Subject to Annual Appropriations. Each payment under this Obligation shall be subject to annual appropriation by the Village in accordance with the requirements for revenue obligations and in a manner approved by the Village’s bond counsel and in accordance with the Development Agreement.
Subject to Annual Appropriations. Consistent with Article X, § 20 of the Colorado Constitution, any financial obligations of the City not performed during the current fiscal year are subject to annual appropriation, and thus any obligations of the City hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement or liability beyond the current fiscal year.
Subject to Annual Appropriations. Any financial obligations of NURA not performed during the current fiscal year are subject to annual appropriation, and thus any obligations of NURA hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement or liability beyond the current fiscal year.
Subject to Annual Appropriations. Consistent with Article X, § 20 of the Colorado Constitution, any financial obligations of NURA not performed during the current fiscal year are subject to annual appropriation, and thus any obligations of NURA hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement or liability beyond the current fiscal year.
Subject to Annual Appropriations. [This section shall only apply if the term in Section 2 is longer than one year.]
Subject to Annual Appropriations a. It is expressly understood and agreed by the Authority that any expenditure of funds under this Agreement is subject to appropriation by the United States Congress of funds legally available for such expenditure under this Agreement. Notwithstanding any of the foregoing to the contrary, the Department acknowledges and agrees that the Initial Term and, unless written notice is received by the Authority from the Department in accordance with the terms of Paragraph 4(a) above, each successive two (2) year Additional Terms are valid and enforceable obligations of the Department.
b. In the event of such non-appropriation of funds causing the termination of this Agreement in accordance with the provisions of Paragraph 4 hereinabove, the Department shall be allowed to remain in possession of the Premises for the period of time for which the Consideration has been paid hereunder.
c. In the event that such non-appropriation of funds results in a reduction in the need for services by the Department in the metropolitan Atlanta, Georgia area, and therefore a reduction in the amount of space it requires in the VARO Building, the Department shall give notice to the Authority and vacate that portion of space in the VARO Building no longer required by the Department in accordance with the provisions of Paragraph 6 herein.
d. The Department acknowledges the terms of the Indenture including the provisions regarding the Renovation Reserve Fund established thereby. Any monies remaining in the Renovation Reserve Fund on the earlier to occur of (i) the Payment of the Bonds, or (ii) the Outside Termination Date shall be paid by the Bond Trustee to the Department.
Subject to Annual Appropriations. Any financial obligations of the District not performed during the current fiscal year are subject to annual appropriation, and thus any obligations of the District hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement or liability beyond the current fiscal year.
Subject to Annual Appropriations. The obligations of the Parties contained herein are subject to annual appropriation by their respective governing bodies of sufficient funds to carry out its obligations hereunder. If either Party fails to appropriate funds for its obligations under this Agreement for a fiscal year, this Agreement shall automatically terminate on the first day of the fiscal year for which funds have not been appropriated, and the Parties shall have no further obligations or liabilities to each other under this Agreement, except for payment for services provided prior to such termination. Notwithstanding the foregoing, the Parties agree that any preliminary budget presented to their governing bodies for consideration shall include sufficient funds and appropriations to carry out the terms, duties and obligations contained herein for the subsequent fiscal year.
Subject to Annual Appropriations. Any financial obligations of a Party not performed during the current fiscal year are subject to annual appropriation, and thus any obligations of the either Party hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement or liability beyond the current fiscal year.
Subject to Annual Appropriations. Each payment under this Obligation shall be subject to annual appropriation by the City Council in accordance with the requirements for revenue obligations and in a manner approved by the City's bond counsel.
