Common use of No Funding Clause in Contracts

No Funding. The parties agree that nothing in this Agreement obligates either party to provide funding or payment to the other party. To the extent that a party incurs cost or expenses as part of this Agreement, the party incurring those expenses or costs represents to the other party that it will pay for those costs or expenses from current revenues available to that party. The parties further acknowledge that the benefits that they each receive from this Agreement fairly compensate them for the obligations they must perform under this Agreement.

Appears in 5 contracts

Samples: Interlocal Agreement, Interlocal Agreement, Interlocal Agreement

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