FUNDING AGREEMENT TERMINATION Clause Samples
FUNDING AGREEMENT TERMINATION. Grantor may only terminate this project agreement as specified in section 14 of the incorporated Attachment B; or if any state, county, city or federal license, authorization, waiver, permit, qualification or certification required by statute, ordinance, law, or regulation to be held by Grantee or Recipient to provide the goods or services required by this Funding Agreement is for any reason denied, revoked, debarred, excluded, terminated, suspended, lapsed, or not renewed; or if Grantee or Recipient becomes insolvent, subject to receivership, or becomes voluntarily or involuntarily subject to the jurisdiction of the bankruptcy court; or if it is found by the State that any quid pro quo or gratuities in the form of money, services, entertainment, gifts, or otherwise were offered or given by Grantee, or any agent or representative of Grantee, to any officer or employee of the State of Nevada with a view toward securing a Funding Agreement or securing favorable treatment with respect to awarding, extending, amending, or making any determination with respect to the performing of such Funding Agreement, then this Funding Agreement may be immediately terminated by the Grantor.
FUNDING AGREEMENT TERMINATION a. All payments under this agreement are contingent upon receipt by HA of funds from the Department of Housing and Urban Development. Grantor shall cancel this agreement if the agreement is not completed in accordance with the terms and conditions of the grant, including, without limitations time schedules, unless the Grantor determines that a variance is justified. In the event of termination of this Funding Agreement for any reason, the parties shall account for and properly present to each other all claims for fees and expenses and pay those which are undisputed and otherwise not subject to set off under this Funding Agreement.