Common use of CONTINGENT FUNDING Clause in Contracts

CONTINGENT FUNDING. The continuation of this Contract beyond the current fiscal year is subject to and contingent upon sufficient funds being appropriated, budgeted, and otherwise made available by both parties. Either party may terminate this Contract, and the parties mutually agree to waive any and all claim(s) for damages, effective immediately upon receipt of written notice (or any date specified therein) if for any reason the parties’ funding from State and/or federal sources is not appropriated or is withdrawn, limited, or impaired.