San Xxxx Clean Energy. (a) The City of San Xxxx is a municipal corporation and is precluded under the California State Constitution and applicable law from entering into obligations that financially bind future governing bodies without an appropriation for such obligation, and, therefore, nothing in the Agreement shall constitute an obligation of future legislative bodies of the City of San Xxxx to appropriate funds for purposes of the Agreement; provided, however, that the City of San Xxxx has created and set aside a designated fund (being the San Xxxx Energy Operating Fund established pursuant to City of San Xxxx Municipal Code, Title 4, Part 63, Section 4.80.4050 et. seq.) (“Designated Fund”) for payment of its obligations under this Agreement.
Appears in 5 contracts
Samples: Geothermal Portfolio Project Participation Share Agreement, Project Participation Share Agreement, Participation Share Agreement
San Xxxx Clean Energy.
(a) The City of San Xxxx is a municipal corporation and is precluded under the California State Constitution and applicable law from entering into obligations that financially bind future governing bodies without an appropriation for such obligation, and, therefore, nothing in the Agreement shall constitute an obligation of future legislative bodies of the City of San Xxxx to appropriate funds for purposes of the Agreement; provided, however, that the City of San Xxxx has created and set aside a designated fund (being the San Xxxx Energy Operating Fund established pursuant to City of San Xxxx Municipal Code, Title 4, Part 63, Section 4.80.4050 et. seq.) (“Designated Fund”) for payment of its obligations under this Agreement.
Appears in 3 contracts
Samples: Geothermal Portfolio Project Participation Share Agreement, Project Participation Share Agreement, Participation Share Agreement