Common use of Termination Because of Lack of Funds Clause in Contracts

Termination Because of Lack of Funds. In the event funds to finance this subcontract become unavailable, the Network may terminate the subcontract upon no less than twenty- four (24) hours notice in writing to the Provider. Said notice shall be delivered by certified mail, return receipt requested, or in person with proof of delivery. The Network shall be the final authority as to the availability and adequacy of funds. In the event of termination of this subcontract, the Provider will be compensated for any work satisfactorily completed prior to notification of termination.

Termination Because of Lack of Funds. In the event funds to finance this subcontract become unavailable, the Network may terminate the subcontract upon no less than twenty- four (24) hours hours’ notice in writing to the Provider. Said notice shall be delivered by certified mail, return receipt requested, or in person with proof of delivery. The Network shall be the final authority as to the availability and adequacy of funds. In the event of termination of this subcontract, the Provider will be compensated for any work satisfactorily completed prior to notification of termination.