Common use of Termination for Non-Allocation of Funds Clause in Contracts

Termination for Non-Allocation of Funds. If funds are not allocated to Purchaser(s) to continue this Contract in any future period, DES may terminate this Contract with seven calendar days written notice, or other appropriate time period, to Contractor, or work with Contractor to arrive at a mutually acceptable resolution of the situation. Purchaser will not be obligated to pay any further charges for materials, supplies, services and/or equipment including the net remainder of agreed-to consecutive periodic payments remaining unpaid beyond the end of the then-current period. DES and/or Purchaser agree to notify Contractor in writing of such non-allocation at the earliest possible time. No penalty shall accrue to the Purchaser in the event this section shall be exercised. This section shall not be construed to permit DES to terminate this Contract in order to acquire similar materials, supplies, services and/or equipment from a third party.

Termination for Non-Allocation of Funds. If funds are not allocated to Purchaser(s) to continue this Contract in any future period, DES may terminate this Contract with seven by thirty (30) calendar days written notice, or other appropriate time period, notice to Contractor, Contractor or work with Contractor to arrive at a mutually acceptable resolution of the situation. Purchaser will not be obligated to pay any further charges for materials, supplies, services and/or equipment including the net remainder of agreed-agreed to consecutive periodic payments remaining unpaid beyond the end of the then-current period. DES and/or Purchaser agree Xxxxxxxxx agrees to notify Contractor in writing of such non-allocation at the earliest possible time. No penalty shall accrue to the Purchaser in the event this section shall be exercised. This section shall not be construed to permit DES to terminate this Contract in order to acquire similar materials, supplies, services and/or equipment from a third party.

Termination for Non-Allocation of Funds. If funds are not allocated to Purchaser(s) to continue this Contract in any future period, DES may terminate this Contract with seven calendar Calendar days written notice, or other appropriate time period, to Contractor, or work with Contractor to arrive at a mutually acceptable resolution of the situation. Purchaser will not be obligated to pay any further charges for materials, supplies, services and/or equipment including the net remainder of agreed-to consecutive periodic payments remaining unpaid beyond the end of the then-then- current period. DES and/or Purchaser agree to notify Contractor in writing of such non-non- allocation at the earliest possible time. No penalty shall accrue to the Purchaser in the event this section shall be exercised. This section shall not be construed to permit DES to terminate this Contract in order to acquire similar materials, supplies, services and/or equipment from a third party.