Termination for Lack of Funder Payments Sample Clauses

Termination for Lack of Funder Payments. 1. NFP may terminate this Contract if one of more of the Funders fails to make a payment in the amount calculated in accordance with Annex A within 50 days after receiving notice of a Capital Call from the Children’s Trust.
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Termination for Lack of Funder Payments. (a) In the event of termination pursuant to Section VIII.B upon failure of one of more of the Funders to make its Funding Period 1 payment in accordance with Annex A: (i) the PFS Project shall not be initiated; (ii) Children’s Trust shall return any amount in the PFS Success Fund to SCDHHS within fourteen (14) days of such termination; and (iii) this Contract shall be terminated and shall be of no further force and effect. (b) Upon notification from Children's Trust of the failure of one or more of the Funders to make its payment in Funding Periods 2-8 in accordance with Annex A: (i) new enrollments of Project Participants shall be suspended; (ii) such Funder or Funders shall be removed from the Executive Committee; and (iii) the remaining members of the Executive Committee shall promptly convene to seek additional funding from alternate sources. If the Executive Committee secures adequate funding within sixty (60) days of the receipt of such notice from Children’s Trust, NFP shall re-commence enrolling Project Participants in accordance with this Contract, and the Executive Committee shall consider any amendments to this Contract to reflect such change in the funding schedule. In the event that the Executive Committee does not secure adequate funding within sixty (60) days of the receipt of such notice from Children’s Trust, the IAs will be paid for their services appropriately rendered to the enrolled Project Participants at the rate specified in the HV Pilot Waiver from the following sources, and in the following order: (x) payments due or received under the HV Pilot Waiver, provided that the average number of visits for all Enrolled Project Participants, including those visits received prior to termination, does not exceed twenty-four (24); (y) amounts held by Children's Trust in the Funders' Account; and (z) payments made from the PFS Success Fund in accordance with Annex H. To the extent such amounts are inadequate to cover such visits at the rate specified in the HV Pilot Waiver, the remaining Funders shall cover any such remaining service costs on a pro rata basis, and shall use their best efforts to bring forward funding from their future year commitments, if necessary. In addition, NFP shall prepare a wind-down budget, subject to revision and approval by the Executive Committee, which includes, but is not limited to: (1) an itemization of direct costs to ensure every Project Participant already enrolled can complete the NFP Program and (2) the fu...
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Termination for Lack of Funder Payments. (a) In the event of termination pursuant to Section VIII.B upon failure of one of more of the Funders to make its Funding Period 1 payment in accordance with Annex A: (i) the PFS Project shall not be initiated; LL &KTrLusOt sGhaUll HreQtur¶n Vany amount in the PFS Success Fund to SCDHHS within fourteen (14) days of such termination; and
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Related to Termination for Lack of Funder Payments

  • Termination for Non-Allocation of Funds Renegotiate the Contract under the revised funding conditions; or

  • Termination of Fund At any time following the first anniversary of the Closing Date, the Surviving Corporation shall be entitled to require the Paying Agent to deliver to it any funds (including any interest received with respect thereto) that had been made available to the Paying Agent and which have not been disbursed to holders of Certificates, and thereafter such holders shall be entitled to look only to Parent and the Surviving Corporation (subject to abandoned property, escheat or other similar Laws) as general creditors thereof with respect to the payment of any Merger Consideration that may be payable upon surrender of any Certificates held by such holders, as determined pursuant to this Agreement, without any interest thereon. Any amounts remaining unclaimed by such holders at such time at which such amounts would otherwise escheat to or become property of any Governmental Authority shall become, to the extent permitted by applicable Law, the property of Parent, free and clear of all claims or interest of any Person previously entitled thereto.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

  • Termination for Non-Appropriation of Funds Notwithstanding any other provision of this Contract, the County shall not be obligated for the Contractor’s performance hereunder or by any provision of this Contract during any of the County’s future fiscal years unless and until the County’s Board of Supervisors appropriates funds for this Contract in the County’s Budget for each such future fiscal year. In the event that funds are not appropriated for this Contract, then this Contract shall terminate as of June 30 of the last fiscal year for which funds were appropriated. The County shall notify the Contractor in writing of any such non-allocation of funds at the earliest possible date.

  • TERMINATION FOR CAUSE BY CITY 4.05.1 If Contractor defaults under this Agreement, the Director may terminate this Agreement after providing Contractor written notice and an opportunity to cure the default as provided below. The City’s right to terminate this Agreement for Contractor’s default is cumulative of all rights and remedies that exist now or in the future. Default by Contractor occurs if: 4.05.1.1 Contractor fails to perform any of its material duties under this Agreement; 4.05.1.2 Contractor becomes insolvent; 4.05.1.3 all or a substantial part of Contractor’s assets are assigned for the benefit of its creditors; or 4.05.1.4 a receiver or trustee is appointed for Contractor. 4.05.2 If a default occurs and the Director determines that the City wishes to terminate the Agreement, then the Director must deliver a written notice to Contractor describing the default and the proposed termination date, with a copy of the notice to the CPO. The date must be at least 30 days after Contractor receives notice. The Director, at his or her sole option, may extend the termination date to a later date. If Contractor cures the default before the proposed termination date, then the proposed termination is ineffective. If Contractor does not cure the default before the termination date, then the Director may terminate this Agreement on the termination date, at no further obligation of the City. 4.05.3 To effect final termination, the Director must notify Contractor in writing, with a copy of the notice to the CPO. After receiving the notice, Contractor shall, unless the notice directs otherwise, immediately discontinue all services under this Agreement and promptly cancel all orders or subcontracts chargeable to this Agreement.

  • Termination; Repayment The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

  • Termination for Nonpayment In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • Termination for Cause with Notice to Cure Requirement Contractor may terminate this contract for the Department’s failure to perform any of its duties under this contract after giving the Department written notice of the failure. The written notice must demand performance of the stated failure within a specified period of time of not less than 30 days. If the demanded performance is not completed within the specified period, the termination is effective at the end of the specified period.

  • Termination for fault 19.3.1 The Commonwealth may terminate this Agreement by notice where the Grantee has: (a) 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; (b) provided false or misleading statements in relation to the Grant; or (c) become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration. 19.3.2 The Grantee agrees, on receipt of the notice of termination, to: (a) stop the performance of the Grantee’s obligations; (b) take all available steps to minimise loss resulting from the termination; and (c) report on, and return any part of the Grant to the Commonwealth, or otherwise deal with the Grant, as directed by the Commonwealth.

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