Consequences114 Sample Clauses

Consequences114. (a) If a Party is expelled or retires from the Centre, the Party: (i) will cease to be a Party to this agreement; (ii) retains any rights it has, under Project Details to which it is a party, to beneficial ownership of Project IP [or 'Centre IP' of option 1(b) is selected] and a share of Net Commercialisation Income with respect to such Project IP [or 'Centre IP' of option 1(b) is selected], subject to the provisions of such Project Details; (iii) relinquishes all rights under this agreement other than those specified in clause 30.3(a)(ii); (iv) will cease to be a member of the Company115; (v) will cease to be a Project Party with respect to any Project, except any Project for which Third Party Project Agreement in force to which it remains a Party in which case it remains a Party in accordance with its terms; and (vi) will be relieved of its obligation to make further Contributions, other than Contributions required to be made under any Third Party Project Agreement in force to which it remains a Party. (b) The retirement or expulsion of any Party from the Centre: (i) will not affect the enforceability of any other obligations of that Party or rights against that Party accrued at that time; (ii) will not relieve the Party of the obligations imposed upon it under this clause 30 and clauses 6.2(b) (Provision of information to Company), 22 (Centre IP), 23 (Commercialisation), 26 (Indemnities), 31 (Effect of Termination), 33 (IP in Contract Material under Commonwealth Agreement), 34 (Commonwealth Confidential Information), 37 (Safe and ethical research), 38 (Privacy), 39.2 (Access to premises by Commonwealth) and 42 (Confidential Information); and (iii) will not relieve the remaining Parties of their obligations under this agreement and they shall continue to carry on the Activities and perform the terms of this agreement between them.
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Related to Consequences114

  • Consequences The consequences for the Contractor’s failure to implement its affirmative action plan or make a good faith effort to do so include, but are not limited to, suspension or revocation of a certificate of compliance by the Commissioner, refusal by the Commissioner to approve subsequent plans, and termination of all or part of this Contract by the Commissioner or the State.

  • Financial Consequences The Department reserves the right to impose financial consequences when the Contractor fails to comply with the requirements of the Contract. The following financial consequences will apply for the Contractor’s non-performance under the Contract. The Customer and the Contractor may agree to add additional Financial Consequences on an as-needed basis beyond those stated herein to apply to that Customer’s resultant contract or purchase order. The State of Florida reserves the right to withhold payment or implement other appropriate remedies, such as Contract termination or nonrenewal, when the Contractor has failed to comply with the provisions of the Contract. The Contractor and the Department agree that financial consequences for non-performance are an estimate of damages which are difficult to ascertain and are not penalties. The financial consequences below will be paid and received by the Department of Management Services within 30 calendar days from the due date specified by the Department. These financial consequences below are individually assessed for failures over each target period beginning with the first full month or quarter of the Contract performance and every month or quarter, respectively, thereafter. Deliverable Performance Metric Performance Due Date Financial Consequence for Non-Performance Contractor will timely submit completed Quarterly Sales Reports All Quarterly Sales Reports will be submitted timely with the required information Reports are due on or before the 30th calendar day after the close of each State fiscal quarter $250 per Calendar Day late/not received by the Contract Manager Contractor will timely submit completed MFMP Transaction Fee Reports All MFMP Transaction Fee Reports will be submitted timely with the required information Reports are due on or before the 15th calendar day after the close of each month $100 per Calendar Day late/not received by the Contract Manager

  • CONTRACT CONSEQUENCES In the case of a state contractor, contributions made or solicited in violation of the above prohibitions may result in the contract being voided. In the case of a prospective state contractor, contributions made or solicited in violation of the above prohibitions shall result in the contract described in the state contract solicitation not being awarded to the prospective state contractor, unless the State Elections Enforcement Commission determines that mitigating circumstances exist concerning such violation. The State shall not award any other state contract to anyone found in violation of the above prohibitions for a period of one year after the election for which such contribution is made or solicited, unless the State Elections Enforcement Commission determines that mitigating circumstances exist concerning such violation. Additional information may be found on the website of the State Elections Enforcement Commission, ▇▇▇.▇▇.▇▇▇/▇▇▇▇. Click on the link to “Lobbyist/Contractor Limitations.”

  • Consequences of non-compliance If a beneficiary breaches any of its obligations under this Article, the grant may be reduced (see Article 43). Such breaches may also lead to any of the other measures described in Chapter 6.

  • Termination Consequences In the event of this agreement being determined whether by effluxion of time Notice breach or otherwise: