Common use of Termination for Lack of Completion Clause in Contracts

Termination for Lack of Completion. In case the Sponsored Activity is not completed within a reasonable timeline, Takeda shall be entitled to immediately terminate the Agreement for material breach pursuant to Article 17 above. In case of such termination the Organization shall immediately return to Takeda the portion of the Sponsorship Contribution that has not been expended, applied or committed for the purposes of the Sponsored Activities as at the date of such termination.

Termination for Lack of Completion. In case the Sponsored Activity is not completed within a reasonable timeline, Takeda shall be entitled to immediately terminate the Agreement for material breach pursuant to Article 17 8.2 above. In case of such termination the Organization shall immediately return to Takeda the portion of the Sponsorship Contribution that has not been expended, applied or committed for the purposes of the Sponsored Activities as at the date of such termination.termination.‌

Termination for Lack of Completion. In case the Sponsored Activity is not completed within a reasonable timeline, Takeda shall be entitled to immediately terminate the Agreement for material breach pursuant to Article 17 Article‌ 8.2 above. In case of such termination the Organization shall immediately return to Takeda the portion of the Sponsorship Contribution that has not been expended, applied or committed for the purposes of the Sponsored Activities as at the date of such termination.