Common use of Termination for Changes to Funding Partner Funding to the Applicant Clause in Contracts

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