Common use of When Parties Terminate Clause in Contracts

When Parties Terminate. 12.2.1 In the event of the termination of this Agreement: (a) the Recipient shall provide DIAND with Financial Reports within one hundred and twenty (120) days of the date of termination; (b) without limiting any other obligation under this Agreement to reimburse amounts to Canada, the Recipient shall reimburse to Canada any unexpended funding transferred to the Recipient, up to the termination date of this Agreement, unless the Recipient and Canada agree otherwise in writing; (c) subject to Canada's right to set off any amount owing to Canada under this Agreement, Canada shall pay to the Recipient any monies owed to the Recipient, up to the termination date of this Agreement, unless the Recipient and Canada agree otherwise in writing; and (d) the Recipient shall fulfill any other obligation relating to termination set out in any Schedule.

Appears in 4 contracts

Samples: Funding Agreement, Funding Agreement, Funding Agreement

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