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

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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

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