Multi-Year Contracts Contingent Upon Appropriations (USM Sample Clauses

Multi-Year Contracts Contingent Upon Appropriations (USM. Feb. 2000) If the General Assembly fails to appropriate funds or if funds are not otherwise made available for continued performance for any fiscal period of this Contract succeeding the first fiscal period, this Contract shall be canceled automatically as of the beginning of the fiscal year for which funds were not appropriated or otherwise made available; provided, however, that this will not affect either the University's rights or the A/E rights under any termination clause in this Contract. The effect of termination of the Contract hereunder will be to discharge both the A/E and the University from future performance of the Contract, but not from their rights and obligations existing at the time of termination. The A/E shall be reimbursed for the reasonable value of any non-recurring costs incurred but not amortized in the price of the Contract. The University shall notify the A/E 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.
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Related to Multi-Year Contracts Contingent Upon Appropriations (USM

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