Grounds for contract termination Sample Clauses

The "Grounds for contract termination" clause defines the specific circumstances under which either party may legally end the contract before its natural expiration. This clause typically outlines events such as material breach, insolvency, or failure to perform essential obligations as valid reasons for termination. By clearly listing these grounds, the clause provides both parties with a transparent framework for ending the agreement if certain conditions are met, thereby reducing uncertainty and helping to manage risk in the contractual relationship.
Grounds for contract termination. 6.1. The Lender has right to terminate the agreement and all relevant contracts and require from the borrower immediate repayment of the liabilities in case if: 6.1.1. The Borrower or any third parties involved in loan provisioning agreements or their legal representatives violate responsibilities taken towards the lender; 6.1.2. Financial position of the Borrower (or guarantor) deteriorates and will endanger due and proper execution of the responsibilities; 6.1.3. The Borrower provides wrong and false information to the lender; 6.1.4. Items presented as loan provision get destroyed, damaged or decrease in value. 6.1.5. The loan is not used for due purpose by the Borrower; 6.1.6. Equity of the Borrower sharply goes down; 6.1.7. The case indicated in point 5.7 occurs;
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Grounds for contract termination. This rural Land Lease Agreement may be terminated for the following reasons, namely: (a) Upon the failure of the Lessor to deliver the land to the Lessee due to causes other than force majeure. (b) Upon the failure of the Lessee to either undertake the work activity or develop in accordance with article 3.1 of this Lease Agreement. (c) Upon the failure of the Lessee to settle the annual rental payments for two consecutive years.
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Grounds for contract termination. A - This CONTRACT shall terminate for the common reasons as dictated by Spanish Law and for breach of the contractual obligations of this agreement.
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Related to Grounds for contract termination

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Contract Termination; Debarment A breach of the contract clauses in paragraph 1 through 10 of this section may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Termination for continuing Force Majeure Event Either Party may, by written notice to the other, terminate this Framework Agreement if a Force Majeure Event endures for a continuous period of more than one hundred and twenty (120) Working Days.

  • Termination for Catastrophe In event of Catastrophic Damage, this contract may be modified un- der B8.32, following rate redetermination under B3.32, or terminated under this Subsection. Such termination shall not be considered a termination under B8.34.

  • Early Contract Termination The State may terminate this contract in whole or in part by giving fifteen (15) days written notice to the Purchaser when it is in the best interests of the State. If this contract is so terminated, the State shall be liable only for the return of that portion of the initial deposit that is not required for payment, and the return of unapplied payments. The State shall not be liable for damages, whether direct or consequential.