Common use of Unspent Funds Clause in Contracts

Unspent Funds. In the event this Agreement is terminated by the CITY pursuant to the terms of this Agreement and unspent Hotel HOT reserved for XXXX costs and expenditures remains, then such unspent amounts shall be eligible for use by the CITY in any manner permitted by Chapter 351 of the Texas Tax Code and INSERT ENTITY NAME HERE shall have no further right or entitlement to the receipt of such funds, except for the payment of eligible costs and expenses reasonably incurred by the INSERT ENTITY NAME HERE up to and including the date of termination.

Unspent Funds. In the event this Agreement is terminated by the CITY pursuant to the terms of this Agreement and unspent Hotel HOT reserved for XXXX costs and expenditures remains, then such unspent amounts shall be eligible for use by the CITY in any manner permitted by Chapter 351 of the Texas Tax Code and INSERT ENTITY NAME HERE shall have no further right or entitlement to the receipt of such funds, except for the payment of eligible costs and expenses reasonably incurred by the INSERT ENTITY NAME HERE up to and including the date of termination.

Unspent Funds. In the event this Agreement is terminated by the CITY pursuant to the terms of this Agreement and unspent Hotel HOT reserved for XXXX costs and expenditures remains, then such unspent amounts shall be eligible for use by the CITY in any manner permitted by Chapter 351 of the Texas Tax Code and INSERT ENTITY NAME HERE CHAMBER OF COMMERCE shall have no further right or entitlement to the receipt of such funds, except for the payment of eligible costs and expenses reasonably incurred by the INSERT ENTITY NAME HERE CHAMBER OF COMMERCE up to and including the date of termination.