Payments Subject to Future Appropriation. This Agreement shall not be construed as a commitment, issue, pledge or obligation of any specific taxes or tax revenues for payment to the Company. (a) All payments or expenditures made by the City under this Agreement are subject to the City’s appropriation of funds for such payments or expenditures to be paid in the budget year for which they are made. (b) The payment(s) to be made to the Company, or other expenditure(s) under this Agreement, if paid, shall be made solely from annual appropriations of the City as may be legally set aside for the implementation of Article III, Section 52a of the Texas Constitution, Chapter 380 of the Texas Local Government Code, or any other economic development or financing program authorized by statute or home-rule powers of the City under applicable Texas law, subject to any applicable limitations or procedural requirements. (c) In the event the City does not appropriate funds in a given fiscal year for payments due or expenditures under this Agreement, the City shall not be liable to the Company for such payments or expenditures unless and until appropriation of the necessary funds is made; provided, however, that the Company, in its sole discretion, shall have the right, but not the obligation, to terminate this Agreement and shall have no obligations under this Agreement for the year in which the City does not appropriate the necessary funds. (d) To the extent there is a conflict between this Section 3.02 and any other language or covenant in this Agreement, this Section 3.02 shall control.
Appears in 4 contracts
Samples: Economic Development Agreement, Economic Development Agreement, Economic Development Agreement
Payments Subject to Future Appropriation. This Agreement shall not be construed as a commitment, issue, pledge or obligation of any specific taxes or tax revenues for payment to the Company.
(a) a. All payments or expenditures made by the City under this Agreement are subject to the City’s appropriation of funds for such payments or expenditures to be paid in the budget year for which they are made.
(b) b. The payment(s) to be made to the Company, or other expenditure(s) under this Agreement, if paid, shall be made solely from annual appropriations of the City as may be legally set aside for the implementation of Article III, Section 52a of the Texas Constitution, Chapter 380 of the Texas Local Government Code, or any other economic development or financing program authorized by statute or home-rule powers of the City under applicable Texas law, subject to any applicable limitations or procedural requirements.
(c) c. In the event the City does not appropriate funds in a given fiscal year for payments due or expenditures under this Agreement, the City shall not be liable to the Company for such payments or expenditures unless and until appropriation of the necessary funds is made; provided, however, that the Company, in its sole discretion, shall have the right, but not the obligation, to terminate this Agreement and shall have no obligations under this Agreement for the year in which the City does not appropriate the necessary fundsfunds and the remainder of the Term.
(d) d. To the extent there is a conflict between this Section 3.02 and any other language or covenant in this Agreement, this Section 3.02 shall control.
Appears in 3 contracts
Samples: Business Expansion Agreement, Business Expansion Agreement, Business Expansion Agreement
Payments Subject to Future Appropriation. This Agreement shall not be construed as a commitment, issue, pledge or obligation of any specific taxes or tax revenues for payment to the CompanyContractor.
(a1) All payments or expenditures made by the City under this Agreement are subject to the City’s 's appropriation of funds for such payments or expenditures to be paid in the budget year for which they are made.
(b2) The payment(s) payments to be made to the CompanyContractor, or other expenditure(s) expenditures under this Agreement, if paid, shall be made solely from annual appropriations of the City as may be legally set aside for the implementation of Article III, Section 52a 52-a of the Texas Constitution, Constitution or Chapter 380 of the Texas Local Government Code, Code or any other economic development or financing program authorized by statute or home-home rule powers of the City under applicable Texas law, subject to any applicable limitations or procedural requirements.
(c3) In the event the City does not appropriate funds in a given any fiscal year for payments due or expenditures under this Agreement, the City shall not be liable to the Company Contractor for such payments or expenditures unless and until appropriation of the necessary said funds is made; provided, however, that the CompanyContractor, in its sole discretion, shall have the right, right but not the obligation, obligation to terminate this Agreement and shall have no obligations under this Agreement for the year in respect to which the City does not appropriate the necessary fundssaid unappropriated funds relate.
(d4) To the extent there is a conflict between of this Section 3.02 and any other language or covenant covenants in this Agreement, this Section 3.02 3 shall control.
Appears in 3 contracts
Samples: Service Agreement, Service Agreement, Service Agreement
Payments Subject to Future Appropriation. This Agreement shall not be construed as a commitment, issue, pledge or obligation of any specific taxes or tax revenues for payment to the Company.
(a) 3.2.01. All payments or expenditures made by the City under this Agreement are subject to the City’s appropriation of funds for such payments or expenditures to be paid in the budget year for which they are made.
(b) 3.2.02. The payment(s) to be made to the Company, or other expenditure(s) under this Agreement, if paid, shall be made solely from annual appropriations of the City as may be legally set aside for the implementation of Article III, Section 52a of the Texas Constitution, Chapter 380 of the Texas Local Government Code, or any other economic development or financing program authorized by statute or home-rule powers of the City under applicable Texas law, subject to any applicable limitations or procedural requirements.
(c) 3.2.03. In the event the City does not appropriate funds in a given fiscal year for payments due or expenditures under this Agreement, the City shall not be liable to the Company for such payments or expenditures unless and until appropriation of the necessary funds is made; provided, however, that the Company, in its sole discretion, shall have the right, but not the obligation, to terminate this Agreement and shall have no obligations under this Agreement for the year in which the City does not appropriate the necessary fundsfunds and the remainder of the Term.
(d) 3.2.04. To the extent there is a conflict between this Section 3.02 and any other language or covenant in this Agreement, this Section 3.02 shall control.
Appears in 2 contracts
Samples: Business Expansion Agreement, Business Expansion Agreement