Common use of Additional Termination Provisions Clause in Contracts

Additional Termination Provisions. a. Upon execution of this Agreement funds appropriated by the State Legislature for the purpose of payment under the HHAP shall be made available for payment under this Agreement subject to the terms and conditions of this Agreement. However, in the unlikely eventuality that the Corporation determines that State funds are unavailable at any time during the duration of this Agreement, this Agreement may be terminated. The Corporation shall give timely written notice to the Sponsor in the event of termination under this paragraph. In the event of such termination the Corporation shall be obligated to pay the Sponsor only for expenditures made and obligations incurred by the Sponsor until such time as written notice of the termination is received by the Sponsor from the Corporation. b. This Agreement may be terminated if the Corporation deems that termination would be in the best interest of the State, provided that the Corporation shall give written notice to the Sponsor not less than thirty days prior to the date upon which such termination shall become effective. In the event of such termination the Corporation shall pay the Sponsor for reasonable and appropriate expenses incurred in good faith. The Sponsor shall incur no new obligations after receipt of notification of termination and shall cancel as many outstanding obligations as possible.

Additional Termination Provisions. a. Upon execution of this Agreement AGREEMENT funds appropriated by the State Legislature for the purpose of payment under the HHAP shall be made available for payment under this Agreement AGREEMENT subject to the terms and conditions of this AgreementAGREEMENT. However, in the unlikely eventuality that the Corporation determines that State funds are unavailable at any time during the duration of this AgreementAGREEMENT, this Agreement AGREEMENT may be terminated. The Corporation shall give timely written notice to the Sponsor in the event of termination under this paragraph. In the event of such termination the Corporation shall be obligated to pay the Sponsor only for expenditures made and obligations incurred by the Sponsor until such time as written notice of the termination is received by the Sponsor from the Corporation. b. This Agreement AGREEMENT may be terminated if the Corporation deems that termination would be in the best interest of the State, provided that the Corporation shall give written notice to the Sponsor not less than thirty days prior to the date upon which such termination shall become effective. In the event of such termination the Corporation shall pay the Sponsor for reasonable and appropriate expenses incurred in good faith. The Sponsor shall incur no new obligations after receipt of notification of termination and shall cancel as many outstanding obligations as possible.