Event of Nonappropriation. In the event the County Council shall not, on or before July 1 of each year, specifically budget and appropriate moneys as provided in Section 4.1(b)(ii) herein which may be lawfully used to pay Acquisition Payments sufficient to pay all Acquisition Payments due hereunder in the Fiscal Year commencing on such July 1, an Event of Nonappropriation shall be deemed to have occurred; subject, however, to each of the following provisions:
Appears in 2 contracts
Samples: Public Facilities Purchase and Occupancy Agreement, Public Facilities Purchase and Occupancy Agreement
Event of Nonappropriation. In the event the County City Council shall notnot specifically budget and appropriate, on or before July 1 of each year, specifically budget and appropriate from the proceeds of general obligation bonds or from other moneys as provided in Section 4.1(b)(ii) herein which may be lawfully used to pay Acquisition Payments funds sufficient to pay all Acquisition Payments due hereunder in for the Fiscal Year commencing on such July 1, an Event of Nonappropriation shall be deemed to have occurred; subject, however, to each of the following provisions:
Appears in 1 contract
Samples: Municipal Facilities Purchase and Occupancy Agreement
Event of Nonappropriation. In the event the County Council shall notnot specifically budget and appropriate, on or before July 1 of each year, specifically budget and appropriate moneys as provided in Section 4.1(b)(ii) herein which may be lawfully used to pay Acquisition Payments sufficient to pay all Acquisition Payments due hereunder in and under any Supplemental Facilities Agreement and to accrue hereunder for the Fiscal Year commencing on such July 1, an Event of Nonappropriation shall be deemed to have occurred; subject, however, to each of the following provisions:
Appears in 1 contract
