that might significantly could affect substantially the agreement contract or that would call into question the decision to award the grant; b) if If the Project Promoter fails and the Responsible fail to fulfil a substantial obligation under the terms of the agreementcontract, including those contained in the Annexes; c) in In case of force majeure or if the action has been suspended due to exceptional reasons; 7 According to the model available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇/; d) if If the PP Promoter is declared bankrupt, in liquidation, is having his affairs in judicial administration, has entered into an arrangement with creditors, has suspended activities, is the subject of other proceedings concerning these matters or in cases provided for by the law or the national regulations; e) if If the PO has evidence or seriously suspects the Project Promoter or Responsible or any entity or person related to them, of improper professional conduct; f) if If the Project Promoter has not fulfilled the obligations relating to the payment of social security contributions or the payment of taxes and fees in accordance with the laws of Romania (only for legal entitiespersons); g) if If the PO has evidence or seriously suspects the Project Promoter or Responsible or any entity organisation or person linked to them of fraud, corruption, involvement in a criminal organization or any other illegal activity detrimental to the financial interests of the Donor States or RomaniaEuropean Union; h) if If the PO has evidence or seriously suspects the Project Promoter or Responsible or any entity organisation or person related to them them, of errors, irregularities or fraud in the award procedure or performance of the agreementcontract; i) if If the Project Promoter or Responsible has made false statements or reports inconsistent with the reality in order to obtain the grant provided from agreementfor in the contract.

Termination by the PO. The PO may decide on termination of the agreement with no obligation on its part in the following situations: 7 According to the model available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇/ a) in case of a change in legal, financial, technical, organisational or ownership situation of the Project Promoter that might significantly affect the agreement or that would call into question the decision to award the grant; b) if the Project Promoter fails to fulfil a substantial obligation under the terms of the agreement, including those contained in the Annexes; c) in case of force majeure or if the action has been suspended due to exceptional reasons; 7 According to the model available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇/; d) if the PP is declared bankrupt, in liquidation, is having his affairs in judicial administration, has entered into an arrangement with creditors, has suspended activities, is the subject of other proceedings concerning these matters or in cases provided for by the law or the national regulations; e) if the PO has evidence or seriously suspects the Project Promoter or any entity or person related to them, of improper professional conduct; f) if the Project Promoter has not fulfilled obligations relating to the payment of social security contributions or the payment of taxes and fees in accordance with the laws of Romania (only for legal entities); g) if the PO has evidence or seriously suspects the Project Promoter or any entity or person linked to them of fraud, corruption, involvement in a criminal organization or any other illegal activity detrimental to the financial interests of the Donor States or Romania; h) if the PO has evidence or seriously suspects the Project Promoter or any entity or person related to them of errors, irregularities or fraud in the award procedure or performance of the agreement; i) if the Project Promoter has made false statements or reports inconsistent with reality in order to obtain the grant provided from agreement.

Termination by the PO. The PO may decide on termination of to terminate the agreement with no obligation agreement, without any indemnity on its part part, in the following situationscircumstances: a) in case the event of a change in to the Project Promoter’s legal, financial, technical, organisational organizational or ownership situation of the Project Promoter that might significantly is liable to affect the agreement substantially or that would to call into question the decision to award the grant; b) if the Project Promoter fails to fulfil fulfill a substantial obligation incumbent on him/her under the terms of the agreement, including those contained in the Annexesits annexes; c) in case the event of force majeure or if the action has been suspended due to as a result of exceptional reasons; 7 According to the model available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇/circumstances; d) if the PP Promoter is declared bankrupt, in liquidationis being wound up, is having his affairs in judicial administrationadministered by the courts, has entered into an arrangement with creditors, has suspended business activities, is the subject of any other similar proceedings concerning these matters those matters, or is in cases an analogous situation arising from a similar procedure provided for by the law in national legislation or the national regulations; e) if where the PO has evidence or seriously suspects the Project Promoter or any related entity or person related to themperson, of improper professional conductmisconduct; f) if the Project Promoter has not fulfilled obligations relating to the payment of social security contributions or the payment of taxes and fees in accordance with the laws legal provisions of Romania (only for legal entitiespersons only); g) if where the PO has evidence or seriously suspects the Project Promoter or any related entity or person linked to them person, of fraud, corruption, involvement in a criminal organization or any other illegal activity detrimental to the European Union financial interests of the Donor States or Romaniainterest; h) if where the PO has evidence or seriously suspects the Project Promoter or any related entity or person related to them person, of substantial errors, irregularities or fraud in the award procedure or performance the implementation of the agreement; i) if the Project Promoter promoter has made false statements declarations or submits reports inconsistent with reality in order to obtain the grant provided from for in the agreement. In the cases referred to in points (e), (g) and (h) above, any related person shall mean any physical person with powers of representation, decision-making or control in relation to the Project promoter. Any related entity shall mean in particular any entity which meets the criteria laid down by Article 1 of the Seventh Council Directive n° 83/349/EEC of 13 June 1983.