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; 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 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; 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. In the cases set out in points (e), (g) and (h) of article 13.2 “any related person” refers to any person with powers of representation, decision-making or control in relation to the Project Promoter.