Common use of Financial Obligations of the Parties Clause in Contracts

Financial Obligations of the Parties. All of the parties’ financial obligations under this Agreement are contingent upon appropriation, budgeting, and availability of specific funds to discharge those obligations. Nothing in this Agreement constitutes a debt, a direct or indirect multiple fiscal year financial obligation, a pledge of the parties’ credit, or a payment guarantee by either party to the other.

Appears in 4 contracts

Samples: Operations and Maintenance Agreement, Operations and Maintenance Agreement, Operations and Maintenance Agreement

AutoNDA by SimpleDocs

Financial Obligations of the Parties. All of the parties’ Each party’s financial obligations under this Agreement are contingent upon appropriation, budgeting, and availability of specific funds to discharge those obligations. Nothing in this Agreement constitutes a debt, a direct or indirect multiple fiscal year financial obligation, a pledge of the parties’ creditcredit of either party, or a payment guarantee by either party to the otherother party.

Appears in 1 contract

Samples: Intergovernmental Agreement

AutoNDA by SimpleDocs

Financial Obligations of the Parties. All of the partiesParties’ financial obligations under this Agreement are contingent upon appropriation, budgeting, and availability of specific funds to discharge those obligations. Nothing in this Agreement constitutes a debt, a direct or indirect multiple fiscal year financial obligation, a pledge of the parties’ credit, or a payment guarantee by either party to the otherParties.

Appears in 1 contract

Samples: Intergovernmental Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!