Annual Payments and City Appropriations Sample Clauses

Annual Payments and City Appropriations. The payment of Thorntons’ share of the Municipal Motor Fuel Tax revenue generated from the Subject Property will be made to Thorntons, on a quarterly basis immediately following the first month of Thorntons’ submission of the Municipal Motor Fuel Tax Returns for each month during the Revenue Sharing Term in accordance with Section 3.06 hereof. Subject to this Section 4.04, each payment shall be based solely on the amount of the Municipal Motor Fuel Taxes actually received by the City during the months specified in Thorntons’ Municipal Motor Fuel Tax Return, and shall be paid to Thorntons, or to any other person or entity pursuant to the direction of Thorntons, on a quarterly basis following the first month of Thorntons’ submission of the Municipal Motor Fuel Tax Returns during the Revenue Sharing Term in accordance with Section 3.06 hereof. Each payment will be due and payable solely from the Municipal Motor Fuel Taxes directly generated by this Redevelopment Project and received by the City pursuant to Chapter 120 of the Lockport Code of Ordinances. The City does not represent or guarantee the amount or the level of the payment amounts in this Section 4.04. Such amounts are based solely on the performance of the proposed establishment on the Subject Property. Xxxxxxxxx acknowledges that the payment from the City is not a general obligation of the City or a charge against its general credit or taxing powers but shall be a limited obligation payable solely out of the unencumbered portion of the Municipal Motor Fuel Taxes directly generated from this Redevelopment Project. The City is under no obligation to provide payments required under this Section in the event Thorntons is not current on all other payments due to the City, including but not limited to, water/sewer utility bills and such payments will be off-set by any penalties owed to the City for Xxxxxxxx’x failure to timely open for business as prescribed in Section 3.04. Notwithstanding the foregoing to the contrary, in the event the City suspends, delays, or otherwise stops remitting the Municipal Motor Fuel Tax revenue to Thorntons for any reason other than a default by Thorntons under the terms hereof, this Agreement and the Revenue Sharing Term shall toll on a day for day basis for that/those period(s) of interrupted remittance(s) by the City.
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Related to Annual Payments and City Appropriations

  • Annual Appropriations The State’s performance and obligation to pay under this contract are contingent upon an annual appropriation by the Legislature.

  • Fiscal Appropriations This Contract is subject to and contingent upon available local, state, and/or federal funds and applicable budgetary appropriations being approved by the County of Orange Board of Supervisors for each fiscal year during the term of this Contract. If such appropriations are not approved, the Contract will be terminated, without penalty to the County.

  • Appropriations Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, each Finance Party (or any trustee or agent on its behalf) may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by that Finance Party (or any trustee or agent on its behalf) in respect of those amounts, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise) and no Guarantor shall be entitled to the benefit of the same; and (b) hold in an interest-bearing suspense account any moneys received from any Guarantor or on account of any Guarantor’s liability under this Clause 17.

  • Authorization of appropriations For the acquisition of lands or interests in lands designated by section 410z of this title, as components of the Boston National Historical Park, there is authorized to be appropriated not to exceed $2,740,000. For development of the com- ponents designated as paragraphs 1 through 6 in section 410z of this title, there is authorized to be appropriated not more than $12,818,000. For the development of the component designated as paragraph 7 in section 410z of this title, there is authorized to be appropriated not more than $11,500,000. (Pub. L. 93–431, § 7, Oct. 1, 1974, 88 Stat. 1186.) SUBCHAPTER LVIII—VALLEY FORGE NATIONAL HISTORICAL PARK

  • Non-Appropriation If this Agreement extends into more than one fiscal year of the State (July 1 to June 30), and if appropriations are insufficient to support this Agreement, the State may cancel at the end of the fiscal year, or otherwise upon the expiration of existing appropriation authority. In the case that this Agreement is a Grant that is funded in whole or in part by Federal funds, and in the event Federal funds become unavailable or reduced, the State may suspend or cancel this Grant immediately, and the State shall have no obligation to pay Subrecipient from State revenues.

  • General Assembly Appropriation The Recipient hereby acknowledges and agrees that the financial assistance provided under this Agreement is entirely subject to, and contingent upon, the availability of funds appropriated by the General Assembly for the purposes set forth in this Agreement and in Chapter 164 of the Revised Code. The Recipient further acknowledges and agrees that none of the duties and obligations imposed by this Agreement on the Director shall be binding until the Recipient has complied with all applicable provisions of Chapter 164 of the Revised Code and Chapter 164-1 of the Administrative Code and until the Recipient has acquired and committed all funds necessary for the full payment of the Matching Funds applicable to the Project.

  • Annual Appropriation Pursuant to section 287.0582, F.S., if the Contract binds the State of Florida or an agency for the purchase of services or tangible personal property for a period in excess of one fiscal year, the State of Florida’s performance and obligation to pay under the Contract is contingent upon an annual appropriation by the Legislature.

  • ADJUSTEMENT/ APPROPRIATION OF PAYMENTS The Allottee authorized the Promoter to adjust/ appropriate all payments made by him/ her under any head(s) of dues against lawful outstanding of the Allottee against the [Apartment/Plot], if any, in his/ her name and the Allottee undertakes not to object/ demand/ direct the Promoter to adjust his payments in any manner.

  • Expropriation and Compensation An action or a series of related actions by a Member State cannot constitute an expropriation unless it interferes with a tangible or intangible property right or property interest in a covered investment.

  • Annual Appropriation of Funds Contractor acknowledges that the Contract term may extend over multiple City fiscal years, and that work and compensation under this Contract is contingent on the City Council appropriating funding for and authorizing such work and compensation for those fiscal years. This Contract may be terminated at the end of the fiscal year for which sufficient funding is not appropriated and authorized. City is not obligated to pay Contractor for any amounts not duly appropriated and authorized by City Council.

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