Common use of Termination Settlement Clause in Contracts

Termination Settlement. When an Agreement is terminated under any of the terms of this Agreement, the Contracted State Agency shall be prohibited form incurring additional obligations of Agreement funds. The Departmental Component may allow costs which the Contracted State Agency could not reasonably avoid during the Termination process to the extent that said costs are determined to be necessary and reasonable.

Appears in 5 contracts

Samples: Department of Human Services Agreement, Department of Human Services Agreement, Department of Human Services Agreement

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Termination Settlement. When an Agreement is terminated under any of the terms of this Agreement, the Contracted State Agency Entity shall be prohibited form from incurring additional obligations of Agreement funds. The Departmental Component may allow costs which the Contracted State Agency Entity could not reasonably avoid during the Termination process to the extent that said costs are determined to be necessary and reasonable. The Contracted State Entity and Departmental Component shall settle or adjust all accounts in a manner specified by the Department and shall be subject to a final audit under Section 3.04 Audit.

Appears in 1 contract

Samples: www.nj.gov

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