Common use of Lack of Funding Clause in Contracts

Lack of Funding. The Parties recognize that the compensation provided for in this Subaward Contract is based solely upon funds from the U.S. Department of Justice, Office of Juvenile Justice and Delinquency Prevention Award Number 20-MO-BX-0015 (CFDA #16.745), (“Outside Grant”). The Parties further recognize that the Sponsor may terminate this Subaward Contract in whole or in part immediately upon written notice to Subrecipient if Outside Grant’s funds run out or are no longer available. The date Project Monitor sends the written notice of termination shall be the date of termination. The Subrecipient understands and agrees that the Sponsor shall not provide for funding under this Subaward Contract from the Lancaster County General Fund, tax revenue, or any other source, and that the sole source of funding for this Subaward Contract is the aforementioned Outside Grant. In the event that Subaward funds under the Outside Grant are no longer available or run out, the Subrecipient shall be compensated pursuant to the terms of this Subaward Contract for authorized Project Account costs charged against the Project Account prior to the date of termination according to the approved Project Budget. Subrecipient agrees that Subrecipient has no reasonable expectation of payment for unauthorized costs, or for payment of any kind from any other source. The Subrecipient further understands and agrees that any costs not covered by the current Subaward Contract are not authorized.

Appears in 3 contracts

Samples: Subaward Contract, Subaward Contract, Subaward Contract

AutoNDA by SimpleDocs

Lack of Funding. The Parties recognize that the compensation provided for in this Subaward Contract is based solely upon funds from the U.S. Department of Justice, Office of Juvenile Justice and Delinquency Prevention Award Number 2015PJDP-22-MOGG-03807-BX-0015 DGCT (CFDA #16.74516.585), (“Outside Grant”). The Parties further recognize that the Sponsor may terminate this Subaward Contract in whole or in part immediately upon written notice to Subrecipient if Outside Grant’s funds run out or are no longer available. The date Project Monitor sends the written notice of termination shall be the date of termination. The Subrecipient understands and agrees that the Sponsor shall not provide for funding under this Subaward Contract from the Lancaster County General Fund, tax revenue, or any other source, and that the sole source of funding for this Subaward Contract is the aforementioned Outside Grant. In the event that Subaward funds under the Outside Grant are no longer available or run out, the Subrecipient shall be compensated pursuant to the terms of this Subaward Contract for authorized Project Account costs charged against the Project Account prior to the date of termination according to the approved Project Budget. Subrecipient agrees that Subrecipient has no reasonable expectation of payment for unauthorized costs, or for payment of any kind from any other source. The Subrecipient further understands and agrees that any costs not covered by the current Subaward Contract are not authorized.

Appears in 3 contracts

Samples: Subaward Contract, Subaward Contract, Subaward Contract

AutoNDA by SimpleDocs

Lack of Funding. The Parties recognize that the compensation provided for in this Subaward Contract is based solely upon funds from the U.S. Department of Justice, Office of Juvenile Justice and Delinquency Prevention Award Number 2015PJDP-22-MOGG-03807-BX-0015 DGCT (CFDA #16.74516.585), (“Outside Grant”). The Parties further recognize that the Sponsor may terminate this Subaward Contract in whole or in part immediately upon written notice to Subrecipient if Outside Grant’s 's funds run out or are no longer available. The date Project Monitor sends the written notice of termination shall be the date of termination. The Subrecipient understands and agrees that the Sponsor shall not provide for funding under this Subaward Contract from the Lancaster County General Fund, tax revenue, or any other source, and that the sole source of funding for this Subaward Contract is the aforementioned Outside Grant. In the event that Subaward funds under the Outside Grant are no longer available or run out, the Subrecipient shall be compensated pursuant to the terms of this Subaward Contract for authorized Project Account costs charged against the Project Account prior to the date of termination according to the approved Project Budget. Subrecipient agrees that Subrecipient has no reasonable expectation of payment for unauthorized costs, or for payment of any kind from any other source. The Subrecipient further understands and agrees that any costs not covered by the current Subaward Contract are not authorized.

Appears in 1 contract

Samples: Subaward Contract

Time is Money Join Law Insider Premium to draft better contracts faster.