Termination by DA Clause Samples
The 'Termination by DA' clause grants the Disclosing Authority (DA) the explicit right to end the agreement under specified circumstances. Typically, this clause outlines the conditions under which the DA may exercise this right, such as breach of contract, insolvency, or failure to meet key obligations by the other party. By clearly defining the DA's ability to terminate, the clause provides a mechanism for the DA to protect its interests and exit the agreement if necessary, thereby managing risk and ensuring contractual flexibility.
Termination by DA. DA can request for termination by providing their reasons. Matter will be reviewed by DRDO in deciding on foreclosure/short closure, payments and possession of assets.
Termination by DA. 37 11.4 Outside Date...........................................................37 11.5
Termination by DA. This Agreement may be terminated by DA (provided that it is not then in material breach of any representation, warranty, covenant or agreement contained in this Agreement) alone, by means of written notice to Delano, if there has been a material breach by Delano of any representation, warranty, covenant or agreement set forth in the Agreement or other ancillary agreements, which breach would result in a failure to satisfy the closing conditions contained in Section 8.3 and has not been cured within five (5) business days following receipt by Delano of notice of such breach,