Budget and Appropriation. To the fullest extent permitted and/or required by State law, the County shall cause the appropriate County official(s) to take any and all ministerial actions that may be necessary to facilitate the payment of the principal of and interest on the Bonds and the payment of all other Obligations. Subject to the Facilities Lease, the County agrees to include all Lease Payments due under the Facilities Lease in each Fiscal Year in its annual budget and to make the necessary annual appropriations for all such Lease Payments, including, without limitation, upon acceleration of the Obligations pursuant to Section
Budget and Appropriation. (a) The District covenants to take such action as may be necessary to include all Lease Payments and Additional Payments (to the extent the amount of such Additional Payments is known to the District at the time its annual budget is proposed) due hereunder in its annual budget and to make the necessary annual appropriations therefor, and to maintain such items to the extent unpaid for that Fiscal Year in its budget throughout such Fiscal Year. To the extent the amount of such payments becomes known after the adoption of the annual budget, such amounts shall be included and maintained in such budget as amended. During the Term of this Lease, the District will furnish annually, on or before June 30 of each year, to the Trustee a certificate of the District Representative stating that all Lease Payments and Additional Payments due hereunder for the applicable Fiscal Year have been included in its annual budget and the amount so included.
Budget and Appropriation. (a) The officer of the City at any time charged with the responsibility for formulating budget proposals shall include in the budget proposals for review and consideration by the City Council in any Fiscal Year in which this Contract shall be in effect, items for all Installment Payments and any additional payments required for such Fiscal Year under this Contract. Any budget item referred to in this Section shall be deleted from the applicable budget by the City Council only by the adoption of a resolution to such effect containing a statement of its reasons therefore, which resolution shall be adopted by roll-call vote and shall be spread on the minutes of the City Council. The City shall furnish the Lender with copies of its annual budget promptly after its adoption and copies of any amended budget affecting appropriations for Installment Payments or additional payments required under this Contract or the Deed of Trust; provided, however, that the City’s obligation to provide the Lender with such information may be satisfied by publically releasing such information on the City’s website. The City shall promptly provide written notice to the Lender of any Event of Nonappropriation.
Budget and Appropriation. Take such action as may be necessary to include in each of its annual budgets the payments required to be made by the District under this Agreement, the Indenture, the Fee Letter and Parity Debt, and to make the necessary annual appropriations for all such payments. If any payment of principal and interest on the Bonds (including Bank Bonds), Parity Debt or amounts payable under this Agreement and the Fee Letter requires the adoption by the District of a supplemental budget or appropriation, the District will promptly adopt the same. The covenants on the part of the District herein contained constitute duties imposed by law and it is the duty of each and every public official of the District to take such action and do such things as are required by law in the performance of the official duty of such officials to enable the District to carry out and perform the covenants and agreements agreed to be carried out and performed by the District.
Budget and Appropriation. The City covenants to take such action as may be necessary to include all Lease Payments and Additional Payments due hereunder in its proposed annual budget and its final adopted annual budget and to make the necessary appropriations for any amount of Lease Payments and Additional Payments to be paid therefrom. The City shall furnish to the Trustee a notification on or before each July 15 if it has not adopted such final annual budget providing for such payments of all Lease Payments and Additional Payments. The obligation of the City to pay Lease Payments and Additional Payments hereunder shall constitute a current expense of the City payable from the general fund of the City or any other legally available funds and shall not in any way be construed to be a debt liability or obligation of the City, or the State, or any political subdivision thereof, in contravention of any applicable constitutional or statutory limitation or requirements concerning the creation of indebtedness by the City, the State, or any political subdivision thereof, or an obligation of the City for which the City is obligated to levy or pledge any form of taxation or for which the City has levied or pledged any form of taxation.
Budget and Appropriation. The City covenants to take such action as may be necessary to include all Lease Payments due hereunder in each of its proposed annual budgets and its final adopted annual budgets beginning with the Fiscal Year in which the first Lease Payment Date occurs through the Term and to make the necessary appropriations from the Lease Revenues Fund for such Lease Payments. The City shall furnish to the Trustee within 15 days following adoption of the final budget in each Fiscal Year a certificate of an Authorized Officer of the City stating that the Lease Payments were included in the final budget as adopted. The covenants on the part of the City herein contained shall be deemed to be and shall be construed to be ministerial duties imposed by law and it shall be the ministerial duty of each and every public official of the City to take such action and do such things as are required by law in the performance of the official duty of such officials to enable the City to carry out and perform the covenants and agreements in this Facility Lease agreed to be carried out and performed by the City. The obligation of the City to pay Lease Payments hereunder shall constitute a current expense of the City and shall not in any way be construed to be a debt of the City, or the State, or any political subdivision thereof, in contravention of any applicable constitutional or statutory limitation or requirements concerning the creation of indebtedness by the City, the State, or any political subdivision thereof, nor shall anything contained herein constitute a pledge of general revenues, funds or moneys of the City or an obligation of the City for which the City is obligated to levy or pledge any form of taxation or for which the City has levied or pledged any form of taxation.
Budget and Appropriation. (a) The officer of the County at any time charged with the responsibility for formulating budget proposals shall include in the budget proposals for review and consideration by the Board in any Fiscal Year in which this Agreement shall be in effect, items for all Installment Payments and any additional payments required for such Fiscal Year under this Agreement or the Deed of Trust. Any budget item referred to in this Section shall be deleted from the applicable budget by the Board only by the adoption of a resolution to such effect containing a statement of its reasons therefor, which resolution shall be adopted by roll-call vote and shall be spread upon the minutes of the Board. The County shall promptly provide written notice to the Lender of any Event of Nonappropriation.
Budget and Appropriation. (a) The official of the School District at any time charged with the responsibility for formulating budget proposals shall include in the budget proposals for review and consideration by the governing body of the School District in any Fiscal Year in which this Agreement shall be in effect, (budget line items/amounts) for all Acquisition Payments and any additional payments required for such Fiscal Year under this Agreement. The School District shall furnish the Lender with copies of its annual budget promptly after its adoption and copies of any amended budget affecting appropriations for Acquisition Payments or additional payments required under this Agreement. The School District shall promptly provide notice of any Event of Nonappropriation to the Lender.
Budget and Appropriation. (a) To the fullest extent permitted and/or required by State law, the Commission shall cause the appropriate Commission official(s) to take any and all ministerial actions that may be necessary to facilitate the payment of the principal of and interest on the Bonds, the Bank Note, the Term Loan and the payment of all other Obligations and to include the principal of and interest on the Bonds, the Bank Note, the Term Loan and the payment of all other Obligations in the annual budget of the Commission (including any necessary appropriations related thereto).
Budget and Appropriation. Pursuant to Section 4.04(d) of the General Sublease Agreement, the City agrees to include all Lease Payments and Additional Payments due under the General Sublease Agreement in each Fiscal Year in its annual budget and to make the necessary annual appropriations for all such Lease Payments and Additional Payments. The covenants on the part of the City herein contained and in the General Sublease Agreement shall be deemed to be and shall be construed to be duties imposed by law, and it shall be the duty of each and every public official of the City to take such action and do such things as are required by law in the performance, of the official duty of such officials to enable the City to carry out and perform such covenants and agreements.
