Termination of the Charter Sample Clauses

Termination of the Charter. The Sponsor may choose to terminate this Charter for any of the following reasons: (1) failure to meet student performance requirements stated in this Charter, (2) failure to meet generally accepted standards fiscal management, (3) violation of any provision of this Charter or applicable state or federal law, or (4) other good cause. Additionally, if the Sponsor has suspended the operation of this Charter under R.C. 3314.072, the Sponsor may choose to terminate this Charter prior to its expiration. By January 15th of the termination year of this Charter, the Sponsor shall notify the School Governing Authority of the proposed action in writing. The notice shall include the reasons for the proposed action in detail, the effective date of the termination, and a statement that the School Governing Authority may, within fourteen (14) days of receiving the notice, request, in writing, an informal hearing before the Sponsor. The informal hearing shall be held within fourteen (14) days of the receipt of a request for the hearing. Within fourteen (14) days following the informal hearing, the Sponsor shall issue a written decision either affirming or rescinding the decision to terminate this Charter. The termination of this Charter shall be effective upon the occurrence of the later of the following events: (a) ninety (90) days following the date the Sponsor notifies the School Governing Authority of its decision to terminate this Charter as provided for above; or (b) if an informal hearing is requested and as a result of that hearing the Sponsor affirms its decision to terminate this Charter, the effective date of the termination specified in the notice. If this Charter is terminated for failure to meet student performance requirements stated in the contract or for failure to meet generally accepted standards of fiscal management , then the School Governing Authority shall not enter into a charter with any other Sponsor.
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Termination of the Charter. On the Closing Date, the Charter will be canceled, without any further acts of the parties. On the Closing Date, the President Group shall deliver to the AGEL Group an agreement, in the form attached hereto as Exhibit F, pursuant to which President Mississippi Charter

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