Current Funds Sample Clauses
The "Current Funds" clause defines the requirement that payments or financial obligations under the agreement must be made from funds that are currently available to the paying party. In practice, this means that a party is not obligated to make payments from future appropriations or funds that have not yet been allocated or received. This clause is commonly used in contracts with government entities or public institutions, where spending is subject to budgetary constraints. Its core function is to limit financial liability to existing resources, thereby preventing a party from committing to payments beyond their present financial capacity.
Current Funds. The party or parties paying for the performance of governmental functions or services shall make payments therefore from current revenues available to the paying party.
Current Funds. Any funds currently accumulated by the Employee shall be banked and available for reimbursement with a proper receipt until such time as that fund balance is zero.
Current Funds. All payments made by Agency to County pursuant to this Agreement shall be from current revenues available to Agency.
Current Funds. With respect to each of the Funds listed on Schedule A as of May 15, 2001 ("Current Funds"), this Agreement shall be effective as of the date that the relevant Original Agreement became effective with respect to that Current Fund ("Original Agreement Date"), provided that with respect to any Current Fund the Original Agreement was approved in accordance with the terms of the Original Agreement. For each Current Fund, this Agreement shall continue in effect, unless sooner terminated, as provided herein, for two years from the Original Agreement Date for that Current Fund and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the relevant Board or (ii) a vote of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Current Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the relevant Board who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.
Current Funds. This Agreement shall be effective immediately following the effective time on the effective date of the change of control of the Advisor with respect to the Funds listed on Schedule A as of that date (Current Funds). For each Current Fund, this Agreement shall continue in effect from the effective date hereof, unless sooner terminated, as provided herein, through June 30, 2007 and shall continue year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the relevant Board or (ii) a vote of a majority (as defined in the ▇▇▇▇ ▇▇▇) of the Current Funds outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the relevant Board who are not interested persons (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.
Current Funds. With respect to each of the Funds listed on Schedule A as of June 13, 2003 ("Current Funds") this Agreement shall be effective as of the date that Pre-Reorganization Agreement or MST Agreement, as applicable, became effective with respect to that Fund ("Original Agreement Date"). For each Current Fund, this Agreement shall continue in effect as the date hereof, unless sooner terminated, as provided herein, for two years from the Original Agreement Date for that Current Fund and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the Board or (ii) a vote of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Current Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the Board who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.
Current Funds. With respect to each of the Funds listed on Schedule A as of April __, 2003 ("Current Funds"), this Agreement shall be effective as of the date hereof. For each Current Fund, this Agreement shall continue in effect from the date hereof, unless sooner terminated, as provided herein, for two years and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the vote of a majority of the members of the Board or (ii) a vote of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Current Fund's outstanding voting securities, provided that in either event the continuance is also approved by a majority of the members of the Board who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of any party to this Agreement, by vote cast in person at a meeting called for the purpose of voting on such approval.
Current Funds. With respect to each of the Funds listed on Schedule A as of May 15, 2001 ("Current Funds"), this Agreement shall be effective as of the date that the relevant Original Agreement became effective with respect to that Current Fund ("Original Agreement Date"), provided that with respect to any Current Fund the Original Agreement was approved in accordance with the terms of the Original Agreement. For each Current Fund, this Agreement shall continue in effect, unless sooner terminated, as provided herein, for two years from the Original Agreement Date for that Current Fund and shall continue from year to year thereafter, provided each continuance is specifically approved at least annually by (i) the
Current Funds. The Requesting County agrees and acknowledges that the contractual payments in this Agreement shall be made to Fort Bend County from current revenues available to the Requesting County.
Current Funds. Wire transfers of immediately available funds to the Title Company which would permit the Title Company to immediately disburse such funds.