Common use of Reduction of Funding Clause in Contracts

Reduction of Funding. The State must terminate this contract if funds are not appropriated or otherwise made available to support the State's continuation of performance of this contract in a subsequent fiscal period. (18-4-313(4), MCA.) If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, the State shall terminate this contract as required by law. The State shall provide Contractor the date the State's termination shall take effect. The State shall not be liable to Contractor for any payment that would have been payable had the contract not been terminated under this provision. As stated above, the State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date the State's termination takes effect. This is Contractor's sole remedy. The State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

Appears in 4 contracts

Samples: Master Agreement, Lease Agreement, www.pitneybowes.com

AutoNDA by SimpleDocs

Reduction of Funding. The State must by law terminate this contract if funds are not appropriated or otherwise made available to support the State's continuation of performance of this contract in a subsequent fiscal period. (18-4-313(4), MCA.) If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, the State shall terminate this contract as required by law. The State shall provide Contractor the date the State's termination shall take effect. The State shall not be liable to Contractor for any payment that would have been payable had the contract not been terminated under this provision. As stated above, the State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date the State's termination takes effect. This is Contractor's sole remedy. The State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

Appears in 3 contracts

Samples: Master Contract, www.bidnet.com, docs.msl.mt.gov

Reduction of Funding. The State must terminate this contract if funds are not appropriated or otherwise made available to support the State's continuation of performance of this contract in a subsequent fiscal period. (18-4-313(4), MCA.) If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, the State shall terminate this contract as required by law. The State shall provide Contractor the date the State's termination shall take effect. The State shall not be liable to Contractor for any payment that would have been payable had the contract not been terminated under this provision. As stated above, the State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date the State's termination takes effect. This is Contractor's sole remedy. The State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.. 17 ATTACHMENT L – ADDITIONAL STATE TERMS AND CONDITIONS‌ STATE OF XXXXXXXX

Appears in 2 contracts

Samples: bidcondocs.delaware.gov, bidcondocs.delaware.gov

Reduction of Funding. The State must by law terminate this contract Agreement if funds are not appropriated or otherwise made available to support the State's continuation of performance of this contract Agreement in a subsequent fiscal period. (18-4-313(4), MCA.) If state or federal government funds are not appropriated or otherwise made available through the state State budgeting process to support continued performance of this contract Agreement (whether at an initial contract Agreement payment level or any contract Agreement increases to that initial level) in subsequent fiscal periods, the State shall terminate this contract Agreement as required by law. The State shall provide Contractor Provider the date the State's termination shall take effect. The State shall not be liable to Contractor Provider for any payment that would have been payable had the contract Agreement not been terminated under this provision. As stated above, the State shall be liable to Contractor Provider only for the payment, or prorated portion of that payment, owed to Contractor Provider up to the date the State's termination takes effect. This is ContractorProvider's sole remedy. The State shall not be liable to Contractor Provider for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

Appears in 2 contracts

Samples: Saas Agreement, Saas Agreement

AutoNDA by SimpleDocs

Reduction of Funding. The State must terminate this contract if funds are not appropriated or otherwise made available to support the State's continuation of performance of this contract in a subsequent fiscal period. (18-18- 4-313(4), MCA.) If state or federal government funds are not appropriated or otherwise made available through the state budgeting process to support continued performance of this contract (whether at an initial contract payment level or any contract increases to that initial level) in subsequent fiscal periods, the State shall terminate this contract as required by law. The State shall provide Contractor the date the State's termination shall take effect. The State shall not be liable to Contractor for any payment that would have been payable had the contract not been terminated under this provision. As stated above, the State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date the State's termination takes effect. This is Contractor's sole remedy. The State shall not be liable to Contractor for any other payments or damages arising from termination under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

Appears in 1 contract

Samples: www.pitneybowes.com

Reduction of Funding. The State must terminate must, by law, cancel this contract if funds are not appropriated or otherwise made available to support the State's continuation of performance of this contract Contract in a subsequent fiscal period. (period(§ 18-4-313(4), MCA.) ). If state or federal government funds are not appropriated or otherwise made available through the state State budgeting process to support continued performance of this contract Contract (whether at an initial contract Contract payment level or any contract Contract increases to that initial level) in subsequent fiscal periods, the State shall terminate cancel this contract Contract as required by law. The State shall provide Contractor the date the State's termination cancelation shall take effect. The State shall not be liable to Contractor for any payment that would have been payable had the contract Contract not been terminated canceled under this provision. As stated above, the State shall be liable to Contractor only for the payment, or prorated portion of that payment, owed to Contractor up to the date the State's termination cancelation takes effect. This is Contractor's sole remedy. The State shall not be liable to Contractor for any other payments or damages arising from termination cancelation under this section, including but not limited to general, special, or consequential damages such as lost profits or revenues.

Appears in 1 contract

Samples: Quarantine Hold Services Contract

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