Covenant to Request Appropriations Sample Clauses

Covenant to Request Appropriations a. During the term of the Lease, the Tenant covenants and agrees (i) to include in its annual tentative budget prepared by the appropriate officials acting on behalf of the Tenant in accordance with applicable law an item for expenditure of an amount necessary (after taking into account any moneys then legally available for such purpose) to pay the rentals and additional charges for the Premises during the next succeeding fiscal year of Tenant, and (ii) to take such further action (or cause the same to be taken) as may be necessary or desirable to assure that the final budget submitted to the governing body of the Tenant for its consideration seeks an appropriation of monies sufficient to pay such rentals and other charges for each such fiscal year of Tenant.

Covenant to Request Appropriations. (a) During the term of the Lease, the Lessee covenants and agrees that it will cause its budget officer (i) to include in the budget for adoption by the City Council a request or requests for the amount necessary to pay the Base Rentals and the reasonably estimated Additional Rentals for the Project during the next succeeding Renewal Term, and (ii) to take such further action (or cause the same to be taken) as may be necessary or desirable to assure the availability of moneys appropriated to pay such Base Rentals and Additional Rentals for each such Renewal Term, including all such actions for such purpose as may be required under O.C.G.A. § 36-60-13. Requests for appropriations by the Lessee shall be made so that sufficient appropriation moneys for the payment of the Base Rentals to be paid on March 1 and September 1 of the succeeding Renewal Term and Additional Rentals payable during such Renewal Term will be available for such purposes. The Lessee will adopt its annual budget no later than 30 days after the end of its Fiscal Year.

Covenant to Request Appropriations. (a) During the term of the Lease, the Lessee covenants and agrees (i) to include in its annual tentative budget prepared by the appropriate officials acting on behalf of the Lessee in accordance with applicable law an item for expenditure of an amount necessary (after taking into account any moneys then legally available for such purpose which are then on deposit in the Bond Fund to pay the Base Rentals and reasonably estimated Additional Rentals (calculated as provided in Section 4.01(b) hereof) for the Leased Property during the next succeeding Renewal Term, and (ii) to take such further action (or cause the same to be taken) as may be necessary or desirable to assure that the final budget submitted to the governing body of the Lessee for its consideration seeks an appropriation of moneys sufficient to pay such Base Rentals and Additional Rentals for each such Renewal Term. The first such inclusion in the Lessee’s annual tentative budget shall be made under applicable law with respect to the tentative budget applicable to the Fiscal Year in which the Base Rental Payment Commencement Date occurs so that the Base Rentals payable on such Base Rental Payment Commencement Date and during the Renewal Term in which such Date occurs and the reasonably estimated Additional Rentals payable during such Renewal Term will have been appropriated for such purpose, and subsequent inclusions in each respective tentative budget for appropriations by the Lessee shall be made in each Fiscal Year thereafter so that the Base Rentals to be paid during the Renewal Term during such Fiscal Year and Additional Rentals payable during such Renewal Term will be available for such purposes as long as the governing body of the Lessee determines to approve such amount in the final budget as adopted.