if the Contractor is a corporation, there is any change in the direct or indirect beneficial ownership or control of the Contractor which may have an adverse effect on the ability of the Contractor to perform its obligations under this Head Agreement or a Contract; is the subject of Insolvency Proceedings; becomes an Insolvent Under Management; or if the Contractor is a trustee, the trust is terminated or an even occurs for vesting the trust property. Without limiting clause , Finance may terminate this Head Agreement (or remove any Module from the scope of this Head Agreement) at any time if, in its absolute discretion, it considers that: the Contractor's enrolment under a Module does not provide demonstrable value for money to Finance or any Agency; or the Contractor has failed to maintain a high standard of quality in its provision of Deliverables it has been contracted to provide (based on information considered as part of the Annual Review). Termination and reduction for convenience Finance may by Notice, at its absolute discretion, terminate or reduce the scope of this Head Agreement (including to remove any Module from this Head Agreement), for any reason including as a result of a machinery of government change. If this Head Agreement is terminated or reduced in scope pursuant to clause , the Contractor is not entitled to compensation for any Loss. After termination On termination (in whole or part) of this Head Agreement, the Contractor must: except in respect of Contracts that have been formed prior to the termination of the Head Agreement (or removal of a Module from the scope of this Head Agreement), stop offering the relevant Deliverables to Agencies under this Head Agreement or Module (as the case may be); take all available to protect Material in which Intellectual Property Rights, Confidential Information or Personal Information subsists; return to Finance all of Finance's Confidential Information except in respect of Contracts that have been formed prior to the termination of the Head Agreement and which have not been terminated or expired; follow any reasonable direction of Finance; and continue to perform any part of this Head Agreement (and any Contract) not affected by the Notice. Consequences of termination If this Head Agreement is terminated in whole or in part under this clause : subject to the terms of this Head Agreement, the parties are relieved from future performance of the terminated Head Agreement or relevant part of it; subject to this Head Agreement, all licences and authorisations relating to or concerning this Head Agreement granted to the Contractor by Finance terminate immediately despite anything to the contrary contained in the licence or authorisation;
if the Contractor is a corporation, there is any change in the direct or indirect beneficial ownership or control of the Contractor which may have an adverse effect on the ability of the Contractor to perform its obligations under this Head Agreement or a Contract; is the subject of Insolvency Proceedings; becomes an Insolvent Under Management; or if the Contractor is a trustee, the trust is terminated or an even occurs for vesting the trust property. Without limiting clause , Finance may terminate this Head Agreement (or remove any Module from the scope of this Head Agreement) at any time if, in its absolute discretion, it considers that: the Contractor's enrolment under a Module does not provide demonstrable value for money to Finance or any Agency; or the Contractor has failed to maintain a high standard of quality in its provision of Deliverables it has been contracted to provide (based on information considered as part of the Annual Review). Termination and reduction for convenience Finance may by Notice, at its absolute discretion, terminate or reduce the scope of this Head Agreement (including to remove any Module from this Head Agreement), for any reason including as a result of a machinery of government change. If this Head Agreement is terminated or reduced in scope pursuant to clause , the Contractor is not entitled to compensation for any Loss. After termination On termination (in whole or part) of this Head Agreement, the Contractor must: except in respect of Contracts that have been formed prior to the termination of the Head Agreement (or removal of a Module from the scope of this Head Agreement), stop offering the relevant Deliverables to Agencies under this Head Agreement or Module (as the case may be); take all available to protect Material in which Intellectual Property Rights, Confidential Information or Personal Information subsists; return to Finance all of Finance's Confidential Information except in respect of Contracts that have been formed prior to the termination of the Head Agreement and which have not been terminated or expired; follow any reasonable direction of Finance; and continue to perform any part of this Head Agreement (and any Contract) not affected by the Notice. Consequences of termination If this Head Agreement is terminated in whole or in part under this clause : subject to the terms of this Head Agreement, the parties are relieved from future performance of the terminated Head Agreement or relevant part of it; subject to this Head Agreement, all licences and authorisations relating to or concerning this Head Agreement granted to the Contractor by Finance terminate immediately despite anything to the contrary contained in the licence or authorisation;
Draft%20Head%20Agreement%20ICT%20Deliverables.docx