Event of Nonappropriation means a nonrenewal of the Lease by the City determined by the failure of the City to appropriate and budget, or the election of the City not to so appropriate and budget, on or before the date required by the laws of the State during the Initial Term or any Renewal Term, moneys sufficient to pay the Rental Payments and reasonably expected Additional Payments due and payable during the next Renewal Term.

Event of Nonappropriation shall have the meaning set forth for such term in the Facilities Agreement.

Examples of Event of Nonappropriation in a sentence

If an Event of Default or Event of Nonappropriation occurs of which the Trustee is by Section 6.02(g) hereof required to take notice, or if notice of an Event of Default or Event of Nonappropriation is given as provided in said Section, then the Trustee shall, within 30 days, give written notices thereof to the Certificate Owners, as shown by the certificate register, unless such Event of Default or Event of Nonappropriation has been cured or waived.
Notwithstanding any other provision hereof, any moneys realized from the exercise of remedies on default pursuant to Section 12.02 hereof or remedies upon occurrence of an Event of Default or Event of Nonappropriation under the Indenture shall be applied as provided in Section 7.12 of the Indenture.
A judgment requiring a payment of money may be entered against the District by reason of an Event of Nonappropriation, or a failure to vacate the Leased Property following an Event of Nonappropriation, only to the extent provided in Section 12.02(c) hereof.
The District hereby assigns to the Trustee, and each General Contract shall expressly provide that the Trustee shall have, the right to enforce any General Contract against the General Contractor following termination of this Lease or the occurrence of an Event of Default or Event of Nonappropriation.
Remedies of Trustee Upon the Occurrence of an Event of Default or Event of Nonappropriation 29 Section 7.02.

More Definitions of Event of Nonappropriation

Event of Nonappropriation means a termination of this Lease by the City, determined by the City’s failure for any reason, to duly enact by the last day of each Fiscal Year an appropriation resolution for the ensuing Fiscal Year which includes (a) by specific line item reference amounts authorized and directed to be used to pay all Base Rentals and (b) sufficient amounts to pay such Additional Rentals as are estimated to become due, as provided in Section 6.06 of this Lease. The term also includes the giving of notice under Section 4.01 of this Lease of the City’s intention to terminate and the occurrence of an event described in Section 6.06 of this Lease relating to the failure by the City to appropriate amounts due as Additional Rentals in excess of the amounts estimated to become due.

Event of Nonappropriation shall have the meaning set forth in Section 3.2 hereof.

Event of Nonappropriation is defined in Section 6.02.

Event of Nonappropriation means an Event of Nonappropriation as described in Section 3.04.

Event of Nonappropriation means an event described in Section 6.04(b) hereof.

Event of Nonappropriation means any failure by the Governing Board to adopt, by the first day of any Fiscal Year, a budget for the Borrower that includes an appropriation for Required Payments, or the Governing Board’s amendment of the annual budget to remove an appropriation for Required Payments, in each case as contemplated by Section 3.05.

Event of Nonappropriation means any failure by the Governing Board to adopt, by the first day of any Fiscal Year, a budget for the City that includes an appropriation for Required Payments as contemplated by Section 3.05.