Termination on Occurrence of State Events Clause Samples

The 'Termination on Occurrence of State Events' clause allows a contract to be ended automatically or at the discretion of a party if certain significant events related to a state or government entity occur. These events might include changes in law, government intervention, or regulatory actions that materially affect the contract's performance or legality. By including this clause, parties can protect themselves from unforeseen governmental or legal changes that could make fulfilling the contract impractical or impossible, thereby allocating risk and ensuring flexibility in the face of external disruptions.
Termination on Occurrence of State Events. This Contract shall terminate automatically on the occurrence of any of the following events: 1. Bankruptcy or insolvency of Contractor 2. Death of Contractor
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Termination on Occurrence of State Events. This agreement shall terminate automatically on the occurrence of any of the following events:
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Related to Termination on Occurrence of State Events

  • Termination on Change of Control and Insolvency 25.1 The Authority may terminate the Contract with immediate effect by notice in writing where the Contractor is the subject of proceedings under the Insolvency ▇▇▇ ▇▇▇▇. 25.2 The Contractor shall notify the Authority immediately if the Contractor undergoes a change of control within the meaning of section 416 of the Income and Corporation Taxes Act 1988 ("change of control"). The Authority may terminate the Contract by notice in writing with immediate effect within six (6) Months of: 25.2.1 being notified that a change of control has occurred; or 25.2.2 where no notification has been made, the date that the Authority becomes aware of the change of control, but shall not be permitted to terminate where an approval was granted prior to the change of control.

  • Termination on Notice The Province may terminate the Agreement at any time without liability, penalty, or costs upon giving at least 30 days’ Notice to the Recipient.