Common use of Termination for fault Clause in Contracts

Termination for fault. The Commonwealth may terminate this Agreement by notice where the Grantee has: failed to comply with an obligation under this Agreement and the Commonwealth believes that the non‐compliance is incapable of remedy or where clause 19.2.2(b) applies provided false or misleading statements in relation to the Grant; or become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

Termination for fault. The Commonwealth may terminate this Agreement by notice where the Grantee has: failed to comply with an obligation under this Agreement and the Commonwealth believes that the non‐compliance is incapable of remedy or where clause 19.2.2(b) applies applies; provided false or misleading statements in relation to the Grant; or become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.