Common use of Termination Due to Insufficient Funds Clause in Contracts

Termination Due to Insufficient Funds. a. If the agreement term is to exceed more than one fiscal year, then said agreement is subject to termination in the event that funds should not be appropriated for the continued payment of the agreement in subsequent fiscal years.

Appears in 2 contracts

Samples: www.gulfshoresal.gov, www.dot.state.al.us

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Termination Due to Insufficient Funds. a. If the agreement term is to exceed more than one fiscal year, then said agreement is subject to termination in the event that funds should not be appropriated for the continued payment of the agreement in subsequent fiscal years. In the event of proration of the fund from which payment under this agreement is to be made, agreement will be subject to termination.

Appears in 1 contract

Samples: Agreement for Construction

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Termination Due to Insufficient Funds. a. If the agreement Agreement term is to exceed more than one fiscal year, then said agreement Agreement is subject to termination in the event that funds should not be appropriated for the continued payment of the agreement Agreement in subsequent fiscal years. In the event of proration of the fund from which payment under this Agreement is to be made, Agreement will be subject to termination.

Appears in 1 contract

Samples: www.gulfshoresal.gov

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