GRTC Rights of Termination. GRTC may terminate this Agreement at its sole discretion and for any or no reason upon 30 days’ prior written notice to Contractor. This Agreement is subject to financial assistance provided by the U.S. Department of Transportation, the Virginia Department of Rail and Public Transportation, and the City of Richmond. If expected or actual funding is withdrawn, reduced, or limited in any way during the Term of this Agreement, GRTC may, upon written notice to Contractor, terminate this Agreement in whole or in part.
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Samples: Draft Agreement, Attachment O – GRTC Terms and Conditions, Agreement
GRTC Rights of Termination. GRTC may terminate this Agreement at its sole discretion and for any or no reason upon 30 days’ prior written notice to Contractor. This The parties understand and agree that GRTC’s ability to make payments under this Agreement is subject to and dependent upon financial assistance provided by the U.S. Department of Transportation, the Virginia Department of Rail and Public Transportation, and the City of Richmond, Virginia. If The parties further understand and agree that if any of these governmental entities withdraws, reduces, or limits expected or actual funding is withdrawn, reduced, or limited in to any way during the Term of this Agreementextent, GRTC may, upon written notice to Contractor, immediately terminate this Agreement in whole or in part.
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