Termination in Certain Circumstances a. Australian Internships will endeavour to secure the most suitable internship opportunity available for the intern based on their skills and training requirements, once an internship has been secured through a formal offer from a Host Organisation or in the form of a Training Agreement it is expected that the intern will accept the opportunity. Should the intern decline the opportunity without reasonable cause Australian Internships may terminate the agreement by giving notice to the intern. Invalid reasons for rejecting or cancelling an internship are set out in clause 13.4.
Termination in Certain Circumstances. If the Trustee suspends or limits redemptions and initiates liquidation of the Fund as a result of redemptions, the Trustee will: (i) determine that the extent of the difference between the Fund’s amortized cost per Unit and its mark-to-market net asset value may result in material dilution of Units or other unfair results to Participating Plans; (ii) formally approve the liquidation of the Fund; and (iii) facilitate the fair and orderly liquidation of the Fund to the benefit of all Participating Plans in accordance with the Trust. RESTRICTIONS ON WITHDRAWALS Although the Fund does not impose any liquidity gates, as more fully described in the Trust, the Trustee may at any time, in its sole discretion, withhold payment on any distribution or withdrawal to the extent necessary to meet liquidity demands on the Fund, or to otherwise reduce or eliminate the potential for an unfair result or adverse impact on the Fund and its Participating Plans where the Trustee has determined, in its sole discretion, that such action is in the best interest of the Trust and the Participating Plans as a whole. Advance notice is requested for any Plan Sponsor directed withdrawal that will exceed $1,000,000. LIQUIDATING ACCOUNTS The Trustee, in its discretion, may segregate in a separate Liquidating Account any investment of the Fund that the Trustee deems advisable to so segregate for distribution in kind to, or liquidation for the account of, those trusts that are Participating Plans as of the date of segregation, together with cash sufficient to pay any estimated expenses specifically allocable to the Liquidating Account, including, but not limited to, the cost of prosecuting or defending any claims by, on behalf of, or against the Fund or the Trustee with respect to the investment. The Trustee, in its discretion, shall determine the period during which the Trustee may continue to hold any such assets in a Liquidating Account. Each Liquidating Account shall be maintained and administered solely for the ratable benefit of the Participating Plans whose cash, securities, or other assets have been transferred thereto or deposited therein, and each Participating Plan whose cash, securities, or other assets have been transferred to or deposited in such Account shall have a beneficial interest therein equal to the portion of such account represented by the value of such assets so transferred or deposited. No further contributions shall be made to any Liquidating Account after its es...
Termination in Certain Circumstances. Notwithstanding any other provision in this Agreement:
Termination in Certain Circumstances. Notwithstanding Section 9.01, if (i) the Trust Property is in jeopardy of being foreclosed upon due to a default on the Loan or if there is otherwise an event of default under the Loan Documents beyond any applicable notice and cure period, (ii) the Loan is not repaid in full three (3) months prior to the stated maturity date of the Loan, (iii) the Trust Property or any portion thereof is subject to a casualty, condemnation or similar event, and upon any such event that is not adequately compensated for through insurance or otherwise, (iv) the Signatory Trustee determines that the Investors are at risk of losing all or a substantial portion of their investment in the Interests, (v) so long as any portion of the Loan remains outstanding, any event occurs that causes the Signatory Trustee to cease to be the Signatory Trustee of the Trust unless a replacement acceptable to Lender has been appointed, or (vi) so long as any portion of the Loan remains outstanding, any event resulting in the dissolution, liquidation, winding up or termination of the Trust occurs other than in accordance with the terms and conditions of the Loan Documents, and the Signatory Trustee is prohibited from taking actions to cure or mitigate the events described in clauses (i), (ii), (iii), (iv), (v) or (vi) above by reason of the restrictions set forth in Section 7.03 hereof, the Signatory Trustee shall, in compliance with such conditions precedent and other requirements as may be set forth in the Loan Documents (if still in force), terminate the Trust and distribute the Trust Property to the Investors in the manner provided in Section 9.03.
Termination in Certain Circumstances a. PEPA and Australian Internships will endeavour to secure the most suitable internship opportunity available for the intern based on their skills and training requirements, once an internship has been secured through a formal offer from a Host Organisation or in the form of a Training Agreement it is expected that the intern will accept the opportunity. Should the intern decline the opportunity without reasonable cause PEPA and Australian Internships may terminate the agreement by giving notice to the intern. Invalid reasons for rejecting or cancelling an internship are set out in clause 13.4.
