Termination by SIM Clause Samples

The 'Termination by SIM' clause grants the party identified as SIM the right to end the agreement under specified circumstances. Typically, this clause outlines the conditions or events—such as breach of contract, insolvency, or failure to meet obligations—under which SIM may exercise its termination rights, and may detail the required notice period or procedures to be followed. Its core practical function is to provide SIM with a clear and enforceable mechanism to exit the contract if certain criteria are met, thereby managing risk and ensuring flexibility in the contractual relationship.
Termination by SIM. SIM by a decision of its board of directors may terminate this Agreement, any particular Project or the participation of one or more Partners in this Agreement in the following cases: (a) where a Partner involved in a specific Project would not have signed the Project Agreement within four (4) months from the approval of the Project by SIM and FIO (b) in case of non-performance or poor performance of the work under any Project or a substantial breach of obligations under this Agreement or a Project Agreement that is not remedied within forty-five (45) days notice or that is not capable of remedy (c) where the Partner infringes a provision of the applicable law or breaches an obligation resulting from an act or omission by a Partner which has, or would have, the effect of prejudicing the SIM reserved budget through unjustified expenditure (d) where the required reports are not submitted or SIM disapproves the reports submitted (e) for major technical or economic reasons substantially adversely affecting the completion of the whole Program or one or more Projects or the potential use of the Foreground (f) where a Partner is found guilty of an offence involving its professional conduct by a judgment having the force of res judicata or if it is guilty of grave professional misconduct proven by any justified means (g) in case of force majeure, where any reactivation of the Program or the Project in question after suspension is impossible (h) where the conditions for participation in the Program or any particular Project established by SIM for the Program or the particular Project are no longer satisfied (i) where further to the termination of the participation of one or more Partners, the Partners do not propose to SIM the necessary modifications for the continuation of the Projects affected by the termination including the reallocation of task of the Partner whose participation is terminated within the time limit determined by SIM, or where SIM does not accept the proposed modifications (j) where for more than two (2) years a Research Institution has not been participating in any Project nor is a party to a new project proposal introduced at the Program Steering Committee for submission to SIM, SIM will terminate that Research Institution’s participation in the Program. Any termination of a Project by SIM will be aligned with the termination of the Project by FIO under the FIO Agreement(s). Termination of the participation of a Partner at SIM’s initiative shal...
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Termination by SIM. If SIM terminates the Grant Agreement or a party's participation in the Grant Agreement, this Agreement shall automatically terminate in respect of the affected party/ies.
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Termination by SIM a. SIM may terminate this Agreement in the event of a material breach by the Company that is not cured, if capable of being cured, within thirty (30) days of written notice to the Company of the breach. In the event of such a termination, i. The Company will repay any outstanding Advanced Costs within thirty (30) days of termination; and ii. The Company will remain responsible for and shall pay the SIM Fee under and in accordance with this Agreement.
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Related to Termination by SIM

  • Termination by XOOM We may terminate this Contract, or the applicable portion of this Contract, at our discretion and without penalty immediately upon notice to you if: a. do not pay your bill in full by the date on your bill; b. do anything that prevents us from supplying you with Energy or services; c. increase your consumption above 2,500 gigajoules per year; or d. do not give us satisfactory financial or credit information, do not give us a deposit when we request one, or do not meet our credit requirements. We may terminate this Contract, or the applicable portion of this Contract, at our direction and without penalty for any other reason on thirty (30) days notice.

  • TERMINATION BY MPS MPS further reserves the right to terminate this Contract at any time for any reason by giving Contractor written notice by Registered or Certified Mail of such termination. MPS will attempt to give Contractor 20 days’ notice, but reserves the right to give immediate notice. In the event of said termination, Contractor shall reduce its activities hereunder, as mutually agreed to, upon receipt of said notice. Upon said termination, Contractor shall be paid for all services rendered through the date of termination, including any retainage. This section also applies should the Milwaukee Board of School Directors fail to appropriate additional monies required for the completion of the Contract.

  • Termination by ▇▇▇▇▇ Subject to Section 5.2, the CAISO may terminate this Agreement by giving written notice of termination in the event that the Participating Load commits any material default under this Agreement and/or the CAISO Tariff which, if capable of being remedied, is not remedied within thirty (30) days after the CAISO has given, to the Participating Load, written notice of the default, unless excused by reason of Uncontrollable Forces in accordance with Article X of this Agreement. With respect to any notice of termination given pursuant to this Section, the CAISO must file a timely notice of termination with FERC, if this Agreement was filed with FERC, or must otherwise comply with the requirements of FERC Order No. 2001 and related FERC orders. The filing of the notice of termination by the CAISO with FERC will be considered timely if: (1) the filing of the notice of termination is made after the preconditions for termination have been met, and the CAISO files the notice of termination within sixty (60) days after issuance of the notice of default; or (2) the CAISO files the notice of termination in accordance with the requirements of FERC Order No. 2001. This Agreement shall terminate upon acceptance by FERC of such a notice of termination, if filed with FERC, or thirty (30) days after the date of the CAISO’s notice of default, if terminated in accordance with the requirements of FERC Order No. 2001 and related FERC orders.

  • Termination by ▇▇▇▇▇▇ This Agreement may be terminated and the Merger Transactions abandoned at any time before the Acceptance Time by Parent: (a) if the Company breaches any of its representations or warranties, or fails to perform any of its covenants or agreements contained in this Agreement, and which breach or failure (i) would give rise to the failure of a condition set forth in paragraph (d), (e) or (f) of Annex I and (ii) by its nature cannot be cured or has not been cured by the Company by the earlier of (A) the Outside Date and (B) the date that is twenty (20) Business Days after the Company’s receipt of written notice of such breach from Parent, but only so long as neither Parent nor Merger Sub are then in material breach of their respective representations or warranties or materially failing to perform their respective covenants or agreements contained in this Agreement in a manner that would allow the Company to terminate this Agreement under Section 7.4(b); or (b) (i) upon prior written notice to the Company if the Company Board (acting upon the recommendation of the Special Committee), the Special Committee or any other duly authorized committee of disinterested members of the Company Board shall have effected an Adverse Recommendation Change (provided that, any written notice, including pursuant to Section 5.3(d), of the Company’s intention to make an Adverse Recommendation Change in advance of making an Adverse Recommendation Change shall not result in Parent having any termination rights pursuant to this Section 7.3(b)(i) unless such written notice otherwise constitutes an Adverse Recommendation Change); provided, however, that Parent shall not be permitted to terminate this Agreement pursuant to this Section 7.3(b)(i) unless the notice of termination pursuant to this Section 7.3(b)(i) is delivered by Parent to the Company within five (5) Business Days following the occurrence of the event giving rise to Parent’s right to terminate this Agreement pursuant to this Section 7.3(b)(i), (ii) if the Company shall have materially breached any of its obligations under Section 5.3, (iii) if the Company shall have failed, within ten (10) Business Days of a tender or exchange offer that constitutes a Takeover Proposal relating to securities of the Company having been commenced, to publicly recommend against such tender or exchange offer or (iv) if the Company shall have failed to publicly reaffirm its recommendation of the Offer and the Merger within ten (10) Business Days after a request to do so by Parent following the date any Takeover Proposal or any material modification thereto is first commenced, publicly announced, distributed or disseminated to the Company’s stockholders (provided that Parent may only make such request once with respect to each Takeover Proposal and each material modification thereto).

  • Termination by ▇▇▇▇▇▇▇ If Grantee seeks to terminate this Contract, Grantee shall give System Agency no less than sixty (60) calendar days prior written notice and shall submit a transition plan to ensure client services are not disrupted.