Common use of EXECUTORY Clause in Contracts

EXECUTORY. All amounts to be paid to BusPatrol for the performance of the services called for in this Opt-In Agreement will be paid solely from the civil fines and penalties collected from the operation of the BusPatrol System, as provided for in the Agreement and by the Stop Arm Law. BusPatrol assumes the risk that program revenues will be sufficient to cover its costs and expenses, and therefore agrees that neither this Opt-In Agreement nor any representation by any public employee or officer creates any legal or moral obligation to request, appropriate or make available moneys for the purpose of this Opt-In Agreement in the event that gross revenues collected over the life of this Opt-In Agreement (including any extensions thereof) are insufficient to cover any costs, expenses or fees associated with this Opt-In Agreement owed to BusPatrol. BusPatrol will have no claim against the County or Participating School District for the payment of any such unpaid costs, expenses, or fees.

Appears in 2 contracts

Sources: Opt in Agreement, Opt in Agreement