Common use of Current Revenue Clause in Contracts

Current Revenue. The Grant made hereunder shall be paid solely from lawful available funds, which have been appropriated by GEDCO. Under no circumstances shall the obligations of GEDCO hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision. Consequently, notwithstanding any other provision of this Agreement, GEDCO shall have no obligation or liability to pay the Grant except as allowed by law.

Appears in 3 contracts

Sources: Economic Development Incentive Agreement, Economic Development Incentive Agreement, Economic Development Incentive Agreement