BUDGET CONTINGENCY definition

BUDGET CONTINGENCY. If the Budget Act of the current year covered under this Funding Agreement does not appropriate sufficient funds for the Water Desalination Grant Program, this Funding Agreement shall be of no force and effect. This provision shall be construed as a condition precedent to the obligation of State to make any payments under this Funding Agreement. In this event, State shall have no liability to pay any funds whatsoever to Funding Recipient or to furnish any other considerations under this Funding Agreement and Funding Recipient shall not be obligated to perform any provisions of this Funding Agreement. Nothing in this Funding Agreement shall be construed to provide Funding Recipient with a right of priority for payment over any other Funding Recipient. If funding for any fiscal year after the current year covered by this Funding Agreement is reduced or deleted by the Budget Act for purposes of this program, State shall have the option to either cancel this Funding Agreement with no liability occurring to State, or offer a Funding Agreement amendment to Funding Recipient to reflect the reduced amount.
Sample 1
BUDGET CONTINGENCY means the sums identified in the Annual TVFCS Revenue Budget as the budget contingency;
Sample 1
BUDGET CONTINGENCY. We can’t guarantee that all applicants will be granted their full funding request. Can your project be scaled down if your full request cannot be awarded? If so, please describe what parts of your request are able to be scaled down, if any. Receiving less than full funding would result in fewer beds available at the Franklin Avenue Shelter.
Sample 1

Examples of BUDGET CONTINGENCY in a sentence

  • The Group defines compliance as “adhering to laws and regulations, professional and ethical standards and practices, the guidelines of the Board of Directors and the instructions of Group Executive Management”.

  • BUDGET CONTINGENCY CLAUSE It is mutually agreed that if the Budget Act of the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall be of no further force and effect.

  • BUDGET CONTINGENCY CLAUSE It is mutually agreed that if the California State Budget Act for the current fiscal year and/or any subsequent fiscal years covered under this Agreement does not appropriate sufficient funds for the project, this Agreement shall be of no further force and effect.

  • Invoices not paid on their due date will automatically bear interest at the EURIBOR rate (3 months) + 8.% from the due date, automatically and without any formal notice being necessary, without prejudice to any other damages.

  • BUDGET CONTINGENCY CLAUSE: It is mutually agreed that if the Budget Act of the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall be of no further force and effect.

  • Designated representatives for the administration of this article include the village clerk and the director of community development, and their representatives of the village of Glendale Heights.VILLAGE CODE: The village code of ordinances of the village of Glendale Heights, from time to time in effect, including all codes adopted by specific reference.

  • The final reimbursement to the Contractor shall be contingent upon the receipt and approval of this closeout invoice by the Board.2. BUDGET CONTINGENCY CLAUSEA.

  • BUDGET CONTINGENCY It is mutually understood between the parties that this Contract may have been written before ascertaining the availability of congressional and legislative appropriation of funds, for the mutual benefit of both parties, in order to avoid program and fiscal delays which would occur if the Contract were executed after that determination was made.

  • BUDGET CONTINGENCY CLAUSEa. It is mutually agreed that if the Budget Act of the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall be of no further force and effect.

  • BUDGET CONTINGENCY This Agreement is contingent upon the appropriation of sufficient funding by the County for the services covered by this Agreement.

Related to BUDGET CONTINGENCY

  • Contingency means the identified and possible or already occurred fault of an element, including not only the transmission system elements, but also significant grid users and distribution network elements if relevant for the transmission system operational security;

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Business Continuity Plan means any plan prepared pursuant to clause H5.6, as may be amended from time to time.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.

  • contingency fee means any payment or other compensation that is contingent upon or is calculated upon the basis of a degree of success in soliciting or obtaining a Government contract or negotiating the whole or any part of its terms;