Common use of Termination for Non-Appropriation Clause in Contracts

Termination for Non-Appropriation. This Contract shall not be construed as creating any debt on behalf of the State of Texas and/or the GLO or Receiving Agency in violation of Tex. Const. art. III §49. In compliance with Tex. Const. art. VIII §6, it is understood that all obligations of the GLO and Receiving Agency are subject to the availability of funds. If such funds are not appropriated or become unavailable, this Contract may be terminated. In that event, the Parties shall be discharged from further obligations, subject to the equitable settlement of their respective interests accrued up to the date of termination.

Appears in 13 contracts

Samples: Interagency Cooperation Contract, Interagency Cooperation Contract, Interagency Cooperation Contract

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