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. 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 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. 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. All economic incentives offered by the Town under Section 3 hereof shall be expressly subject to the annual appropriation of sufficient funds by the Town to make such incentive payments, and shall be in full compliance with Article X, Section 20 of the Colorado Constitution. Further, if any court of competent jurisdiction determines that this Agreement violates the multi-year contract restriction in Section 20, Article X of the Colorado Constitution, then the Parties agree that the Agreement shall automatically convert to a one-year contract, with automatic renewal provisions, subject only to failure by the Town to appropriate funds annually.
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. 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. [REMAINDER OF XXXX INTENTIONALLY LEFT BLANK - SIGNATURE PAGE TO FOLLOW]
Subject to Annual Appropriations. As provided under Virginia law, the obligations of the Government Parties to pay the cost of performing its obligations under this Agreement are subject to and dependent upon annual appropriations being made from time to time by the governing body of such Government Party, for such purpose.
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.
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.
