Availability of Funds for the Next Fiscal Year. The City's obligation for performance of the Contract is contingent upon the availability of City, state and federal funds that are allocated or appropriated for payment obligations of the Contract. If funds are not allocated by the City or available for the continued use or purchase of services, work and/or materials set forth herein, the City may terminate the Contract. The City will use reasonable efforts to notify Contractor of such non-allocation affecting the obligations of the Contractor and/or City. The City shall not be penalized or adversely affected for exercise of its termination rights. Further, the City shall in no way be obligated or liable for additional payments or other damages as a result of such termination. No legal liability on the part of the City for any payment may arise for performance under this Contract.
Appears in 5 contracts
Samples: Cooperative Purchasing Agreement, Cooperative Purchasing Agreement, Cooperative Purchasing Agreement
Availability of Funds for the Next Fiscal Year. The City's obligation for performance of the Contract Agreement is contingent upon the availability of City, state and federal funds that are allocated or appropriated for payment obligations of the ContractAgreement. If funds are not allocated by the City or available for the continued use or purchase of services, work and/or materials set forth herein, the City may terminate the Contractthis agreement. The City will use reasonable efforts to notify Contractor NMAAI of such non-allocation affecting the obligations of the Contractor NMAAI and/or City. The City shall not be penalized or adversely affected for exercise of its termination rights. Further, the City shall in no way be obligated or liable for additional payments or other damages as a result of such termination. No legal liability on the part of the City for any payment may arise for performance under this ContractAgreement.
Appears in 1 contract
Samples: Master Agreement
