Common use of At Termination Clause in Contracts

At Termination. At the termination of this Funding Agreement, any unused funds after all obligations are satisfied shall be rolled over to the next funding agreement; provided, however, the Parties have agreed to a subsequent funding agreement. If the Parties have not agreed to a subsequent funding agreement, any unused funds after all obligations are satisfied shall be returned to the Parties based on their percentage share of the approved budget.

Appears in 4 contracts

Sources: Funding Agreement, Northern Tier Transmission Group Funding Agreement, Funding Agreement