Contract Contingency Sample Clauses

Contract Contingency. This contract is contingent on the Early Learning Coalition of Brevard County, Inc., having a signed Grant Agreement with the State of Florida, Office of Early Learning.
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Contract Contingency. This Contract is at all times contingent upon the availability and receipt of state or federal funds that the Department has allocated to this Contract. If funds for this Contract become unavailable during any budget period, this Contract may be immediately terminated or reduced at the discretion of the Department.
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Contract Contingency. This Contract is at all times contingent upon the availability and receipt of state or federal funds that the Department has allocated to this Contract; and, if funds for this Contract become unavailable during any budget period, this Contract may be immediately terminated or reduced by the Department, in its sole determination. The Department shall notify the Contractor when it knows that funds for this Contract will be reduced or eliminated. The Contractor may terminate the Contract based upon such notification. If the Contractor terminates this Contract based on the Department’s notice to reduce or eliminate funding, the Contractor must notify the Department in writing of its intent to terminate the Contract within fifteen (15) calendar days of receipt of the Department’s notification. The notice must contain the actual date of termination and the Contractor’s date of termination must not be less than ten (10) calendar days from the Department’s receipt of such notice and it must not exceed ninety (90) calendar days from the date the Department receives such notice. If the Contractor properly notifies the Department in accordance with this section, the Contractor will be paid at the contracted rate(s) in effect on the day services are delivered until the last child is removed in accordance with the contract termination procedures.
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Contract Contingency. This contract is contingent on the Early Learning Coalition of Brevard County, Inc., Inc. having a signed Grant Agreement with the Agency for Workforce Innovation, Office of Early Learning effective July 1, 2011.
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Contract Contingency. The Project Budget contains a line item (the “Contract Contingency”) created to fund certain unanticipated Costs of the Work. The Owner and the Contractor agree that the Contract Contingency may be decreased or increased only pursuant to this paragraph, may be used only to fund certain unanticipated Cost of the Work and may be used only with the Owner’s prior written concurrence, not to be unreasonably withheld or delayed. Cost of Work that may be funded from the Contract Contingency with the Owner’s prior written concurrence are (i) Cost of Work that arguably was reasonably inferable from or intended by the Contract Documents even though perhaps not specifically represented in such Contract Documents, but was not identified by the Contractor and included in the original Project budget (ii) increased Cost of Work resulting from deficiencies, inconsistencies, error or omissions in the Contract Documents that arguably should have been identified by the Contractor in its review of the Contract Documents and included in the Project Budget, but was not (iii) Cost of the Work incurred as a result of, or to overcome, excused delay including but not limited to increased costs incurred to accelerate the works at the Owner’s direction to overcome excusable delay, (iv) reimbursable cost overruns incurred for any line-item in the original Project Budget other than General Requirements and (v) any other Cost of Work that was not included in the original Project Budget. In no event shall Contract Contingency funds be available for (i) costs not to be reimbursed pursuant to Article 8 or any other provision of this Agreement, (ii) any General Requirements Items, (iii) increases to the Contractor’s Fee or (iv) any Owner- directed upgrades or additions to the Work. A request to use the Contract Contingency shall be submitted to the Owner in form reasonably acceptable to Owner together with a revised Schedule of Values and Project Budget showing the requested transfer of funds from the Contract Contingency to the appropriate Project Budget line-item. The Owner may direct the Contractor to transfer funds from the Contract Contingency and prepare a revised Project Budget reflecting such transfers in the event that the Owner determine that the line-items amounts in the current Project Budget are not sufficient to over anticipated cost of the Work or in the event that the Owner determine that the subject of a Proposed Change Order (“PCOR”) does not entitle the Contractor to an i...
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Contract Contingency. Contract Contingency is a County-controlled contingency requested solely for the purpose of determining the final Budget Not- to-Exceed. It does not alter the circumstances under which Contractor is entitled to additional compensation under the Agreement.
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Contract Contingency. In accordance with Paragraph 2 of the attached Standard TEA Terms and Conditions, this Contract and all renewals and/or extensions, if applicable, are contingent upon the availability of funds to TEA as appropriated by the Texas State Legislature.
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Related to Contract Contingency

  • Construction Contingency The proposed GMP Change Order shall include, as a separately identified item, a Construction Contingency sum in an initial amount (subject to increase or decrease) against which Design-Builder can draw at its election for the purposes set forth in Section 4 Part 4. The initial Construction Contingency sum shall include the contingency amounts stated in all accepted Component Change Orders.

  • FUNDING CONTINGENCY a. In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this Contract and prior to completion of the work in this Contract, DCYF may: (1) Terminate this Contract with ten (10) days advance notice. If this Contract is terminated, the parties shall be liable only for performance rendered or costs incurred in accordance with the terms of this Contract prior to the effective date of termination; (2) Renegotiate the terms of the Contract under the new funding limitations and conditions; (3) After a review of project expenditures and deliverable status, extend the end date of this Contract and postpone deliverables or portions of deliverables; or (4) Pursue such other alternatives as the parties mutually agree to in writing. b. Any termination under this Section (FUNDING CONTINGENCY) shall be considered a Termination for Convenience.

  • BUDGET CONTINGENCY If the Budget Act of the current year covered under this Grant Agreement does not appropriate sufficient funds for this program, this Grant Agreement shall be of no force and effect. This provision shall be construed as a condition precedent to the obligation of the State to make any payments under this Grant Agreement. In this event, the State shall have no liability to pay any funds whatsoever to the Grantee or to furnish any other considerations under this Grant Agreement and the Grantee shall not be obligated to perform any provisions of this Grant Agreement. Nothing in this Grant Agreement shall be construed to provide the Grantee with a right of priority for payment over any other Grantee. If funding for any fiscal year after the current year covered by this Grant Agreement is reduced or deleted by the Budget Act, by Executive Order, or by order of the Department of Finance, the State shall have the option to either cancel this Grant Agreement with no liability occurring to the State, or offer a Grant Agreement amendment to the Grantee to reflect the reduced amount.

  • MORTGAGE CONTINGENCY A. This agreement is contingent upon Purchaser obtaining approval of a Conventional, FHA or VA (if FHA or VA, see attached required addendum) or mortgage loan of $ for a term of no more than years at an initial fixed or adjustable nominal interest rate not to exceed % (percent). Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this contract. Purchaser agrees to apply for such mortgage loan to at least one lending institution or licensed mortgage broker. Upon receipt of a written mortgage commitment or in the event Purchaser chooses to waive this mortgage contingency, Purchaser shall provide notice in writing to of Purchaser’s receipt of the mortgage commitment or of Purchaser’s waiving of this contingency. Upon receipt of such notice this contingency shall be deemed waived or satisfied as the case may be. In the event notice as called for in the preceding sentence has not been received on or before , , then either Purchaser or Seller may within five business days of such date terminate, or the parties may mutually agree to extend, this contract by written notice to . Upon receipt of termination notice from either party, and in the case of notice by the Purchaser, proof of Purchaser’s inability to obtain said mortgage approval, this agreement shall be cancelled, null and void, and all deposits made hereunder shall be returned to the Purchaser.

  • Financing Contingency The Buyer’s obligations herein are contingent on the Buyer’s obtaining financing to pay the balance on the Purchase Price. The Buyer must present to the Seller a binding commitment for financing the purchase of the Property within days from the Effective date. The terms of the financing must be acceptable to and approved by the Buyer who shall not unreasonably withhold such approval. In the event that the Buyer fails to obtain financing within the time allotted, this Agreement shall automatically terminated and all funds paid by the Buyer shall be returned to the Buyer after deducting all reasonable costs incurred by the Seller in good faith in relation this Agreement.