Common use of Funding Decrease Clause in Contracts

Funding Decrease. The Commonwealth reserves the right, at its sole discretion, to reduce the total cost of this Agreement when the Federal or State funds appropriated by the U.S. Congress and/or State Legislature are less than anticipated by the Commonwealth after Execution of this Agreement hereunder; or the funds appropriated are later unavailable due to a reduction or reservation in the appropriation. Such decreases will be made in accordance with paragraph 5 (“Funding Adjustments”).

Appears in 19 contracts

Samples: Sea Reserve Agreement, Sea Reserve Agreement, Sea Reserve Agreement

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