Common use of Financial Consequences for Failure to Timely and Satisfactorily Perform Clause in Contracts

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. DocuSign Envelope ID: 1591772F-40D4-4CC0-8DC7-8786451774DB Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. DocuSign Envelope ID: 1591772F-40D46F3C1537-4CC05D52-8DC7495F-9E74-8786451774DB 2F2E358E9F0B Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. DocuSign Envelope ID: 1591772F-40D4223A02B5-4CC044AF-48CF-92A5-8DC7-8786451774DB 9909582BC84B Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. DocuSign Docusign Envelope ID: 1591772F-40D49F00B6D7-4CC039AC-4EC9-8DC7-8786451774DB A94F-8D503E8A21CB Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. DocuSign Envelope ID: 1591772F-40D4A0133B55-4CC0B26C-4343-8DC7829C-8786451774DB A0CEBCE6E042 Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.

Financial Consequences for Failure to Timely and Satisfactorily Perform. Violations of this Agreement or applicable licenses, or failure to provide the deliverables, may result, except as detailed above, in termination of access to awarded solutions and require immediate removal of all software, hardware, or related services. Grantee may be subject to financial assessments related to such violations. This provision for financial consequences shall not affect the Department’s right to terminate the Agreement as provided elsewhere in the Agreement. DocuSign Envelope ID: 1591772F-40D45E8AEFF8-4CC03473-8DC741F2-8786451774DB 81CB-1C112196410D Department of Financial Services The administration of resources awarded by the Department of Management Services (Department) to the Grantee may be subject to audits and/or monitoring by the Department, as described in this section.