Common use of Agency Termination Clause in Contracts

Agency Termination. Agency may terminate this Agreement: 1. Immediately upon written notice to Grantee, if Agency does not obtain sufficient funding and expenditure authorizations to allow Agency to meet its payment obligations under this Agreement. 2. Immediately upon written notice to Grantee if state or federal laws, regulations, or guidelines are modified, changed or interpreted in such a way that Agency does not have the authority to provide Grant Monies for planning the Project or no longer has the authority to provide the Grant Monies from the funding source it had planned to use.

Appears in 4 contracts

Sources: Performance Agreement, Performance Agreement, Performance Agreement