Funding Period and Termination Clause Examples

The 'Funding Period and Termination' clause defines the duration during which funding will be provided under the agreement and outlines the conditions under which the agreement may be ended. Typically, it specifies the start and end dates for funding, as well as the procedures or events—such as breach, mutual agreement, or completion of objectives—that can trigger early termination. This clause ensures both parties are clear on the timeframe for financial support and the circumstances that could lead to the agreement's conclusion, thereby managing expectations and reducing the risk of disputes.
Funding Period and Termination. 17.1. The Commissioner does not commit to renew or continue financial support to the Recipient after the Funding Period.
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Funding Period and Termination. 2.10.1 The Commissioner does not commit to renew or continue financial support to the Recipient after the Funding Period. 2.10.2 The Commissioner may terminate this Agreement forthwith by serving a written notice on the Recipient if: a) the grant or any part of it is being used for any purpose other than the purpose set out in this Agreement; b) The Recipient has made any false, incorrect or misleading statement in order to obtain this grant or has been involved in any illegal activity or improper act in its administration; c) The Recipient has failed to remedy any breach of this Agreement within 28 days (or such other period as the Commissioner agrees in writing) of being served with a notice pointing out the breach requiring its rectification
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Funding Period and Termination. 14.1 The Authority does not commit to renew the Contract or continue to support the Sponsor beyond the Duration. 14.2 The Authority may terminate this Contract forthwith by serving a written notice on the Sponsor if the Sponsor is in breach of its obligations arising from this Contract and has failed to remedy the situation to the satisfaction of the Authority. 14.3 Notwithstanding Clause 14.2 above, this Contract may be terminated by either Party, in whole or part, giving the other at least three (3) Months (or other time period as may be agreed) notice in writing. 14.4 With reference to Clause 14.3 above, in the event that the Authority exercises its right to give notice of termination under this Contract, the Authority shall reimburse the Sponsor for any commitments, liabilities or expenditure which represent an unavoidable direct loss to the Sponsor by reason of the termination of the Contract, provided that the Sponsor takes all reasonable steps to mitigate such loss. 14.5 The Sponsor shall submit a fully itemised and costed list of unavoidable direct loss(es) which it would seek to recover from the Authority, with supporting evidence, of loss(es) reasonably and actually incurred by the Sponsor as a result of a termination by the Authority in accordance with Clause 14.3. 14.6 Any payment due under Clauses 14.4 and 14.5 will be made within thirty (30) Days from receipt of a correctly submitted invoice(s) but in any case, solely upon completion to the Authority’s satisfaction, and at the Sponsor’s sole cost, of any reasonable investigation required by the Authority of the costs detailed within the invoice(s). The Authority agrees that any such investigation shall be carried out as soon as reasonably practicable. 14.7 The right to reimbursement shall be excluded if termination of the Contract is enacted under the provisions set out in Clause 14.2 above or where the Sponsor has exercised its rights with reference to Clause 14.3. 14.8 The Authority may at any time serve notice upon the Sponsor requiring it to cease using a particular sub-contractor or any individual acting on its behalf; the Authority will only do so where it has reasonable grounds to object to the continued use of such a sub-contractor or individual. Any such notice will be cognisant of the terms of Sponsor’s sub- contract and, where appropriate, the need for an alternative to be provided. 14.9 Any termination of this Contract will be without prejudice to any other rights or remedies of t...
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Funding Period and Termination. 17.1. The PCC does not commit to renew or continue financial support to the Recipient after the Funding Period. 17.2 The PCC may terminate this Agreement forthwith by serving a written notice on the Recipient if:- a) the grant or any part of it is being used for any purpose other than the purpose set out in this Agreement; b) The Recipient has made any false, incorrect or misleading statement in order to obtain this grant or has been involved in any illegal activity or improper act in its administration; c) The Recipient has failed to remedy any breach of this Agreement within 28 days (or such other period as the PCC agrees in writing) of being served with a notice pointing out the breach requiring its rectification. 17.3 The Recipient may terminate this Agreement forthwith by serving a notice on the PCC in writing if it has made a written request for payment of a sum properly due to it under this Agreement and the PCC has failed to make payment of that sum within 28 days of receiving the request. 17.4 Notwithstanding Clauses 17.2 and 17.3 above, this Agreement may be terminated by either party giving the other at least three months (or other agreed time period) months notice in writing. 17.5 With reference to 17.4 above, in the event that either party exercises its right to give notice of termination under this Agreement, the PCC will reimburse the Recipient in relation to expenditure reasonably estimated and actually incurred in providing services within the scope of this Agreement up until the effective date of termination. The right to reimbursement can be excluded if termination of the agreement is enacted under the provisions set out in Clause 17.2 above. 17.6 Any termination of this Agreement will be without prejudice to any other rights or remedies of the parties under this Agreement or at law and will not affect any accrued rights or liabilities of the parties at the date of termination.’
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Funding Period and Termination. 17.1. The Authority does not commit to renew or continue financial support to the Recipient after the Funding Period.
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Funding Period and Termination. 14.1 The Authority does not commit to renew the Contract or continue to support the Sponsor beyond the Duration. 14.2 The Authority may terminate this Contract forthwith by serving a written notice on the Sponsor if the Sponsor is in breach of its obligations arising from this Contract and has failed to remedy the situation to the satisfaction of the Authority. 14.3 Notwithstanding Clause 14.2 above, this Contract may be terminated by either Party, in whole or part, giving the other at least three (3) Months (or other time period as may be agreed) notice in writing. 14.4 With reference to Clause 14.3 above, in the event that the Authority exercises its right to give notice of termination under this Contract, the Authority shall reimburse the Sponsor for any commitments, liabilities or expenditure which represent an unavoidable direct loss to the Sponsor by reason of the termination of the Contract, provided that the Sponsor takes all reasonable steps to mitigate such loss. 14.5 The Sponsor shall submit a fully itemised and costed list of unavoidable direct loss(es) which it would seek to recover from the Authority, with supporting evidence, of loss(es) reasonably and actually incurred by the Sponsor as a result of a termination by the Authority in accordance with Clause 14.3. 14.6 Any payment due under Clauses 14.4 and 14.5 will be made within thirty
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Funding Period and Termination. 13.1 The PCC does not commit to renew or continue financial support to the Recipient after the Funding Period. 13.2 This Agreement may be terminated by either party giving the other at least three months notice in writing 13.3 The PCC may terminate this Agreement forthwith by serving a written notice on The Recipient if: 1. The Grant or any part of it is being used for any purpose other than the Purpose set out in this Agreement; and/or 2. The Recipient has made any false, incorrect or misleading statement in order to obtain this grant or has been involved in any illegal activity or improper act in its administration;and/or 3. The Recipient has failed to remedy any breach of this Agreement within 28 days (or such other period as the PCC agrees in writing) of being served with a notice pointing out the breach requiring its rectification;and/or 4. The source of funding to the PCC is changed or terminated. 13.4 Any termination of this Agreement will be without prejudice to any other rights or remedies of the parties under this Agreement or at law and will not affect any accrued rights or liabilities of the parties at the date of termination. 13.5 If one of the Parties commits a serious breach of its obligations under this Contract, then the other Party may, without prejudice to any accrued rights or remedies, terminate this Contract by a calendar month’s notice in writing.
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Related to Funding Period and Termination

  • Effective Period and Termination The Servicer’s appointment as custodian shall become effective as of the Cutoff Date and shall continue in full force and effect until terminated pursuant to this Section 2.9. If the Servicer shall resign as Servicer under Section 7.6, or if all of the rights and obligations of the Servicer shall have been terminated under Section 8.1, the appointment of the Servicer as custodian hereunder may be terminated (i) by the Trust, with the consent of the Indenture Trustee, (ii) by the Holders of Notes evidencing not less than 25% of the Note Balance of the Controlling Class or, if the Notes have been paid in full, by the Holders of Certificates evidencing not less than 25% of the aggregate Certificate Percentage Interest or (iii) by the Owner Trustee, with the consent of the Holders of Notes evidencing not less than 25% of the Note Balance of the Controlling Class, in each case by notice then given in writing to the Depositor and the Servicer (with a copy to the Indenture Trustee and the Owner Trustee if given by the Noteholders or the Certificateholders). As soon as practicable after any termination of such appointment, the Servicer shall deliver, or cause to be delivered, the Receivable Files and the related accounts and records maintained by the Servicer to the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee, as the case may be, at such place as the Indenture Trustee may reasonably designate or, if the Notes have been paid in full, at such place as the Owner Trustee may reasonably designate.

  • EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT This Contract shall become effective upon its execution, and shall remain in full force and effect continuously thereafter (unless terminated automatically as set forth in Section 4) until terminated as follows: (a) Either party hereto may at any time terminate this Contract by not more than sixty days' written notice delivered or mailed by registered mail, postage prepaid, to the other party, or (b) If (i) the Trustees of the Trust or the shareholders by the affirmative vote of a majority of the outstanding shares of the Fund, and (ii) a majority of the Trustees of the Trust who are not interested persons of the Trust or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval, do not specifically approve at least annually the continuance of this Contract, then this Contract shall automatically terminate at the close of business on the second anniversary of its execution, or upon the expiration of one year from the effective date of the last such continuance, whichever is later; provided, however, that if the continuance of this Contract is submitted to the shareholders of the Fund for their approval and such shareholders fail to approve such continuance of this Contract as provided herein, the Manager may continue to serve hereunder in a manner consistent with the Investment Company Act of 1940 and the rules and regulations thereunder. Action by the Trust under (a) above may be taken either (i) by vote of a majority of its Trustees, or (ii) by the affirmative vote of a majority of the outstanding shares of the Fund. Termination of this Contract pursuant to this Section 5 shall be without the payment of any penalty.

  • EFFECTIVE AND TERMINATING DATES A) This Agreement shall be effective from and shall remain in force and be binding upon the parties until and thereafter until a new Agreement has been ratified. B) The operation of Subsection 2 of Section 50 of the Labour Relations Code of British Columbia (or any succeeding Acts) is specifically excluded from this Agreement. C) All terms of this Agreement shall come into effect at 0001 hours on the dates stipulated within the Agreement.

  • EFFECTIVE PERIOD AND TERMINATION OF THIS AGREEMENT (a) This Agreement shall not become effective until such time as it is fully executed by all parties hereto (the "Effective Date"). Subject to any early termination provisions below, this Agreement shall continue in full force and effect as to the Fund for a period of five years from the Effective Date. (b) Notwithstanding the foregoing, if (i) the Trustees of the Trust or the shareholders by the affirmative vote of a majority of the outstanding shares of the Fund, and (ii) a majority of the Trustees of the Trust who are not interested persons of the Trust or of the Adviser or of the Subadviser, by vote cast in person at a meeting called for the purpose of voting on such approval, do not specifically approve at least annually the continuance of this Agreement, then this Agreement shall automatically terminate at the close of business on the second anniversary of the Effective Date, or upon the expiration of one year from the effective date of the last such continuance, whichever is later. This Agreement may continue in effect following the fifth anniversary of the Effective Date only so long as such continuance is approved in accordance with applicable law. (c) Notwithstanding the foregoing, if the continuance of this Agreement is submitted to the shareholders of the Fund for their approval and such shareholders fail to approve such continuance of this Agreement as provided herein, the Subadviser may continue to serve hereunder in a manner consistent with the 1940 Act and the rules and regulations thereunder. (d) The Trust may at any time terminate this Agreement upon 60 days prior written notice delivered or mailed by registered mail, postage prepaid, to the Adviser and the Subadviser. Action by the Trust to effect such termination may be taken either (i) by vote of a majority of its Trustees, or (ii) by the affirmative vote of a majority of the outstanding shares of the Fund. (e) Either the Adviser or the Subadviser may at any time terminate this Agreement by not less than 60 days' written notice delivered or mailed by registered mail, postage prepaid, to the other party and the Fund. (f) Termination of this Agreement pursuant to this Section 5 shall be without the payment of any penalty by the Fund. Neither the Adviser nor the Trust shall use or refer in any way to the name of the Subadviser following the termination of this Agreement without the Subadviser's consent, except as may be required by law.

  • Effective Date and Termination Date The term of this SCIA shall commence on the Effective Date indicated on page 1 above and terminate on December 31, 2024, unless sooner terminated or extended as provided for below.