Common use of Certification of Funds Clause in Contracts

Certification of Funds. It is expressly understood and agreed by the parties that none of the rights, duties, and obligations described in this contract shall be binding on either party until all relevant statutory provisions of the Ohio Revised Code, including, but not limited to, Ohio Revised Code 126.07, have been complied with, and until such time as all necessary funds are available or encumbered and, when required, such expenditure of funds is approved by the Controlling Board of the State of Ohio.

Certification of Funds. 5.1 It is expressly understood and agreed by the parties that none of the rights, duties, and obligations described in this contract Agreement shall be binding on either party until all relevant applicable statutory provisions of the Ohio Revised CodeCode (“R.C.”), including, including but not limited to, Ohio Revised Code to R.C. 126.07, have been complied with, and until such time as all necessary funds are available available, encumbered and forthcoming from the appropriate state agencies or encumbered responsible third party entities, and, when required, such expenditure of funds is approved by the Controlling Board of the State of Ohio.