Common use of Termination of Other Funding Agreement Clause in Contracts

Termination of Other Funding Agreement. (a) If the Rail Study is a Pre-feasibility Study and an Other Funding Agreement terminates under clause 2 of that agreement, then for the purposes of this Agreement: (i) that Other Funding Agreement will cease to be an Other Funding Agreement; and (ii) the Other Study Funder under that Other Funding Agreement will cease to be an Other Study Funder (including for the purposes of the definition of “All Study Funders”) on and from the date of termination of that Other Funding Agreement. (b) If an Other Funding Agreement terminates under clause 2 of that agreement, and for the purposes of this Agreement there will not be any remaining Other Funding Agreements, the Study Funder may terminate this Agreement unilaterally, if: (i) there is no Other Funding Agreement on terms the same as, or substantially similar to, this Agreement; (ii) the Study Funder elects not to fund the study in its entirety; and (iii) no other party enters into an Other Funding Agreement on terms the same as, or substantially similar to, this Agreement.

Appears in 3 contracts

Samples: Studies Funding Agreement, Studies Funding Agreement, Studies Funding Agreement

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Termination of Other Funding Agreement. (a) If IfIf the Rail Study is a Pre-feasibility Study and an Other Funding Agreement terminates under clause 2 22 of that agreement, then for the purposes of this Agreement: (a) (i) that Other Funding Agreement will cease to be an Other Funding Agreement; and (b) (ii) the Other Study Funder under that Other Funding Agreement will cease to be an Other Study Funder (including for the purposes of the definition of “All Study Funders”) on and from the date of termination of that Other Funding Agreement.]. (b) [If an Other Funding Agreement terminates under clause 2 of that agreement, and for the purposes of this Agreement there will not be any remaining Other Funding Agreements, the Study Funder may terminate this Agreement unilaterally, if: (i) there is no Other Funding Agreement on terms the same as, or substantially similar to, this Agreement; (ii) the Study Funder elects not to fund the study in its entirety; and and (iii) no other party enters into an Other Funding Agreement on terms the same as, or substantially similar to, this Agreement.terms

Appears in 1 contract

Samples: Funding Agreement

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