Common use of Closure and Dissolution Clause in Contracts

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ closure requirements and policies; and e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHE or transfer to donors or grantors, such assets will become the property of the Authorizer.

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ Managing all financial records FRQVLVWHQW ZLWK WKH $XWKR closure requirements and policies; and e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHE assets remain after paying the Charter SchooOȇV GHEWV DQG REOLJDWLRQV DQG or transfer to donors or grantors, such assets will become the property of the Authorizer.

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ closure FRQVLVWHQW ZL requirements and policies; and e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body Board shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV KDUWrHeqUu iri6ngFreKtuRrnROȇV GHE or transfer to donors or grantors, such assets will become the property of the Authorizer.

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ Managing all financial records consistent with the Authorizer’s school closure requirements and policies; and e. Disposal of school assets in accordance with the Act Act, this Agreement and this Agreementthe Charter School’s Articles of Incorporation and Bylaws. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHE assets remain after paying the Charter School’s debts and obligations and not requiring return or transfer to donors or grantors, such assets will become the property of the Authorizer.

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ closure FRQVLVWHQW ZL requirements and policies; and e. Disposal of school assets in accordance with the Act Act, this Agreement and this Agreement. the &KDUWHU 6FKRROȇV $UWLFOHV RI ΖQFRUSRUDWLRQ DQ The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ assets remain DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHE GHEWV DQG or transfer to donors or grantors, such assets will become the property of the Authorizer.

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ FRQVLVWHQW closure requirements and policies; and e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHE or transfer to donors or grantors, such assets will become the property of the Authorizer.

Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to: a. Timely notification of parents and teachers of the closure decision; b. Securing student records and transferring them to the LEA in which the Charter School is located; c. Assisting in placing students in appropriate schools; d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQ closure FRQVLVWHQW ZL requirements and policies; and e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and ▇▇-▇▇-▇▇▇. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body Board shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such DVVHWV UHPDLQ DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHE assets remain after paying the Charter SchoROȇV GHEWV DQG REOLJDWLRQV DQG or transfer to donors or grantors, such assets will become the property of the Authorizer.