SHORTAGE OF FUNDS. In the event a shortage is revealed or discovered in Agent's accounts of funds entrusted to Agent by others or in the remittances due Principal hereunder, then Principal may declare immediately due and payable any debts owed by Agent, including any funds for which Principal may be responsible or have a liability therefor. On demand by Principal, Agent shall immediately make good the shortage.
SHORTAGE OF FUNDS. 11.8.1.2 Where reduction occurs as a consequence of technological change, Article 14 shall first apply.
SHORTAGE OF FUNDS. In the event a shortage is revealed or discovered in Title Company's accounts of funds entrusted to Title Company by others or in the remittances due Principal hereunder, then Principal may declare immediately due and payable any debts owed by Title Company, including any funds for which Principal may be responsible or have a liability therefor and Title Company grants to Principal a lien on all property of Title Company as security for the repayment thereof. On demand by Principal, Title Company shall immediately make good the shortage or convey and deliver possession of such property to Principal. A conveyance of such property shall not of itself relieve Title Company of further liability for such shortage, but may be utilized to mitigate the liability of Title Company therefor.
SHORTAGE OF FUNDS. In the event a shortage is revealed or discovered in Agent's accounts of funds entrusted to Agent by others or in the remittances due Principal hereunder, then Principal may declare immediately due and payable any debts owed by Agent, including any funds for which Principal may be responsible or have a liability therefor. Principal shall have a lien on all property of Agent as security for the repayment thereof. On demand by Principal, Agent shall immediately make good the shortage or convey and deliver possession of such property to Principal. A conveyance of such property shall not of itself relieve Agent of further liability for said shortage, but may be utilized to mitigate the liability of Agent therefor.
SHORTAGE OF FUNDS. This Appendix supersedes all previously conflicting language in this Agreement. Following a determination that a shortage of funds exists in the Transportation budget and appropriations would not allow the continued payment of this Agreement to its conclusion, the Director of Schools shall have the exclusive right to terminate this Agreement with thirty (30) days written notice. The Transportation Department shall notify the Contractor of the termination by certified letter and the mail date of said letter shall serve as the beginning date of the thirty (30) day notice. The judgment of whether other Agreements for Pupil Transportation Services are continued rests solely with the Transportation Department and the Director of Schools without regard for prior expression or implication. This determination, once made, is not subject to challenge or appeal by the Contractor. APPENDIX 5
