Common use of Funding Reduction(s) Clause in Contracts

Funding Reduction(s). a. If funding for any State fiscal year is reduced or deleted by the Department of Finance, Legislature, or Congress for the purposes of this program, the State shall have the option to either: i. Terminate the Contract pursuant to Exhibit D, Article XII., A of this Agreement, or ii. Offer a contract amendment to the Contractor to reflect the reduced funding for this Contract. b. In the event the State elects to offer an amendment, it shall be mutually understood by both parties that: i. The State reserves the right to determine which contracts, if any, under this program shall be reduced. ii. Some contracts may be reduced by a greater amount than others, and iii. The State shall determine at its sole discretion the amount that any or all of the contracts shall be reduced for the fiscal year.

Funding Reduction(s). a. If funding for any State fiscal year is reduced or deleted by the Department of Finance, Legislature, or Congress for the purposes of this program, the State shall have the option to either: i. Terminate the Contract Agreement pursuant to Exhibit D, Article XII., A of this Agreement, or ii. Offer a contract an Agreement amendment to the Contractor to reflect the reduced funding for this ContractAgreement. b. In the event the State elects to offer an amendment, it shall be mutually understood by both parties that: i. The State reserves the right to determine which contractsagreements, if any, under this program shall be reduced. ii. Some contracts agreements may be reduced by a greater amount than others, and iii. The State shall determine at its sole discretion the amount that any or all of the contracts agreements shall be reduced for the fiscal year.

Funding Reduction(s). a. If funding for any State fiscal year is reduced or deleted by the Department of Finance, Legislature, or Congress for the purposes of this program, the State shall have the option to either: i. Terminate the Contract Agreement pursuant to Exhibit D, Article XII., A of this Agreement, or ii. Offer a contract an agreement amendment to the Contractor to reflect the reduced funding for this ContractAgreement. b. In the event the State elects to offer an amendment, it shall be mutually understood by both parties that: i. The State reserves the right to determine which contractsagreements, if any, under this program shall be reduced. ii. Some contracts agreements may be reduced by a greater amount than others, and iii. The State shall determine at its sole discretion discretion, the amount that any or all of the contracts agreements shall be reduced for the fiscal year.

Funding Reduction(s). a. If funding for any State fiscal year is reduced or deleted by the Department of Finance, Legislature, or Congress for the purposes of this program, the State shall have the option to either: i. Terminate the Contract Agreement pursuant to Exhibit D, Article XII., A of this Agreement, or ii. Offer a contract an agreement amendment to the Contractor to reflect the reduced funding for this ContractAgreement. b. In the event the State elects to offer an amendment, it shall be mutually understood by both parties that: i. The State reserves the right to determine which contracts, if any, under this program shall be reduced. ii. Some contracts may be reduced by a greater amount than others, and iii. The State shall determine at its sole discretion the amount that any or all of the contracts shall be reduced for the fiscal year.

Funding Reduction(s). a. If funding for any State fiscal year is reduced or deleted by the Department of Finance, Legislature, or Congress for the purposes of this program, the State shall have the option to either: i. Terminate the Contract pursuant to Exhibit D, Article XII., A of this Agreement, or ii. Offer a contract amendment to the Contractor to reflect the reduced funding for this Contract. b. In the event that the State elects to offer an amendment, it shall be mutually understood by both parties that: i. The that (1) the State reserves the right to determine which contracts, if any, under this program shall be reduced. ii. Some , (2) some contracts may be reduced by a greater amount than others, and iii. The and (3) the State shall determine at its sole discretion the amount that any or all of the contracts shall be reduced for the fiscal year.

Funding Reduction(s). a. If funding for any State fiscal year is reduced or deleted by the Department of Finance, Legislature, or Congress for the purposes of this program, the State shall have the option to either: i. Terminate the Contract Agreement pursuant to Exhibit D, Article XII., A of this Agreement, or ii. Offer a contract an Agreement amendment to the Contractor to reflect the reduced funding for this ContractAgreement. b. In the event the State elects to offer an amendment, it shall be mutually understood by both parties that: i. The State reserves the right to determine which contracts, if any, under this program shall be reduced. ii. Some contracts may be reduced by a greater amount than others, and iii. The State shall determine at its sole discretion the amount that any or all of the contracts shall be reduced for the fiscal year.