Common use of DECREASE IN FUNDING Clause in Contracts

DECREASE IN FUNDING. If the Regional Subrecipient determines that the Program Subrecipient is unable to spend the funding included in this Sub-grant Agreement in a timely manner and that the Program Subrecipient is therefore unable to fully carry out the work required under the Sub-grant Agreement in the timeframe required by the Sub-grant Agreement, the Regional Subrecipient reserves the right to decrease funding to the Program Subrecipient by prior written notice. The decrease in funding shall be reflected by a revised Budget and, if necessary, shall also include a revised Work Statement showing any reduction in work resulting from the decrease in funding. The decision to decrease funding is solely within the discretion of the Regional Subrecipient.

DECREASE IN FUNDING. If the Regional Subrecipient determines that the Program Subrecipient is unable to spend the funding included in this Sub-grant Subgrant Agreement in a timely manner and that the Program Subrecipient is therefore unable to fully carry out the work required under the Sub-grant Subgrant Agreement in the timeframe required by the Sub-grant Subgrant Agreement, the Regional Subrecipient reserves the right to decrease funding to the Program Subrecipient by prior written notice. The decrease in funding shall be reflected by a revised Budget and, if necessary, shall also include a revised Work Statement showing any reduction in work resulting from the decrease in funding. The decision to decrease funding is solely within the discretion of the Regional Subrecipient.