Common use of Termination for Departure of Associate, Service Provider or Principal Investigator Clause in Contracts

Termination for Departure of Associate, Service Provider or Principal Investigator. If the Project is being conducted pursuant to one of the Associates Programs or Voucher Programs, or if the Applicant is a Post-Secondary Institution and the Application identified a Principal Investigator, and: (a) the Applicant’s relationship with the relevant Associate, Service Provider or Principal Investigator, as the case may be, changes or terminates for any reason, such that such Person will no longer be engaged as agreed on the Project; and (b) either the Applicant did not seek approval for the appointment of a new Associate, Service Provider, or Principal Investigator, as the case may be, under the Changes and Review Procedure in Article 6, or the Applicant did seek such approval but Alberta Innovates did not grant such approval; then Alberta Innovates may Elect to terminate this Investment Agreement effective immediately upon providing Notice to the Applicant.