CASH BASIS. BUDGET (for multi-year agreements)
CASH BASIS. Notwithstanding anything contained in the Agreement to the contrary, it is understood and agreed by the parties hereto that City is obligated only to pay periodic payments or monthly installments under the Agreement as may lawfully be made from funds budgeted and appropriated for such purpose during the City’s then current budget Year (i.e. January 1 to December 31) or from funds made available from any lawfully operated, revenue producing source. Should City fail to budget, appropriate or otherwise make available funds for payments due under the Agreement in any budget year, the Agreement shall be deemed terminated on the last day of the then current budget year for which appropriations were received without penalty or expense to the City of any kind whatsoever, except as to the portions of the recurring charges herein agreed upon for which funds have appropriated and budgeted or are otherwise made available. City agrees to notify Vendor of such termination, which shall not constitute a default under the Agreement, as least sixty (60) days prior to the end of the City’s then current budget year. This paragraph shall not be construed so as to permit City to terminate the Agreement in order to acquire any other functionally similar product or service or to allocate funds directly or indirectly to perform essentially the same application for which the product or service under the agreement is intended.
CASH BASIS. Unless a Majority of the Managers determines that the Company should use another method, the Company shall use the cash method of accounting. All decisions as to accounting matters, except as otherwise specifically set forth herein, shall be made by the Board of Managers. The Members may rely upon the advice of their accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.
CASH BASIS. The cash basis may be used in Seattle’s discretion for new supply facilities and new transmission facilities, or a portion thereof. Under the cash basis, the infrastructure cost for a facility in any year shall be the actual cash expenditure made by Seattle in that year for either the payment of construction costs or actual principal and interest costs on debt issued to finance its construction. In the event that the depreciation lifetime of the facility is less than the term of the debt issued to finance all or a portion of the facility, debt maturities will be selected such that the construction cost of the facility will be fully amortized at the end of its depreciation lifetime.
CASH BASIS. This Agreement and the obligations of the City hereunder, are subject to the Kansas Cash Basis Law (K.S.A. 10-1100, et. seq.) and Budget Law (K.S.A. 75-2529, et. seq.). The City is obligated only to make payments under this Agreement as may be lawfully made from funds budgeted and appropriated for the purposes as set forth in this Agreement, in accordance with the foregoing and other applicable laws and regulations.
CASH BASIS. 9.1 The Client hereby agrees that all transactions undertaken through the Account will be on a cash settlement basis unless the Client has entered into a margin trading agreement with NCB Capital. If the Client conducts a transaction for the purchase of Investments, the Client undertakes to have sufficient cash funds in the Account at the time the Client places an order. Likewise, if the Client conducts a transaction on a cash basis for the sale of Investments, the Client undertakes to have a sufficient quantity of such Investments in good delivery form in the Account at the time the Client places the sell order.
9.2 If the Client fails to meet NCB Capital's settlement obligations in respect of any transaction by the relevant settlement date, NCB Capital may elect not to execute any transaction and NCB Capital is hereby authorised to liquidate any and all Investments in the Account, and to take any action it deems necessary or appropriate for the Client's protection and/or to remedy the Client's default.
CASH BASIS. Notwithstanding anything contained in the Agreement to the contrary, it is understood and agreed by the parties hereto that City is obligated only to pay periodic payments or monthly installments under the Agreement as may lawfully be made from funds budgeted and appropriated for such purpose during the City’s then current budget Year (i.e.
January 1 to December 31) or from funds made available from any lawfully operated, revenue producing source. Should City fail to budget, appropriate or otherwise make available funds for payments due under the Agreement in any budget year, the Agreement shall be deemed terminated on the last day of the then current budget year for which appropriations were received without penalty or expense to the City of any kind whatsoever, except as to the portions of the recurring charges herein agreed upon for which funds have appropriated and budgeted or are otherwise made available. City agrees to notify Consultant of such termination, which shall not constitute a default under the Agreement, as least sixty (60) days prior to the end of the City’s then current budget year.
CASH BASIS. 9.1 The Client hereby agrees that all transactions undertaken through the Account will be on a cash settlement basis unless the Client has entered into a margin trading agreement with NCB Capital. If the Client conducts a transaction for the purchase of Investments, the Client undertakes to have sufficient cash funds in the Account at the time the Client places an order. Likewise, if the Client conducts a transaction on a cash basis for the sale of Investments, the Client undertakes to have a sufficient quantity of such Investments in good delivery form in the Account at the time the Client places the sell order.
9.2 If the Client fails to meet NCB Capital's settlement obligations in respect of any transaction by the relevant settlement date, NCB Capital may elect not to execute any transaction and NCB Capital is hereby authorised to liquidate any and all Investments in the Account, and to take any action it deems necessary or appropriate for the Client's protection and/or to remedy the Client's default.
9.3 The Client may from time to time instruct and authorize NCB Capital, using the feature on NCB Capital Platform, to debit the Client’s bank account with the National Commercial Bank for purposes of crediting cash to the Account for the Client to conduct transactions for purchase of Investments. By electing to use this feature the Client shall be deemed to have irrevocably provided all authorizations and consents to NCB Capital necessary for it to take actions and steps to debit the Client’s bank account with the National Commercial Bank.
CASH BASIS. The City's cost of water determined according to the principles established in Section 2.6.3C except that the District’s related annual bond or loan debt service and repayment obligations to the City for principal and interest shall be included in the annual cost calculation, which will include a charge and a volume charge, and the return on rate base and annual depreciation expense shall be excluded.
CASH BASIS. Notwithstanding anything contained in the Agreement to the contrary, it is understood and agreed by the parties hereto that the CITY is obligated only to pay periodic payments or monthly installments under the Agreement as may lawfully be made from funds budgeted and appropriated for such purpose during the CITY’S then current budget Year (i.e. January 1 to December 31) or from funds made available from any lawfully operated, revenue producing source. Should CITY fail to budget, appropriate or otherwise make available funds for payments due under the Agreement in any budget year, the Agreement shall be deemed terminated on the last day of the then current budget year for which appropriations were received without penalty or expense to the CITY of any kind whatsoever, except as to the portions of the recurring charges herein agreed upon for which funds have appropriated and budgeted or are otherwise made available. CITY agrees to notify XX. XXXXXXXXXX of such termination, which shall not constitute a default under the Agreement, as least sixty (60) days prior to the end of the CITY’S then current budget year. This paragraph shall not be construed so as to permit CITY to terminate the Agreement in order to acquire any other functionally similar Service or to allocate funds directly or indirectly to perform essentially the same application for which the Service under the agreement is intended
