Common use of RECOVERY OF FUNDS Clause in Contracts

RECOVERY OF FUNDS. In the event that this Agreement is terminated, the Board shall be entitled to recover all funds advanced to MATC for which MATC has not yet performed services. Such recovery shall be made on a pro rata basis based on the length of the term of this Agreement and the length of time services were performed by MATC. This recovery by the Board shall not be affected by whether MATC has already spent the funds advanced by the Board. The decision of the Board shall be final.

Appears in 9 contracts

Samples: Agreement Between the Milwaukee Board of School Directors and Milwaukee Area Technical College, Agreement Between the Milwaukee Board of School Directors and Milwaukee Area Technical College, Agreement Between the Milwaukee Board of School Directors and Milwaukee Area Technical College

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