Multi-Year Contracts. The obligations of the County hereunder shall not constitute a general obligation indebtedness or multiple year direct or indirect debt or other financial obligation whatsoever within the meaning of the Constitution or laws of the State of Colorado.
Multi-Year Contracts. If the General Assembly fails to appropriate funds, or if funds are not otherwise made available for continued performance of the contract for any fiscal period of the contract succeeding the first fiscal period, the contract shall be automatically cancelled as of the beginning of the fiscal year for which funds were not appropriated or otherwise made available; provided, however, this will not affect either the Department's rights or the Contractor's rights under any other termination clause in the contract. The effect of termination of the contract hereunder will be to discharge both the Contractor and the Department from future performance of the contract, but not from their obligation existing at the time of termination. The Contractor shall be reimbursed for the reasonable value of any non-recurring costs incurred, but not amortized in the price of the contract. The State shall notify the Contractor as soon as it has knowledge that funds may not be available for the continuation of this Contract for each succeeding fiscal period beyond the first.
Multi-Year Contracts. If funds are not appropriated or otherwise made available to support continuation in any fiscal year succeeding the first fiscal year of a multi-year contract, this contract shall be terminated automatically as of the beginning of the fiscal year for which funds are not available. The contractor is not entitled to recover any anticipatory profits or incurred after termination.
Multi-Year Contracts. An adjunct faculty member who meets the eligibility requirements above shall be offered a multi-year contract of up to three (3) years when the curriculum deans and a committee of faculty, have determined that there is an ongoing curricular need for the adjunct faculty member’s discipline or expertise. Adjunct faculty members who are offered multi-year contracts will be expected to continue teaching the same or substantially similar offerings throughout the term of the contract, provided that the curriculum deans may make or permit exceptions to this expectation consistent with College needs and the faculty member’s ability.
Multi-Year Contracts. It is understood and agreed between the parties to this agreement, that this contract shall be multi-year in nature and is designed to cover the labor and management understanding for all Employees covered by the contract for four (4) years, provided that in the event that Township legislation is required, the effectiveness of the provisions shall be postponed until said Township legislation is adopted, but shall be retroactive in any event until January 1st of the year involved.
Multi-Year Contracts. If funds are not appropriated or otherwise made available to support continuation in any fiscal year succeeding the first fiscal year, this contract and the Contractor may not recover costs incurred after termination.
Multi-Year Contracts. Section 50-2 of the Illinois Procurement Code provides that every person that has entered into a contract or contract renewal for more than one year in duration shall certify, by January 1 of each fiscal year covered by the contract after the initial fiscal year, to the chief procurement officer for the DEPARTMENT, a written statement of any changes that affect its ability to satisfy the requirements of Article 50 of the Illinois Procurement Code pertaining to eligibility for a contract award. If a consultant or subconsultant continues to meet all requirements of said Article, or if the work under the AGREEMENT has been substantially completed before contract expiration, but the contract term has not yet expired, it shall not be required to submit such a certification. If a consultant or subconsultant is not able to truthfully certify that it continues to meet all requirements, it shall provide with its certification a detailed explanation of the circumstances leading to the change in certification status. A consultant or subconsultant that makes a material false statement in relation to any given certification required under Article 50 is, in addition to any other penalties or consequences prescribed by law, subject to liability under the Illinois False Claims Act for submission of a false claim.
Multi-Year Contracts. A committee will be formed to review the feasibility of multi-year contracts. Said committee shall be comprised of members of the Association and individuals appointed by the College.
Multi-Year Contracts. In the event that IBM strategically sources a contract for Solectron that has a term that exceeds 12 months and that provides for multiple period over period reductions in the price to Solectron and provided further that the contract has been negotiated and structured by IBM in good faith to maximize the savings to Solectron and not to circumvent the provisions of Section 4.1(b)(i), above, IBM will be entitled to accrue savings to this contract after the limitations imposed by Section 4.1(b)(i) until such period over period reduction ends. For the purposes of Section 6 (Baseline), and in a manner consistent with Section 6.1 (Prior Period Price), the Baseline applicable to the savings that accrue after the limitation of Section 4.1(b)(i) shall be the price paid during the previous period, assuming the then-current market price for the product remains above the price paid during the previous period. [*] Confidential to Solectron and IBM * Omitted and filed separately with the SEC pursuant to a confidential treatment request
Multi-Year Contracts. Multi-year contracts require approval by the Board of Supervisors if the annual amount exceeds $50,000 or the County Administrative Officer if the annual amount is less than $50,000. -->
