Common use of Termination for Unavailability of Funds Clause in Contracts

Termination for Unavailability of Funds. In the event that federal and/or State funds to finance this Agreement become unavailable, HCA may terminate the Agreement immediately in writing to the CONTRACTOR without penalty. The CONTRACTOR shall be entitled to receive, and shall be limited to, just and equitable compensation for any satisfactory authorized work performed as of the termination date for uncompensated work performed on or after Go-Live. Availability of funds shall be determined solely by HCA. HCA’s decision as to whether sufficient funds are available shall be accepted by the CONTRACTOR and shall be final.

Appears in 3 contracts

Sources: Medicaid Managed Care Services Agreement, Medicaid Managed Care Services Agreement, Medicaid Managed Care Services Agreement