Common use of Statutory Grounds for Revocation Clause in Contracts

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 other grounds for revocation in Section 10.2 and the automatic revocation in Section 10.3 of these Terms and Conditions, the University District Board may revoke this Contract, pursuant to the procedures set forth in Section 10.610.7, 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 abide by and meet the educational goals goal 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 stewardshipprinciples; or (d) The existence of one or more other grounds for revocation as specified in this Contract.