Common use of Termination Due to the Lack of Funds Clause in Contracts

Termination Due to the Lack of Funds. The funds utilized for this Agreement are from the State’s 2024-2025 Fiscal Year, which begins July 1, 2024, and expires on June 30, 2025. If funds become unavailable for this Agreement’s purpose, such event will not constitute a default by the Department or the State. The Department agrees to notify the Grantee in writing at the earliest possible time if funds are no longer available. In the event that any State funds upon which this Agreement depends are withdrawn or redirected, the Department may terminate this Agreement by providing written notice to the Grantee. The Department will be the final authority as to the availability of funds.

Termination Due to the Lack of Funds. The funds utilized for this Agreement are from the State’s 20242022-2025 2023 Fiscal Year, which begins July 1, 20242022, and expires on June 30, 20252023. If funds become unavailable for this the Agreement’s purpose, such event will not constitute a default by the Department or the State. The Department agrees to notify the Grantee in writing at the earliest possible time if funds are no longer available. In the event that any funding identified by the Grantee as funds to be provided for completion of the project as described herein becomes unavailable, including if any State funds upon which this Agreement depends are withdrawn or redirected, the Department may terminate this Agreement by providing written notice to the Grantee. The Department will be the final authority as to the availability of funds.

Termination Due to the Lack of Funds. The funds utilized for this Agreement are from the State’s 20242022-20232024-2025 Fiscal Year, which begins July 1, 202420222024, and expires on June 30, 202520232025. If funds become unavailable for this thethis Agreement’s purpose, such event will not constitute a default by the Department or the State. The Department agrees to notify the Grantee in writing at the earliest possible time if funds are no longer available. In the event that any funding identified by the Grantee as funds to be provided for completion of the project as described herein becomes unavailable, including ifIn the event that any State funds upon which this Agreement depends are withdrawn or redirected, the Department may terminate this Agreement by providing written notice to the Grantee. The Department will be the final authority as to the availability of funds.