Common use of Financial Consequences for Failure to Timely and Satisfactorily Perform Clause in Contracts

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. REMAINDER OF XXXX INTENTIONALLY LEFT BLANK Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. REMAINDER OF XXXX INTENTIONALLY LEFT BLANK Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.