Fiscal Year Authorization Sample Clauses

Fiscal Year Authorization. 3 CONTRACTOR understands and agrees that CITY, during any fiscal year, is not 4 authorized to expend money, incur any liability or enter into any contract which, by its 5 terms, involves the expenditure of money in excess of the amounts budgeted as 6 available for expenditure during such fiscal year; and that any contract or agreement, 7 verbal or written, made in violation of this Article is null and void; and that consequently, 8 no money may be paid on such contract or agreement beyond such limits. Nothing 9 contained in this Agreement shall prevent the making of agreements or contracts for 10 periods exceeding one (1) year, but any agreement or contract so made shall be 11 executory only for the value of the services to be rendered or agreed to be paid for in 12 succeeding fiscal years. If the City Council does not appropriate funds for the services 13 under this Agreement by June 30 of each year, CITY shall so notify CONTRACTOR and 14 CONTRACTOR shall suspend services under this Agreement until CITY provides 15 written verification that the funds necessary for CONTRACTOR’s compensation and 16 other necessary expenditures are appropriated and available within the appropriate 17 fiscal year budget.
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Fiscal Year Authorization. CONTRACTOR understands and agrees that CITY, during any Fiscal Year, is not authorized to expend money, incur any liability or enter into any contract which, by its terms, involves the expenditure of money in excess of the amounts budgeted as available for expenditure during such Fiscal Year; and that any contract or agreement, verbal or written, made in violation of this Article is null and void; and that consequently, no money may be paid on such contract or agreement beyond such limits. Nothing contained in this Agreement shall prevent the making of agreements or contracts for periods exceeding one (1) year, but any agreement or contract so made shall be executory only for the value of the services to be rendered or agreed to be paid for in succeeding Fiscal Years. If the City Council does not appropriate funds for the services under this Agreement by June 30 of each year, CITY shall so notify CONTRACTOR and CONTRACTOR shall suspend services under this Agreement until CITY provides written verification that the funds necessary for CONTRACTOR’s compensation and other necessary expenditures are appropriated and available within the appropriate Fiscal Year budget.
Sample 1

Related to Fiscal Year Authorization

  • Prior Authorization A determination to authorize a Provider’s request, pursuant to services covered in the MississippiCAN Program, to provide a service or course of treatment of a specific duration and scope to a Member prior to the initiation or continuation of the service.

  • Power; Authorization Such Investor has all requisite power and authority to execute and deliver this Agreement. This Agreement, when executed and delivered by such Investor, will constitute a valid and legally binding obligation of such Investor, enforceable in accordance with its respective terms, except as: (a) limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally; and (b) limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • Authorization, Etc This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

  • Organizational Power; Authorization The execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party are within such Loan Party’s organizational powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or member, action. This Agreement has been duly executed and delivered by the Borrower, and constitutes, and each other Loan Document to which any Loan Party is a party, when executed and delivered by such Loan Party, will constitute, valid and binding obligations of the Borrower or such Loan Party (as the case may be), enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity.

  • Work Authorization Budget A work authorization budget shall set forth in detail (1) the computation of the estimated cost of the work as described in the work authorization, (2) the estimated time (hours/days) required to complete the work at the hourly rates established in Attachment E, Fee Schedule; (3) a work plan that includes a list of the work to be performed, (4) a stated maximum number of calendar days to complete the work, and (5) a cost-not-to-exceed-amount or unit or lump sum cost and the total cost or price of the work authorization. The State will not pay items of cost that are not included in or rates that exceed those approved in Attachment E.

  • Board Authorization Prior to delivering notice of the proposed terms of an Agency Transaction or a Principal Transaction pursuant to Section 1 (or at such time as otherwise agreed between the Company and the Agents), the Company shall have (i) obtained from its board of directors thereof all necessary corporate authority for the sale of the Shares pursuant to the relevant Agency Transaction or Principal Transaction, as the case may be, and (ii) provided to the Agents a copy of the relevant board resolutions or other authority.

  • Required Authorizations There is no requirement to make any filing with, give any notice to, or obtain any Authorization of, any Governmental Entity as a condition to the lawful completion of the transactions contemplated by this Agreement.

  • ACH Authorization Merchant authorizes Bank or its agents or designated representatives to initiate debit and credit entries and adjustments to the Settlement Account or the Reserve Account (described in Section 13 of the MPA) through the ACH settlement process for amounts due under the Merchant Agreement. This authorization will remain in full force and effect until termination of the Merchant Agreement and the full and final payment of all obligations of Merchant due under the Merchant Agreement. Merchant acknowledges and agrees that Bank will not be liable for any delays in receipt of funds, any failure by Merchant to receive funds, or errors in debit or credit entries caused by Merchant, or third parties, including but not limited to any Card Association or any financial institution.

  • Overtime Authorization All overtime will be authorized in advance by the

  • Authorization; Approvals The issuance of the Policy and the execution, delivery and performance of this Agreement and the Insurance Agreement have been duly authorized by all necessary corporate proceedings. No further approvals or filings of any kind, including, without limitation, any further approvals of or further filings with any governmental agency or other governmental authority, or any approval of the Insurer’s board of directors or stockholders, are necessary for the Policy, this Agreement and the Insurance Agreement to constitute the legal, valid and binding obligations of the Insurer.

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