The Research Council’s right of cancellation Sample Clauses

The Research Council’s right of cancellation. The Research Council may cancel the contract in the event of a material breach on the part of the Project Owner. Such a material breach includes among other things situations in which: • there are significant deviations in relation to the progress plan or other factors regulated in the contract; • the Project Owner has not fulfilled its obligations relating to reporting and archiving, including that the reporting provides an incorrect picture of the actual situation, cf. Sections 7 and 10, respectively; • the disbursed funds have not been applied in accordance with the contract; • research infrastructure has not been adequately insured and kept operational and in good working order during the contract period, cf. Section 9.1; • the Project Owner is engaged in activities which are not compatible with the current legislation or with the Research Council’s objectives and guidelines; • the Project Owner is unwilling or unable to complete the project. The Research Council may furthermore cancel the contract in the event that: • a person or undertaking outside the EEA assumes control of the Project Owner, and the terms set out under Section 9.2, final clause are met; • there is notification of a declaration of bankruptcy, or a petition for compulsory winding up or the opening of composition proceedings on the part of the Project Owner, or there is other compelling reason to believe that the Project Owner is insolvent; • a decision has been taken to close down the Project Owner’s activities or there is other compelling reason to believe that grounds exist for forced dissolution of the company; • key prerequisites underlying the contractual relationship are not fulfilled, such as the Research Council receives less funding than expected, or there are changes in public regulations or other unforeseen circumstances arise that will have a major impact on the implementation of the project or the Research Council’s ability to contribute to it, cf. Section 4.7.
Sample 1
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