Termination of a grant award
(i) When arc makes a grant award, it reserves the right, without notice, to terminate the grant should it so wish. In such a case, arc will reimburse the institution for expenditure properly incurred under the award up to the termination date, but it will not in any event be responsible for, nor indemnify the institution against, any of the matters referred to in paragraph 1(i)-(iv).
(ii) Should arc terminate a grant before the expiration of the period for which it was granted (and provided that the full amount of the grant has not been advanced at that time), its practice is to recompense any expenses in respect of redundancy or breach under the contract that results directly from the termination of the grant. The recompense, if any, would not in any event exceed the amount of the grant remaining to be paid to the institution at the time of the termination of the grant.
