Common use of Limitation of Payments Clause in Contracts

Limitation of Payments. City shall notify Contractor at the earliest possible time if this Contractor will or may be affected by a shortage of funds. No liability shall accrue to City in the event this provision is exercised, and the City shall not be obligated or liable for any future payments due or for any damages as a result of termination under this section. This provision shall not be construed so as to permit City to terminate this contract in order to acquire similar services from another party. The Contractor shall be paid for all services provided and expenses incurred prior to receipt of any such notification that City was terminating the Contract because of a shortage of funds.

Limitation of Payments. City shall notify Contractor at the earliest possible time if this Contractor Contract will or may be affected by a shortage of funds. No liability shall accrue to City in the event this provision is exercised, and the City shall not be obligated or liable for any future payments due or for any damages as a result of termination under this section. This provision shall not be construed so as to permit City to terminate this contract in order to acquire similar services from another party. The Contractor shall be paid for all services provided and expenses incurred prior to receipt of any such notification that City was terminating the Contract because of a shortage of funds.

Limitation of Payments. City shall notify Contractor at the earliest possible time if this Contractor Contract will or may be affected by a shortage of funds. No liability shall accrue to City in the event this provision is exercised, and the City shall not AGREEMENT XXXXXXX XXXX XX XXXXXXX, XXXXXXX be obligated or liable for any future payments due or for any damages as a result of termination under this section. This provision shall not be construed so as to permit City to terminate this contract in order to acquire similar services from another party. The Contractor shall be paid for all services provided and expenses incurred prior to receipt of any such notification that City was terminating the Contract because of a shortage of funds.