Termination for Change in Policy Sample Clauses

Termination for Change in Policy. Without limiting any other rights or remedies the Departments may have both jointly and severally, if there has been a Change in Policy the Departments may, by providing not less than 30 days’ prior written notice to the Recipient, terminate this Funding Agreement without further obligation or liability effective from the time specified in the notice, in which case: the parties will work cooperatively to facilitate the orderly cessation of the Project; and the Recipient will be entitled to payment in accordance with clause 23.3(b) but will not be entitled to any other claim or any other amount from either and both of the Departments. If this Funding Agreement is terminated under this clause 23: the Departments, both jointly are severally, are not obliged to pay to the Recipient any compensation, or any outstanding amount of funding under this Funding Agreement; without limiting any other rights and remedies they may have both jointly and severally, the Departments are immediately entitled to recover any Undisbursed Funds and other moneys remaining in the Bank Account or Segregated Bank Account at the time of termination; and the Recipient must repay to the Departments any amounts demanded by the Departments under clause 24. If this Funding Agreement is terminated under clause 21 (‘Force Majeure’) or clause 23.2 (‘Termination for Change in Policy’), the Departments are liable to the Recipient (jointly and severally) only for payments due by each Department under clause 6.1(a) before the effective date of termination in accordance with this Funding Agreement, but only to the extent that those monies have been spent or Legally Committed on Eligible Expenditure. Termination of this Funding Agreement does not affect any accrued rights or remedies of a party. The Recipient agrees, on receipt of the notice of termination under this clause 23, to: take all available steps to minimise loss resulting from the termination; and report on and, subject to the completion of any Dispute arising out of the termination, return any part of the Funds to the Departments, or otherwise deal with the Funds, as directed by the Departments. Clauses 2 (Definitions), 5 (Knowledge sharing), 6 (Funds), 8.3 (Withdrawal of funds from the Bank Account or Segregated Bank Account), 9 (Contributions), 11 (Reporting and plans), 13.1(f) (Warranties), 13.1(j) (Warranties), 13.2(i) (Trustee warranties), 14 (Liability and indemnity), 15 (Undertakings and acknowledgements), 18 (Evaluation, audits ...