Common use of Non-Availability of Funds Clause in Contracts

Non-Availability of Funds. Every payment obligation of the Board under this Grant Award Contract is conditioned upon the availability of funds appropriated or allocated for the payment of such obligation. If funds are not allocated and available for the continuance of this Grant Award Contract, this Grant Award Contract may be terminated by the Board at the end of the period for which funds are available. No liability shall accrue to the Board in the event this provision is exercised, and the Board shall not be obligated or liable for any future payments or for any damages as a result of termination under this paragraph.

Appears in 6 contracts

Samples: Terms of Agreement, Terms of Agreement, cestb.az.gov

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