Common use of Procurement Funding Clause in Contracts

Procurement Funding. (A) Funds to cover the Federal share of the vehicles' cost may be provided through an appropriation authorized by Titles 49 and 23 of the U.S.C. of 1964, as amended, and it shall be the responsibility of the COMMISSION to obtain these funds. Inability of the COMMISSION for any reason to obtain funds shall result, upon notification by the COMMISSION to the CONTRACTOR, in termination of the contract. (B) The maximum amount of funds payable to the CONTRACTOR for the equipment described in Section 2 (Scope of Work) shall be listed below:

Procurement Funding. (A) Funds to cover the Federal share of the vehicles' cost may be provided through an appropriation authorized by Titles 49 and 23 of the U.S.C. Federal Transportation Act of 1964, as amended, and it shall be the responsibility of the COMMISSION Department to obtain these funds. Inability of the COMMISSION for any reason Buying Entity to obtain funds shall may result, upon notification by the COMMISSION Department to the CONTRACTOR, in termination of the contract. (B) The maximum amount of funds payable to the CONTRACTOR for the equipment described in Section 2 (Scope of Work) shall be listed below:: Description of vehicle, price and available options.