Common use of Agreement Amount Clause in Contracts

Agreement Amount. The Grantee acknowledges and agrees that, notwithstanding any other provision of this Agreement, the maximum amount payable by the City under this Agreement for the initial NNNN (##) month term shall not exceed the amount approved by City Council (the “Appropriated" amount"), which is $$$$$$$ (Dollar Amount), and $$$$$$$ (Dollar Amount) per NNNN (##) month extension option, for a total Agreement amount of $$$$$$$. Continuation of the Agreement beyond the initial NNNN (##) months is specifically contingent upon the availability and allocation of funding by City Council.