Common use of Sufficiency of Funds Clause in Contracts

Sufficiency of Funds. A. It is mutually understood between the parties that this Agreement may have been written before ascertaining the availability of congressional appropriation of funds, for the mutual benefit of both parties in order to avoid program and fiscal delays, which would occur if this Agreement were executed after the determination was made. B. This Agreement is valid and enforceable only if sufficient funds are available to RISE by the United States Government, through DHCD, for the purposes of the CDBG-NDR Program. In the event there is a withdrawal of, or any limitation on, RISE’s expenditure authority or any funding of the Program, RISE may elect to terminate this Agreement, in whole or in part, in its sole discretion and upon ten

Sufficiency of Funds. A. It is mutually understood between the parties that this Agreement may have been written before ascertaining the availability of congressional appropriation of funds, for the mutual benefit of both parties in order to avoid program and fiscal delays, which would occur if this Agreement were executed after the determination was made. B. This As noted in Section 38 below, this Agreement is valid and enforceable only if sufficient funds are available to RISE the Department by the United States Government, through DHCD, Government for the purposes of the CDBG-NDR Program. In the event there is a withdrawal of, or any limitation on, RISEthe Department’s expenditure authority or any funding of the Program, RISE the Department may elect to terminate this Agreement, in whole or in part, in its sole discretion and upon ten