Common use of Suspension or Termination Clause in Contracts

Suspension or Termination. Grantee may suspend or terminate this Agreement in whole or in part as follows: • If the Beneficiary materially fails to comply with any terms and conditions of this Agreement, which include (but are not limited to), the following: o Failure to comply with any of the rules, regulations or provisions referred to herein, or such statutes, regulations, executive orders, and Act guidelines, polices or directives as may become applicable at any time; o Failure, for any reason, of the Beneficiary to fulfill in a timely and proper manner its obligations under this Agreement; o Ineffective or improper use of funds provided under this Agreement; or o Submission of reports that are incorrect or incomplete in any material respect by the Beneficiary to the Grantee. • This Agreement may also be terminated for convenience by either the Grantee or the Beneficiary, in whole or in part, by written notification setting forth the reason for termination, the effective date, and, in the case of partial termination, the portion to be terminated. However, if in the case of a partial termination, the Grantee determines that the remaining portion of the award will not accomplish the purpose for which the award was made, the Grantee may terminate the award in its entirety. • In the event this Agreement is terminated or partially terminated, both the Grantee and Beneficiary remain responsible for compliance with the requirements outlined herein. • If this Agreement is terminated for Beneficiary’s material failure to comply with the Federal statutes, regulations, or terms and conditions of the Federal award, Grantee will provide notice of termination.