Unused Balances. Unless otherwise specified, all unused Blanket Order quantities and/or unexpended funds shall be automatically canceled on the expiration of the specified term. Similarly, for orders encompassing more than one State fiscal year, unexpended balances of funding allotted for an individual fiscal year may be liquidated at the close of that fiscal year, at the State's sole option.
Appears in 4 contracts
Samples: Government Procurement Agreement, Contract Purchase Agreement, Contract Purchase Agreement
Unused Balances. Unless otherwise specified, all unused Blanket Order quantities and/or unexpended funds shall be automatically canceled on the expiration of the specified termterm stated in the Contract. Similarly, for orders encompassing more than one State fiscal year, unexpended balances of funding allotted for an individual fiscal year may be liquidated at the close of that fiscal year, at the State's sole option.
Appears in 3 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
