Common use of Sufficiency of Funds Clause in Contracts

Sufficiency of Funds. The Provider Agency shall recognize and agree that both the initial provision of funding and the continuation of such funding under the Contract is expressly dependent upon the availability to the Department of funds appropriated by the State Legislature from State and/or Federal revenue or such other funding sources as may be applicable. A failure of the Department to make any payment under its contract with the Provider Agency or to observe and adhere its performance obligation under the contract as a result of the failure of the Legislature to appropriate the funds necessary to do so shall not constitute a breach of the Contract by the Department or default thereunder and the Department shall not be held financially liable therefore. In addition, future funding shall not be anticipated from the Department beyond the duration of the Contract with the Provider Agency and in no event shall the contract be construed as a commitment by the Department to expend funds beyond the termination date set therein.

Appears in 11 contracts

Samples: Agreement, Agreement, www.state.nj.us

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Sufficiency of Funds. The Provider Agency shall recognize recognizes and agree agrees that both the initial provision of funding and the continuation of such funding under the Contract is expressly dependent upon the availability to the Department of funds appropriated by the State Legislature from State and/or Federal revenue or such other funding sources as may be applicable. A failure of the Department to make any payment under its contract Contract with the Provider Agency or to observe and adhere to its performance obligation under the contract Contract as a result of the failure of the Legislature to appropriate the funds necessary to do so shall not constitute a breach of the Contract by the Department or default thereunder and the Department shall not be held financially liable therefore. In addition, future funding shall not be anticipated from the Department beyond the duration of the Contract with the Provider Agency and in no event shall the contract Contract be construed as a commitment by the Department to expend funds beyond the termination Termination date set therein.

Appears in 10 contracts

Samples: nj.gov, www.nj.gov, www.nj.gov

Sufficiency of Funds. The Provider Agency shall recognize recognizes and agree agrees that both the initial provision of funding and the continuation of such funding under the Contract is expressly dependent upon the availability to the Department of funds appropriated by the State Legislature from State and/or Federal revenue or such other funding sources as may be applicable. A failure of the Department to make any payment under its contract Contract with the Provider Agency or to observe and adhere to its performance obligation under the contract Contract as a result of the failure of the Legislature to appropriate the funds necessary to do so shall not constitute a breach of the Contract by the Department or default thereunder and the Department shall not be held financially liable liable, therefore. In addition, future funding shall not be anticipated from the Department beyond the duration of the Contract with the Provider Agency and in no event shall the contract Contract be construed as a commitment by the Department to expend funds beyond the termination Termination date set therein.

Appears in 1 contract

Samples: www.nj.gov

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Sufficiency of Funds. The Provider Agency shall recognize and agree that both the initial provision of funding and the continuation of such funding under the Contract is expressly dependent upon the availability to the Department of funds appropriated by the State Legislature from State and/or Federal revenue or such other funding sources as may be applicable. A failure of of' the Department to make any payment under its contract Contract with the Provider Agency or to observe and adhere to its performance obligation under the contract Contract as a result of the failure of the Legislature to appropriate the funds necessary to do so shall not constitute a breach of the Contract by the Department or default thereunder and the Department shall not be held financially liable therefore. In addition, future funding shall not be anticipated from the Department beyond the duration of the Contract with the Provider Agency and in no event shall the contract Contract be construed as a commitment by the Department to expend funds beyond the termination Termination date set therein.

Appears in 1 contract

Samples: Educational Services Contract Agreement

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