Common use of Alberta Innovates’ Right to Terminate Funding Clause in Contracts

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant to provide a summary Report as set out below. Alberta Innovates will notify the Applicant of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the Applicant, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant to provide a summary Report as set out below. Alberta Innovates will notify the Applicant of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the Applicant, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Alberta Applicant to provide a summary Report as set out below. Alberta Innovates will notify the Alberta Applicant of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the Alberta Applicant, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and Associate to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and Associate of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and Associate, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and Service Provider to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and Service Provider of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and Service Provider, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and the Associate to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and the Associate of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and the Associate, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and Service Provider to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and Service Provider of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and Service Provider, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under un der this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding fun ding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and the Associate to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and the Associate of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and the Associate, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon up on delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces red uces or terminates funding fun ding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant to provide a summary Report as set out below. Alberta Innovates will notify the Applicant of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the Applicant, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right theright to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding f unding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant to provide a summary Report as set out below. Alberta Innovates will notify notif y the Applicant of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the Applicant, and Alberta Innovates’ obligation to make any further f urther payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default Def xxxx or a Change Xxxxx e of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Alberta Applicant to provide a summary Report as set out below. Alberta Innovates will notify the Alberta Applicant of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the Alberta Applicant, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and Service Provider(s) to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and Service Provider(s) of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and Service Provider(s), and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where:

Alberta Innovates’ Right to Terminate Funding. Notwithstanding any other term of this Investment Agreement, Alberta Innovates may terminate its obligations under this Investment Agreement immediately or at any time during the Term in the event the Government of Alberta at any time suspends, revokes, reduces or terminates funding to Alberta Innovates. In such event this Investment Agreement shall terminate immediately subject to the obligation of the Applicant and Associate to provide a summary Report as set out below. Alberta Innovates will notify the Applicant and Associate of such suspension as soon as is reasonably practicable. Notwithstanding any other terms of this Investment Agreement, Alberta Innovates may terminate this Investment Agreement at any time without cause on thirty (30) days’ written notice to the ApplicantApplicant and Associate, and Alberta Innovates’ obligation to make any further payments of the Investment shall cease upon delivery of such notice. Alberta Innovates additionally has the right to unilaterally terminate the Investment for any Project that incurs a Default or a Change of Control. However, Alberta Innovates will not terminate the Investment in the case of a Change of Control where: