Statutory Grounds for Revocation Clause Samples
The Statutory Grounds for Revocation clause defines the specific legal reasons, as established by statute, under which a right, license, or agreement may be revoked. In practice, this clause outlines circumstances such as fraud, misrepresentation, or failure to comply with statutory requirements that can trigger revocation. Its core function is to ensure that all parties are aware of the legal bases for revocation, thereby providing clarity and reducing the risk of disputes over the validity or continuation of the agreement.
Statutory Grounds for Revocation. In addition to the grounds for an automatic revocation of the Contract as set forth in Section 10.7, this Contract may also be revoked by the University Board upon a determination by the University Board, pursuant to the procedures set forth in Section 10.6, that one or more of the following has occurred:
a) Failure of the Academy to demonstrate improved pupil academic achievement for all groups of pupils or meet the educational goals set forth in this Contract;
b) Failure of the Academy to comply with all Applicable Law;
c) Failure of the Academy to meet generally accepted public sector accounting principles and demonstrate sound fiscal stewardship; or
d) The existence of one or more other grounds for revocation as specified in this Contract.
Statutory Grounds for Revocation. This Charter may be revoked prior to expiration of the initial term or any renewal term by the University upon a determination that one (1) or more of the following has occurred:
(i) Failure of the Charter School to begin school operations and have students in attendance by the dates specified in this Charter;
(ii) The Charter school has insufficient enrollment to successfully operate a charter school, or the Charter School has lost more than fifty percent (50%) of its student enrollment from the previous academic year;
(iii) Failure of the Organizer to comply with any of the terms and conditions established in this Charter;
(iv) Any of the representations made in this Charter was not true when made;
(v) Failure of the Charter School to achieve the level of academic, financial, or organizational performance required by the University in the Accountability Framework;
(vi) Failure of the Organizer to comply with all Applicable Laws;
(vii) The Charter School was placed into the lowest category or designation created by the Indiana Department of Education under Indiana Code 20- 31-8-1 et seq. and has continuously remained in that category or designation for five (5) consecutive years; and/or
(viii) Failure of the Organizer to follow generally accepted government accounting principles.
Statutory Grounds for Revocation. In addition to the other grounds for revocation in Section 10.2 and the automatic revocation in Section 10.3 of these Terms and Conditions, the University Board may revoke this Contract, pursuant to the procedures set forth in Section 10.6, upon a determination by the University Board in its sole and absolute discretion that one or more of the following has occurred:
(a) Failure of the Academy to demonstrate improved pupil academic achievement for all groups of pupils or meet the educational goals and related measures set forth in this Contract;
(b) Failure of the Academy to comply with all Applicable Law;
(c) Failure of the Academy to meet generally accepted public sector accounting principles and demonstrate sound fiscal stewardship; or
(d) The existence of one or more other grounds for revocation as specified in this Contract.
Statutory Grounds for Revocation. In addition to the grounds for an automatic revocation of the Contract as set forth in Section 10.2, this Contract may also be revoked by the University Board upon a determination by the University Board, pursuant to the procedures set forth in Section 10.6, that one or more of the following has occurred: