Common use of Termination Due to Loss of Funding Clause in Contracts

Termination Due to Loss of Funding. This Contract will terminate, in whole or in part, at the discretion of the City in the event that the funds for the project are withdrawn. In this event, the City will give the Contractor advance written notice which sets forth the effective date of the termination and explain that the termination is due to a loss of Project funding.

Termination Due to Loss of Funding. This Contract will terminate, in whole or in part, at the discretion of the City in In the event that the funds for funding agencies reduce or terminate payments under the funding program so as to prevent the City from paying the Contractor with project are withdrawn. In this eventfunds, the City will give the Contractor advance written notice which that sets forth the effective date of the termination and explain that explains the termination is due to a loss of Project fundingreasons for the termination. The notice shall also describe the conditions for any reimbursement for any work completed.