Fiscal Funding Out. The City reasonably believes that sufficient funds can be obtained to make all payments during the term of this Agreement. Pursuant to NRS Chapter 354, if the City does not allocate funds to continue the function performed by the Provider under this Agreement, this Agreement will be terminated when appropriated funds expire.
Fiscal Funding Out. In the event the City fails to appropriate funds for the performance of the Contract, the Contract will terminate once the existing funds have been exhausted.
Fiscal Funding Out. Owner reasonably believes that funds can be obtained sufficiently to make all payments during the term of this Contract. If Owner does not allocate funds to continue the purchase of the product and/or service, this Contract shall be terminated when appropriated funds expire.
Fiscal Funding Out. In the event no funds or insufficient funds are appropriated by the City in any fiscal period for any payments hereunder, City will notify Contractor of such occurrence and this Agreement shall terminate on the last day of the fiscal period for which appropriations were received without penalty or expense to City of any kind whatsoever, except as to the portions of the payments herein agreed upon for which funds shall have been appropriated.
Fiscal Funding Out. Sub-recipient may terminate this AGREEMENT immediately upon email or other written notice should funding cease or be materially decreased during the term of this AGREEMENT.
Fiscal Funding Out. If for any reason, at any time during any term of this CONTRACT, the City Council fails to appropriate funds sufficient for CITY to fulfill its obligations under this CONTRACT, CITY may terminate this CONTRACT pursuant to Section II of this CONTRACT following (i) delivery by the CITY to BUREAU of written notice of the CITY’s intention to terminate or (ii) the last date for which funding has been appropriated by the City Council for the purposes set forth in this CONTRACT.
Fiscal Funding Out. Notwithstanding anything in this Agreement regarding either Party allocating funds to undertake its responsibilities under this Agreement or to make payments under this Agreement, such obligations constitute a commitment of revenues for the current fiscal year only and does not create an impermissible debt. In the event that either Xxxxxxx Xxxxxxx Academy or the College’s Board of Trustees fails to obtain and appropriate funds for any fiscal year during the Term, despite its best efforts, then an event of non-appropriation (“Non-Appropriation”) shall be deemed to have occurred. If a Non-Appropriation occurs, then: (i) the Party will provide immediate notice of such Non-Appropriation to the other Party and provide written notice of such failure by its governing body at least 45 days prior to the end of the then current fiscal year or if Non-Appropriation has not occurred by such date, immediately upon Non-Appropriation; and (ii) this Agreement shall terminate on the last day of the fiscal year for which funds were appropriated without penalty or expense to either Party except for any amounts owed during the period prior to the next fiscal year for which funds were not allocated.
