Availability of Appropriations. This agreement is contingent upon and subject to the availability of funds. The University, in its sole option, may terminate or suspend this Agreement, in whole or in part, without penalty or further payment being required, if (1) the Illinois General Assembly or other funding source fails to make an appropriation sufficient to pay such obligation, or if funds needed are insufficient for any reason (30 ILCS 500-20-60); (2) the Governor decreases the University's funding by reserving some or all of the University's appropriation(s) pursuant to power delegation to the Governor by the Illinois General Assembly; or (3) the University determines, in its sole discretion or as directed by the Office of the Governor, that a reduction is necessary or advisable based upon actual or projected budgetary considerations. The contractor/vendor will be notified in writing of the failure or reduction of the appropriation.
Appears in 7 contracts
Samples: General Services Agreement, General Services Agreement, General Services Agreement
