Common use of TERMINATION FOR NECESSITY Clause in Contracts

TERMINATION FOR NECESSITY. TIB may, with ten (10) days written notice, terminate this Agreement, in whole or in part, because funds are no longer available for the purpose of meeting TIB’s obligations. If this Agreement is so terminated, TIB shall be liable only for payment required under this Agreement for performance rendered or costs incurred prior to the effective date of termination.

Appears in 18 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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