Common use of Lack of Appropriations Clause in Contracts

Lack of Appropriations. Based upon the timeframes set forth in this Agreement, the CITY agrees to propose in each applicable fiscal year budget an amount to cover the CITY’s obligations as stated herein commencing with the Fiscal Year 2024-2025 budget; however, the CITY’s funding obligations as stated herein are all subject to the CITY’s annual budgeting and appropriation process. The Developer understands and agrees that the CITY’s funding obligations hereunder are payable exclusively from duly appropriated or otherwise legally available funds and shall not be construed to be debt, liability or obligation within the meaning of any applicable constitutional or statutory limitation or requirement.

Lack of Appropriations. Based upon the timeframes set forth in this Agreement, the CITY City agrees to propose in each applicable fiscal year budget an amount to cover the CITYCity’s obligations as stated herein commencing with the Fiscal Year 20242025-2025 2026 budget; however, the CITYCity’s funding obligations as stated herein are all subject to the CITYCity’s annual budgeting and appropriation process. The Developer understands and agrees that the CITYCity’s funding obligations hereunder are payable exclusively from duly appropriated or otherwise legally available funds and shall not be construed to be debt, liability or obligation within the meaning of any applicable constitutional or statutory limitation or requirement.

Lack of Appropriations. Based upon the timeframes set forth in this Agreement, the CITY City agrees to propose in each applicable fiscal year budget an amount to cover the CITYCity’s obligations as stated herein commencing with the Fiscal Year 20242026-2025 2027 budget; however, the CITYCity’s funding of its obligations as stated herein are all subject to the CITYCity’s annual budgeting and appropriation process. The Developer SLWD understands and agrees that the CITYCity’s funding of its obligations hereunder are payable exclusively from duly appropriated or otherwise legally available funds and shall not be construed to be debt, liability or obligation within the meaning of any applicable constitutional or statutory limitation or requirement.