Common use of Fund Availability Clause in Contracts

Fund Availability. The City and the School District acknowledge that: (i) neither party irrevocably pledges present cash reserves for payment in future fiscal years, and (ii) this Agreement is not intended to create a multiple-fiscal year direct or indirect debt or financial obligation of either party. The Parties understand and agree that any expenditure of the City shall extend only to funds appropriated by the City Council for the purpose of this Agreement, encumbered for the purpose of Agreement, and paid into the treasury of the City.

Fund Availability. The City and the School District acknowledge that: (i) neither party Party irrevocably pledges present cash reserves for payment in future fiscal years, and (ii) this Agreement is not intended to create a multiple-fiscal year direct or indirect debt or financial obligation of either partyParty. The Parties understand and agree that any expenditure of the City shall extend only to funds appropriated by the City Council for the purpose of this Agreement, encumbered for the purpose of the Agreement, and paid into the treasury of to the City.

Fund Availability. The City and the School District acknowledge that: (i) neither party irrevocably pledges present cash reserves for payment in future fiscal years, and (ii) this Agreement IGAAgreement is not intended to create a multiple-fiscal year direct or indirect debt or financial obligation of either party. The Parties understand and agree that any expenditure of the City shall extend only to funds appropriated by the City Council for the purpose of this AgreementIGAAgreement, encumbered for the purpose of AgreementIGAAgreement, and paid into the treasury of the City.