Common use of Termination for Default Clause in Contracts

Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

Appears in 83 contracts

Samples: Commonwealth Simple Grant Agreement, Commonwealth Simple Grant Agreement, Commonwealth Simple Grant Agreement

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Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration. The Commonwealth will not be required to make any further payments of the Grant after the termination of the Agreement.

Appears in 32 contracts

Samples: Letter of Agreement, Letter of Agreement, Template Instructions

Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.. The Commonwealth will not be required to make any further payments of the Grant after the termination of the Agreement. General provisions

Appears in 3 contracts

Samples: business.gov.au, business.gov.au, www.business.gov.au

Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the GranteeGrantee has: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

Appears in 1 contract

Samples: www.bulletpoint.com.au

Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the GranteeRecipient: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

Appears in 1 contract

Samples: Commonwealth Grant Agreement

Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration; or does not have the capacity to manage the grant or comply with this Agreement.

Appears in 1 contract

Samples: www.ag.gov.au

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Termination for Default. The Commonwealth may terminate this Agreement by notice where if it reasonably believes the Grantee: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or will be unable to complete the Grant Activity; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration. The Commonwealth will not be required to make any further payments of the Grant after the termination of the Agreement.

Appears in 1 contract

Samples: business.gov.au

Termination for Default. 14.1 The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: has breached this Agreement; or has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

Appears in 1 contract

Samples: Agreement

Termination for Default. The Commonwealth may terminate this Agreement by notice where it reasonably believes the Grantee: has breached this Agreement; or SAMPLE has provided false or misleading statements in their application for the Grant; or has become bankrupt or insolvent, entered into a scheme of arrangement with creditors, or come under any form of external administration.

Appears in 1 contract

Samples: Commonwealth Simple Grant Agreement

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