Common use of Grant; Limitations Clause in Contracts

Grant; Limitations. Under no circumstances shall the obligations of the City hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision; provided; however, City agrees during the term of this Agreement to make a good faith effort to appropriate funds each year to pay the Grants for the then ensuing fiscal year. Further, the City shall not be obligated to pay any commercial bank, lender or similar institution for any loan or credit agreement made by the Company. None of the obligations of the City under this Agreement shall be pledged or otherwise encumbered by the Company in favor of any commercial lender and/or similar financial institution.

Grant; Limitations. Under no circumstances shall the City obligations of the City hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision; provided; however, City agrees during the term of this Agreement to make a good faith effort to appropriate funds each year to pay the Grants for the then ensuing fiscal year. Further, the City shall not be obligated to pay any commercial bank, lender or similar institution for any loan or credit agreement made by the Company. None of the City’s obligations of the City under this Agreement shall be pledged or otherwise encumbered by the Company in favor of any commercial lender and/or similar financial institution.

Grant; Limitations. Under no circumstances shall the City obligations of the City hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision; provided; however, City agrees during the term of this Agreement to make a good faith effort to appropriate funds each year to pay the Grants for the then ensuing fiscal year. Further, the City shall not be obligated to pay any commercial bank, lender or similar institution for any loan or credit agreement made by the Company. None of the City’s obligations of the City under this Agreement shall be pledged or otherwise encumbered by the Company in favor of any commercial lender and/or similar financial institution.

Grant; Limitations. Under no circumstances shall the obligations of the City hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision; provided; however, the City agrees during the term of this Agreement to make a good faith effort to appropriate funds each year to pay the Grants for the then ensuing fiscal year. Further, the City shall not be obligated to pay any commercial bank, lender or similar institution for any loan or credit agreement made by the CompanyLessee. None of the obligations of the City under this Agreement shall be pledged or otherwise encumbered by the Company Lessee in favor of any commercial lender and/or similar financial institution.

Grant; Limitations. Under no circumstances shall the obligations of the City hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision; provided; however, City agrees during the term of this Agreement . Exhibit A to make a good faith effort to appropriate funds each year to pay the Grants for the then ensuing fiscal year. 2018-R-9S Further, the City shall not be obligated to pay any a commercial bank, lender or similar institution for any loan or credit agreement made by the CompanyDeveloper. None of the obligations of the City under this Agreement shall be pledged or otherwise encumbered by the Company Developer in favor of any commercial lender and/or similar financial institution.

Grant; Limitations. Under no circumstances shall the obligations of the ofthe City hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision; provided; however, City agrees during the term of this Agreement . Exhibit A to make a good faith effort to appropriate funds each year to pay the Grants for the then ensuing fiscal year. 2018-R-9S Further, the City shall not be obligated to pay any a commercial bank, lender or similar institution for any loan or credit agreement made by the CompanyDeveloper. None of the obligations of the City under this Agreement shall be pledged or otherwise encumbered by the Company Developer in favor of any commercial lender and/or similar financial institution.