Common use of Receipt of Funds Clause in Contracts

Receipt of Funds. All payments shall be subject to the receipt of grant funds by the Grantee. The termination, reduction, or delay of grant funds to the Grantee shall, at the option of the Grantee, be reflected in a corresponding modification to grants already made.

Receipt of Funds. ‌ All payments shall be subject to the receipt of grant funds by the Grantee. The termination, reduction, or delay of grant funds to the Grantee shall, at the option of the Grantee, be reflected in a corresponding modification to grants already made.