Common use of Termination by the Secretary Clause in Contracts

Termination by the Secretary. If the Contractor materially fails to comply with the terms of the MSP Operating Agreement: (1) The Secretary shall notify the Contractor and provide a reasonable opportunity for the Contractor to com- ply with the MSP Operating Agree- ment; (2) The Secretary shall terminate the MSP Operating Agreement if the Con- tractor fails to achieve such compli- ance; and (3) Upon such termination, any funds obligated by the relevant MSP Oper- ating Agreement shall be available to the Secretary to carry out the MSP.

Appears in 6 contracts

Samples: MSP Operating Agreement, MSP Operating Agreement, MSP Operating Agreement

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