Common use of Fund Allocation Clause in Contracts

Fund Allocation. Description: Total Funds Type of Contract Unit Cost #Units This agreement automatically renews for up to two additional one-year periods, subject to appropriation. Should the DDRB fail to appropriate funds in any fiscal year that may be allocated for the payment of this contract, the Agreement will terminate on the first day of the fiscal year for which funds are not appropriated. In that event, the parties will have no further obligations (including any charges otherwise assessed for early termination) after that termination, aside from obligations which are intended to survive any termination of the Agreement.

Appears in 3 contracts

Sources: Contract to Purchase and Provide Service, Contract to Purchase and Provide Service, Contract to Purchase and Provide Service