Unused Balances Sample Clauses
The "Unused Balances" clause defines how any remaining funds or credits that have not been utilized by the end of a contract or specified period are handled. Typically, this clause outlines whether such balances are forfeited, refunded, or carried over to a subsequent term, depending on the agreement's terms. Its core practical function is to provide clarity and prevent disputes regarding the disposition of unused amounts, ensuring both parties understand their rights and obligations concerning leftover balances.
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Unused Balances. Unless otherwise specified, all unused Blanket Order quantities and/or unexpended funds shall be automatically canceled on the expiration of the specified term. Similarly, for orders encompassing more than one State fiscal year, unexpended balances of funding allotted for an individual fiscal year may be liquidated at the close of that fiscal year, at the State's sole option.
Unused Balances. The unused balances in SB 978 Issue Fund accounts will be eliminated upon the termination of this Agreement (whether as a result of a termination pursuant to Section
9.1 below or at the end of the Term), except that certain expenditures incurred pursuant to a Commission-authorized SB 978 Issue Fund Grant awarded before termination may be reimbursed according to the terms specified in Section 9.3 below.
Unused Balances. If You leave a balance of Virtual Goods and Services unused for a period of time set forth by Your state, country, or other governing body in its unclaimed property laws, or if Your account is closed, whether voluntarily or involuntarily, Company may process Your Virtual Goods and Services balance in accordance with our legal obligations, including by submitting funds associated with Your Virtual Goods and Services balance to the appropriate governing body where required by law.
Unused Balances. The unused balance in the Fund account shall be eliminated upon the termination of this Agreement (whether as a result of a termination pursuant to Section 9.1 below or at the end of the Term), except that certain expenditures incurred pursuant to a Commission-authorized Intervenor Funding Grant awarded before termination may be reimbursed according to the terms specified in Section 9.3 below. Any unused balance in the Fund account at the end of 2016 may be rolled over to 2017, etc., subject to the limitations of subsection 4.3 above.
Unused Balances. The unused balances in the MSP Funds shall be eliminated upon the termination of this Agreement (whether as a result of a termination under Section 8.1 below or at the end of the Term of this Agreement), except that certain expenditures incurred under a Commission- authorized MSP Fund Grant awarded before termination may be reimbursed according to the terms specified in Section 8.3 below.