Project Cancellation Clause Samples
The Project Cancellation clause defines the terms and conditions under which a project may be terminated before its completion. Typically, this clause outlines the procedures for notifying the other party, any required notice periods, and the financial or legal consequences of cancellation, such as payment for work completed or reimbursement of expenses. Its core practical function is to provide a clear framework for ending a project early, thereby managing expectations and reducing disputes if cancellation becomes necessary.
POPULAR SAMPLE Copied 95 times
Project Cancellation. (A) Within fifteen (15) Business Days of any Project becoming a Cancelled Project pursuant to any of clause (a), (c), (e), or (f) of the definition of Cancelled Project, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined without including such Cancelled Project.
(B) Within fifteen (15) Business Days of any Project becoming a Cancelled Project pursuant to either of clauses (b) or (d) of the definition of Cancelled Project, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined without giving effect to the applicable Power Purchase Agreement (in the case of a Cancelled Project pursuant to clause (b) of the definition thereof) or Permitted Tax Equity Arrangement (in the case of a Cancelled Project pursuant to clause (d) of the definition thereof), and following such prepayment such Project shall cease to constitute a Cancelled Project for all purposes hereunder; provided, further, that in the case of a Cancelled Project pursuant to clause (b) of the definition thereof, (1) with respect to any such Project for which merchant cash flows are contemplated, the Borrower shall deliver to the Administrative Agent as of the date of such prepayment a copy of the merchant curve generated by the Market Consultant and utilized for preparing the updated Base Case Model delivered pursuant to Section 6.01(d) and (2) if as a result of such event, one or more of the Concentration Limits are not satisfied and such failure to satisfy such Concentration Limit is not cured by the earlier of (aa) the date that is the last Business Day of the full Fiscal Quarter following the Fiscal Quarter in which Project initially became a Cancelled Project and (bb) the Maturity Date, the Borrower shall prepay, or cause to be prepaid, an amount equal to the aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to cause the Borrower to be in compliance with the Concentration Limits as of the date of such prepayment, as determined with reference to the Maximum Loan Amount as of the date of such prepayment, calculated and determined without giving effect to the Bo...
Project Cancellation. Approved projects may be canceled for one or more of the following reasons:
A. The City requests project cancellation.
B. The City fails to pursue project work in a timely fashion or fails to adequately pursue project objectives.
C. Project work is found not to be in conformance with conditions as stated in the grant agreement and appendices.
Project Cancellation. EH!tel reserves the right to cancel any Project Segment at its sole discretion. EH!tel will notify the Customer 30 days in advance, of its intend to cancel the contract. If a remedy can not be reached at 30 days, EH!tel will notify the Customer of the cancellation, and the Contract will be null and void.. If EH!tel is unable to complete the installation by December 31st of the year following the Calendar year this Contract is accepted, the contract becomes null and void, unless both the Customer and EH!tel agree to extend the Contract through an Addendum.
Project Cancellation. If the Extension Project is canceled or modified so as to eliminate the necessity for the Underground Facilities Project and/or the Overhead Facilities Project, ANAHEIM will notify SCE in writing. Thereafter, the parties will meet and confer to discuss an amendment to this Agreement that shall provide for winding up of the work. SCE agrees to cease all work under this Agreement on or before the effective date of any such notice. If ANAHEIM seeks such an amendment of this Agreement due to no fault or failure of performance by SCE, then SCE shall be paid based on the work satisfactorily performed at the time of termination. In addition, the Amendment shall provide that ANAHEIM shall pay for the actual costs of SCE for restoring or relocating its facilities (both overhead and underground) to the position they were in prior to the commencement of work. Such costs shall include but not to be limited to the cost of labor and materials.
Project Cancellation. If the project is cancelled, Welocalize will promptly notify the Supplier. The Supplier may invoice Welocalize solely for the amount of work that has been approved and completed when the written cancellation was received. A written cancellation may reach the Supplier via post, overnight delivery service, fax or electronic mail.
Project Cancellation. 1. In case of withdrawal of the International Visegrad Fund from the Contract of Financial Resources from the International Visegrad Fund, drawn up in Bratislava on March 9, 2021, concluded between RC SFPA and International Visegrad Fund, IIR is obliged to send back unspent resources and Financial Report within 15 days from delivering the written notice from RC SFPA.
Project Cancellation. If the Funding Recipient is made aware that the Project (or part of the Project) will not be progressing, the Funding Recipient agrees to notify Council immediately. If: the Project is cancelled in its entirety before it commences and the Funding Recipient has received the Funding Amount, the Funding Recipient must refund Council the full Funding Amount, within 30 days of cancellation; the Project is cancelled in part only and the Funding Recipient has received the Funding Amount, the Funding Recipient will refund Council a pro-rata amount of the Funding Amount corresponding to the Funding Amount for which Council has not received value, within 30 days of cancellation; or the Project is cancelled in its entirety or in part only and the Funding Recipient has not received the Funding Amount, Council will not be required to pay the Funding Amount to the Funding Recipient.
Project Cancellation. If in any event the Project stops for more than 1 month the Project will be considered “dead” and cancelled. This contract will end and no refund will be issued.
Project Cancellation. If a project is terminated before completion, the Client will compensate SOAP for all fees and expenses incurred by SOAP up to the date of termination. SOAP may request the Client to conduct a final proofing and checking of any material (whether written, graphic or otherwise) produced by SOAP in the course of performing work for the Client from time to time, and confirm to SOAP whether the Client finally approves such material or, alternatively, requires SOAP to carry out further work on such material. In such case the Client shall complete such proofing and checking, and provide such confirmation to SOAP, in an efficient and timely manner and where the Client fails to do so within seven days of SOAP’s request the Client shall be deemed to have finally approved the relevant material. The Client assumes sole and entire responsibility for, and indemnifies and saves harmless SOAP from, any and all losses, expenses or damages which the Client may suffer as a result of any spelling, grammatical, typographical, graphical, colour or other errors or issues whatsoever which are present in any such material following the Client’s final approval of such material. All intellectual property conceived, discovered, developed, made, perfected, improved, modified or altered by SOAP in the course of scoping, pitching or performing work for the Client (other than trade marks owned by the Client), whether alone or in conjunction with the Client or any other parties or capable of being patented or registered or not, shall be the absolute property of SOAP, may be exploited or used by SOAP in any manner in SOAP’s absolute discretion, and shall not be used by the Client except pursuant to these Terms or as otherwise agreed in writing by SOAP. Upon (but not before) the Client making payment in full of an invoice presented by SOAP, together with any other amounts owing to SOAP by the Client at any time prior to the date of payment of such invoice, the intellectual property in any printed or digital material to which that invoice relates shall become the Client’s absolute property, provided that SOAP reserves the right to use any material, concepts or intellectual property created for the Client, and which is in the public domain, for SOAP’s own marketing purposes, and provided further that all intellectual property in and relating to concepts developed by SOAP in the course of scoping, pitching or performing work for the Client, but not selected or accepted by the Client or not for...