Funding Contingency definition
Examples of Funding Contingency in a sentence
The Funding Contingency is a part of this Agreement because Center’s annual funding agreement with DDS provides that such funding agreement is subject to the appropriation of funds by the Legislature, and that if such funds are not appropriated for any fiscal year into which such funding agreement extends, the funding agreement is of no force and effect.
The State also agrees to cooperate and to execute all reasonably requested documentation in connection with the satisfaction of the Private Funding Contingency.
The City also agrees to cooperate and to execute all reasonably requested documentation in connection with the satisfaction of the Private Funding Contingency.
The Funding Contingency is a part of this Agreement because Regional Center’s annual funding agreements with DDS provide that such funding agreements are subject to the appropriation of funds by the Legislature, and that if such funds are not appropriated for any fiscal year into which such funding agreements extends, the funding agreements are of no force and effect.
The Funding Contingency is a part of this Agreement because RCEB’s annual funding agreement with DDS provides that such funding agreement is subject to the appropriation of funds by the Legislature, and that if such funds are not appropriated for any fiscal year into which such funding agreement extends, the funding agreement is of no force and effect.
If there is a failure of the Funding Contingency, then (1) the Regional Center shall have no liability to pay any further funds whatsoever to the Contractor or to furnish any other considerations under this Agreement and (2) neither party shall be obligated to further perform any provisions of this Agreement.
If the parties are unable to agree on the Contractor’s new compensation for its modified services within such 30 day period, such Regional Center shall then either (1) terminate this Agreement, because of the failure of a Funding Contingency or (2) rescind its modification of Contractor’s services, in which event this Agreement shall continue in full force and effect without such modification in services or compensation.
Subject to the satisfaction of the Private Funding Contingency provided in Section 3.1 hereof, the Authority hereby agrees to issue the Project Bonds as provided in the Project Indentures to provide funds for the payment of the Project Costs.
Termination for Funding Contingency In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this Contract and prior to normal completion, WAHBE may terminate this Contract without advance notice; subject to renegotiation under those new funding limitations and conditions.
Funding Contingency Grant funding is subject to the availability of funds appropriated by legislative act for the purpose stated in the grant award.