Common use of Multi-Year Contracts Clause in Contracts

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 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 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 contractContract. The effect of termination of the contract hereunder Contract will be to discharge both the Contractor and the Department from future performance of the contractContract, but not from their obligation existing at the time of termination. The Contractor shall be reimbursed for the reasonable value of any non-non- recurring costs incurred, but not amortized in the price of the contractContract. 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 the General Assembly fails to appropriate funds, funds or if funds are not otherwise made available for continued performance of the contract for any fiscal period of the contract this Contract succeeding the first fiscal period, the contract this Contract shall be cancelled automatically cancelled 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 Department's University’s rights or the Contractor's Contractors rights under any other termination clause in the contractthis Contract. The effect of termination of the contract Contract hereunder will be to discharge both the Contractor and the Department University from future performance of the contractContract, but not from their obligation rights and obligations existing at the time of termination. The Contractor shall be reimbursed for the reasonable value of any non-non- recurring costs incurred, incurred but not amortized in the price of the contract. The State University 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 the General Assembly fails to appropriate funds, or if funds are not otherwise made available for continued performance of the contract Contract for any fiscal period of the contract Contract succeeding the first fiscal period, the contract 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 contractContract. The effect of termination of the contract hereunder Contract will be to discharge both the Contractor and the Department from future performance of the contractContract, 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 contractContract. 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.