Common use of Loss of Funding Clause in Contracts

Loss of Funding. Performance by a Contracting Party of its duties and obligations under this Contract may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (the “Legislature”) and/or allocation of funds by that Contracting Party’s governing board. If the Legislature fails to appropriate or allot the necessary funds to a Contracting Party, or a Contracting Party’s governing board fails to allocate the necessary funds, then the Contracting Party that loses funding may terminate this Contract without further duty or obligation under this Contract.

Appears in 7 contracts

Samples: Interlocal Cooperation Contract, Interlocal Cooperation Contract, Interlocal Cooperation Contract

AutoNDA by SimpleDocs

Loss of Funding. Performance by a Contracting Party Agency of its duties and obligations under this Contract may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (the “Legislature”) and/or allocation of funds by that Contracting PartyAgency’s governing board. If the Legislature fails to appropriate or allot the necessary funds to a Contracting PartyAgency, or a Contracting PartyAgency’s governing board fails to allocate the necessary funds, then the Contracting Party Agency that loses funding may terminate this Contract without further duty or obligation under this Contract.

Appears in 3 contracts

Samples: Interagency Cooperation Contract, Interagency Cooperation Contract, Interagency Cooperation Contract

Loss of Funding. Performance by a Contracting either Party of its duties and obligations under this Contract may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (the “Legislature”) and/or allocation of funds by that Contracting Party’s governing board. If the Legislature fails to appropriate or allot the necessary funds to a Contracting Party, or a Contracting Party’s governing board fails to allocate the necessary funds, then the Contracting Party that loses funding may terminate this Contract without further duty or obligation under this Contract.

Appears in 1 contract

Samples: Interagency Cooperation Contract

Loss of Funding. Performance by a Contracting Party of its duties and obligations under this Contract may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (the “Legislature”) and/or allocation of funds by that Contracting Party’s governing board. If the Legislature fails to appropriate or allot the necessary funds to a Contracting Party, or a Contracting Party’s governing board fails to allocate the necessary funds, then the Contracting Party that loses funding may terminate this Contract without further duty or obligation under this Contract.

Appears in 1 contract

Samples: Interlocal Cooperation Contract

AutoNDA by SimpleDocs

Loss of Funding. Performance by a Contracting Party any of the parties of its duties and obligations under this Contract Agreement may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (the “Legislature”) and/or allocation of funds by that Contracting Party’s governing board. If the Legislature fails to appropriate or allot the necessary funds to a Contracting Party, or a Contracting Party’s governing board fails to allocate the necessary funds, then the Contracting Party that loses funding may terminate this Contract Agreement without further duty or obligation under this ContractAgreement.

Appears in 1 contract

Samples: Interlocal Cooperation Agreement

Loss of Funding. Performance by a Contracting Party of its duties and obligations under this Contract may be dependent upon the appropriation and allotment of funds by the Texas State Legislature (the “Legislature) and/or allocation of funds by that Contracting Party’s governing board. If the Legislature fails to appropriate or allot the necessary funds to a Contracting Partyfunds, or a Contracting Party’s governing board fails to allocate the necessary funds, then the Contracting Party that loses funding may terminate this Contract without further duty or obligation under this Contractobligation. Contracting Parties agree acknowledge that appropriation, allotment, and allocation of funds are beyond the Contracting Parties’ control.

Appears in 1 contract

Samples: Interlocal Cooperation Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!