Common use of Appropriation Requirements Clause in Contracts

Appropriation Requirements. All or a portion of the payments promised hereunder by the Trust, may be financed or funded by monies received from The City, a municipal corporation. Financing or funds received from The City will be subject to annual appropriation and encumbrances of revenues by the City Council of The City, as mandated by Okla. Const. Art. 10, § 26 and by the Oklahoma Municipal Budget Act, 11 O.S. §§ 17-201, et seq. However, under no circumstances does or shall The City incur any financial obligation to Rural Sourcing under this Agreement. The City is simply a beneficiary of the Trust, and the Trust remains solely responsible for all financial obligations hereunder.

Appropriation Requirements. All or a portion of the payments promised hereunder by the Trust, may be financed or funded by monies received from The City, a municipal corporation. Financing or funds received from The City will be subject to annual appropriation and encumbrances of revenues by the City Council of The City, as mandated by Okla. Const. Art. 10, § 26 and by the Oklahoma Municipal Budget Act, 11 O.S. §§ 17-201, et seq. However, under no circumstances does or shall The City incur any financial obligation to Rural Sourcing DuraCoatings under this Agreement. The City is simply a beneficiary of the Trust, and the Trust remains solely responsible for all financial obligations hereunder.

Appropriation Requirements. All or a portion of the payments promised hereunder hereunder, by the Trust, may be financed or funded by monies received from The City, a municipal corporation. Financing or funds received from The City will be subject to annual appropriation and encumbrances of revenues by the City Council of The City, as mandated by Okla. Const. Art. 10, § 26 26, and by the Oklahoma Municipal Budget Act, 11 O.S. §§ 17-201, et seq. However, under no circumstances does or shall The City incur any financial obligation to Rural Sourcing AT&T under this Agreement. The City is simply a beneficiary of the Trust, and the Trust remains solely responsible for all financial obligations hereunder.