Common use of FINANCIAL DISTRESS Clause in Contracts

FINANCIAL DISTRESS. CSI's obligation to perform the monetary provisions of this Collective Bargaining Agreement is contingent on the receipt of available funding. If necessary funding is not available then CSI shall be relieved of its economic obligations hereunder and the parties shall resume bargaining on all economic issues.

FINANCIAL DISTRESS. CSI's ’s obligation to perform the monetary provisions of this Collective Bargaining Agreement is contingent on the receipt of available funding. If necessary funding is not available then CSI shall be relieved of its economic obligations hereunder and the parties shall resume bargaining on all economic issues.