Common use of LOSS OR REDUCTION OF FUNDING Clause in Contracts

LOSS OR REDUCTION OF FUNDING. In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this contract and prior to normal completion, the Department may immediately terminate the contract in its sole discretion under the "Termination for Convenience" clause, without the ten (10) day notice requirement. Alternatively, the parties may renegotiate the terms of this contract under the “CONTRACT MODIFICATIONS” provision to comply with new funding limitations and conditions, although the Department has no obligation to do so.

LOSS OR REDUCTION OF FUNDING. In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this contract agreement and prior to normal completion, the Department may immediately suspend or terminate the contract agreement in its sole discretion under the "Termination for Convenience" clause, without the ten (10) day notice requirement. Alternatively, the parties may renegotiate the terms of this contract agreement under the “CONTRACT MODIFICATIONS” provision to comply with new funding limitations and conditions, although the Department has no obligation to do so.