Common use of Funding Decrease Clause in Contracts

Funding Decrease. The Department reserves the right, at its sole discretion, to reduce the total cost Project #: FA-252-20-0121 Agency: Downingtown Area SD AUN: 124152003 Appendix C of this Agreement when: 1. During any quarter of the agreement period, the Grantee spends less than the total amount planned on the approved Program Budget of this Agreement for such quarter; or 2. The Federal or State funds appropriated by the U.S. Congress and/or State Legislature are less than anticipated by the Department after Execution of this Agreement hereunder; or 3. The funds appropriated are later unavailable due to a reduction or reservation in the appropriation. Such decreases will be made in accordance with paragraph 4 (“Funding Adjustments”).