SOURCES AND DISPOSITION OF FUNDS:. 8.1 The obligation for LACMTA to grant the Funds for the Project is subject to sufficient Funds being made available for the Project by the LACMTA Board of Directors. If such Funds are not made available as anticipated from Measure R Program revenues, LACMTA will have the right to adjust the cash flow accordingly until such funds become available. LACMTA shall have no obligation to provide any other funds for the Project, unless otherwise agreed to in writing by LACMTA.
SOURCES AND DISPOSITION OF FUNDS:. 7.1 Per the COP’s MOU, the obligation for LACMTA to grant the Funds for the Project is subject to sufficient Funds being made available for the COL Project by the LACMTA Board of Directors. If such Funds are not made available for the COL Project, the COP’s MOU shall be void and have no further force and effect, and LACMTA shall have no obligation to provide the Funds for the COL Project, unless otherwise agreed to in writing by LACMTA. In this event, COP shall give COL notice in writing within fifteen (15) calendar days from receipt of notice from LACMTA. If COP does not timely give notice to COL as set forth herein, COP shall reimburse COL for costs incurred during the time period between when notice should have been given to COL and when notice was actually or constructively given.
SOURCES AND DISPOSITION OF FUNDS:. 7.1 STATE shall fully fund or contribute State's Funding Commitment, if any, as identified in the Project Funding (Attachment A) towards the cost of the Project. If the Funds identified in Attachment A are insufficient to complete the Project, LACMTA and STATE agree that a request will be submitted to the LACMTA Board for the additional funds necessary to complete the Project, and pay all Claims and associated Claims defense costs. Any additional funds approved for the Project shall be deducted from future programming allocations, if any, for the Project equivalent Modal category. Nothing in this FA shall obligate, or be construed to obligate, the LACMTA Board to approve such request for additional funds.
