Common use of Termination for Funding Insufficiency Clause in Contracts

Termination for Funding Insufficiency. In addition to Contract terms relating to termination due to insufficient funding, a Customer may terminate any purchase order or other payment mechanism if funds sufficient to pay obligations under the Contract are not appropriated or received from an intended third-party funding source. The determination by the Customer of insufficient funding shall be accepted by, and shall be final and binding on, the Supplier.

Appears in 25 contracts

Samples: Naspo Valuepoint Master Agreement, Naspo Valuepoint Master Agreement, Statewide Contract

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Termination for Funding Insufficiency. 4.1. In addition to Contract terms relating to termination due to insufficient funding, a the Customer may terminate any purchase order or other payment mechanism if funds sufficient to pay obligations under the Contract are not appropriated or received from an intended third-party funding source. The determination by the Customer of insufficient funding shall be accepted by, and shall be final and binding on, the Supplier.intended

Appears in 1 contract

Samples: Agency Contract

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