Common use of Termination for Changes to Funding Partner Funding to Alberta Innovates Clause in Contracts

Termination for Changes to Funding Partner Funding to Alberta Innovates. If this Investment Agreement or the Program Guide specify that any Funding Partner funding is to be received by Alberta Innovates from the Funding Partner to apply towards the Investment but: (a) Alberta Innovates does not receive the anticipated funding from the Funding Partner; or (b) at any time Alberta Innovates’ funding agreement with the Funding Partner is suspended, cancelled, terminated, lapsed, or amended in a manner adverse to Alberta Innovates; then Alberta Innovates shall provide prompt Notice of such circumstances to the Applicant, and may Elect to terminate this Investment Agreement effective immediately upon providing Notice to the Applicant.

Termination for Changes to Funding Partner Funding to Alberta Innovates. If this Investment Agreement or the Program Guide specify that any Funding Partner funding is to be received by Alberta Innovates from the Funding Partner to apply towards the Investment but: (a) Alberta Innovates does not receive the anticipated funding from the Funding Partner; or (b) at any time Alberta Innovates’ ' funding agreement with the Funding Partner is suspended, cancelled, terminated, lapsed, or amended in a manner adverse to Alberta Innovates; then Alberta Innovates shall provide prompt Notice of such circumstances to the Applicant, and may Elect to terminate this Investment Agreement effective immediately upon providing Notice to the Applicant.