Common use of Funding Out Clause Clause in Contracts

Funding Out Clause. If Customer is a governmental entity receiving federal funds, Customer’s payment obligation may be conditioned upon the availability of funds that are appropriated or allocated by the applicable government agency. If funds are not allocated, Customer may terminate this Agreement at the end of the period for which funds are available. Customer must notify XtraMath in writing within thirty (30) calendar days before termination. Upon termination, XtraMath will be entitled to a pro-rata portion of the fees for Service performed up to the date of termination.

Funding Out Clause. If Customer is a governmental entity receiving federal funds, Customer’s payment obligation may be conditioned upon the availability of funds that are appropriated or allocated by the applicable government agency. If funds are not allocated, Customer may terminate this Agreement at the end of the period for which funds are available. Customer must notify XtraMath Edgenuity in writing within thirty (30) calendar days before termination. Upon termination, XtraMath Edgenuity will be entitled to a pro-rata portion of the fees for Service performed up to the date of termination.