Termination for VTP default Clause Samples

Termination for VTP default. Save as otherwise provided in this agreement, in the event of any default or failure on the part of the VTP to fulfill any of its obligations under this agreement, the state directorate may terminate this agreement by giving a thirty (30) days‟ notice in writing to VTP. The default referred to herein, shall include - 3.2.1 If VTP does not comply with the guidelines issued by DGE&T with respect to registration of VTP, registration and enrollment of candidates, training process, assessment process and any related process as mandated in the guidelines. 3.2.2 If the VTP colludes with assessor or assessing body or government officials and carries out or reports biased and incorrect information. 3.2.3 If it is discovered at any stage that VTP has furnished the false claims or provided misleading information, document, data or statement with respect to registration and enrollment of candidates, conduct of training or any other aspect related to the program. 3.2.4 If it determines at any time that representatives of VTP were engaged in corrupt, fraudulent, coercive or restrictive practices during the selection process or during the currency of this agreement and VTP has taken timely and appropriate remedial action, satisfactory to DGE&T. 3.2.5 VTP is adjudged insolvent or bankrupt or enters into any agreement with its creditors for relief of debt or takes advantage of any law for the benefit of debtors or is in the process of being liquidated, dissolved, wound up, amalgamated or reconstituted in a manner that would cause, in reasonable opinion of State Directorate, a material adverse effect. 3.2.6 VTP fails to comply with the award passed in the arbitration proceedings. 3.2.7 VTP fails to comply with the decisions of State Directorate.