Transit- Meeting Agenda (12/18/1997)

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Exhibit B Part IV GENERAL OBLIGATIONS State and Recipient agree to comply with any additional provisions, clauses or conditions as shown in Exhibit A. II. This Agreement may be revised or amended by a supplemental written agreement befinreen the parties and executed with the same formalities as this Agreement. III. Termination. A. The State may terminate the project and cancel the agreement in whole or in part whenever: 1. The requisite state and/or federal funding becomes unavailable through failure of appropriation or otherwise; or, 2. The requisite local funding to continue this project becomes unavailable to Recipient; or, 3. Federal or State Laws, rules, regulations or guidelines are modified, changed, or interpreted in such a way that the financial assistance or purchase of equipment provided for in the Agreement is no longer allowable or is no longer eligible for funding proposed by this Agreement; or, 4. Both parties agree that continuation of the Project would not produce results commensurate with the further expenditure of funds. B. The State may, by written notice to Recipient, terminate the Project and cancel the agreement for any of the following reasons: 1. Recipient takes any action pertaining to this Agreement without the approval of State and which under the provisions of this Ag~eement would have required the approval of State; or, 2. The commencement, prosecution, or timely completion of the Project by Recipient is, for any reason, rendered improbable, impossible, or illegal; or, 3. Federal or State laws, rules, regulations or guidelines are modified, changed, or interpreted in such a way that the financial assistance provided for in this Agreement is no longer allowable or is no longer eligible for funding proposed by this Agreement; or, 4. Recipient is in default under any provision of this Agreement. 147