Common use of Event of Nonappropriation Clause in Contracts

Event of Nonappropriation. (a) In the event that the City Council of the Lessee shall not budget and appropriate, specifically with respect to this Lease, on or before the end of each Fiscal Year, moneys sufficient to pay all Rental Payments and the reasonably estimated Additional Payments coming due for the then current Renewal Term, an Event of Nonappropriation shall be deemed to have occurred. In the event that during the Initial Term or any Renewal Term, any Additional Payments shall become due which were not included in the Lessee’s current budget, or which exceeded the amounts which were included therefor in the Lessee’s current budget, then, in the event that moneys are not specifically budgeted and appropriated to pay such Additional Payments within 30 days subsequent to the date upon which such Additional Payments are due, an Event of Nonappropriation shall be deemed to have occurred. (b) If an Event of Nonappropriation occurs, the Lessee shall not be obligated to make payment of the Rental Payments or Additional Payments or any other payments provided for herein (other than Section 6.8 of this Lease or from funds pledged to or encumbered for the payment of such obligations) which accrue after the last day of the Initial Term or Renewal Term during which such Event of Nonappropriation shall occur.

Event of Nonappropriation. (a) In the event that the City Council Board of Education of the Lessee District shall not budget and appropriate, specifically with respect to this Lease, on or before the end of each Fiscal Year, moneys sufficient to pay all Rental Payments and the reasonably estimated Additional Rental Payments coming due for the then current Renewal Term, an Event of Nonappropriation shall be deemed to have occurred. In the event that during the Initial Term or any Renewal Term, any Additional Rental Payments shall become due which were not included in the LesseeDistrict’s current budget, or which exceeded the amounts which were included therefor in the LesseeDistrict’s current budget, then, in the event that moneys are not specifically budgeted and appropriated to pay such Additional Rental Payments within 30 days subsequent to the date upon which such Additional Rental Payments are due, an Event of Nonappropriation shall be deemed to have occurred. (b) If an Event of Nonappropriation occurs, the Lessee District shall not be obligated to make payment of the Rental Payments or Additional Rental Payments or any other anther payments provided for herein (other than Section 6.8 of this Lease or from funds pledged to or encumbered for the payment of such obligationshereof) which accrue after the last day of the Initial Term or Renewal Term during which such Event of Nonappropriation shall occuroccur and the District agrees to vacate the Facilities on the expiration date of this Lease following an Event of Nonappropriation.