Common use of Legislative Funding Out Clause Clause in Contracts

Legislative Funding Out Clause. Notwithstanding any provision in the Agreement to the contrary, if the legislative body appropriating funds, does not allocate sufficient funds to allow Owner to make any periodic payment agreed to in the Agreement for any future fiscal period, Owner will not be obligated to pay the Agreement balance remaining at the time of the governmental funding short-fall.

Legislative Funding Out Clause. Notwithstanding any provision in the Agreement to the contrary, if the legislative body appropriating funds, does not allocate sufficient funds to allow Owner OWNER to make any periodic payment agreed to in the Agreement for any future fiscal period, Owner OWNER will not be obligated to pay the Agreement balance remaining at the time of the governmental funding short-fall.