Common use of Financial Responsibility Clause in Contracts

Financial Responsibility. The allocation of funds by the City pursuant to this Agreement shall in no way obligate the City for any financial responsibility incurred by the Project in excess of the funding pledged herein.

Appears in 9 contracts

Samples: Housing Development Organization Agreement, Housing Development Organization Agreement, Housing Development Organization Agreement

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Financial Responsibility. The allocation of funds by the City pursuant to this Agreement shall in no way obligate the City for any financial responsibility incurred by the Project Operating Activities in excess of the funding pledged herein.

Appears in 6 contracts

Samples: Urbana Home Consortium, Housing Development Organization Agreement, Housing Development Organization Agreement

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Financial Responsibility. The allocation of funds by the City pursuant to this Agreement shall in no way obligate the City for any financial responsibility incurred by the Project in excess of the funding pledged herein. The City reserves the right to withhold pledged funds if the City is not satisfied with the terms and conditions of performance outlined in this Agreement.

Appears in 2 contracts

Samples: Housing Development Organization Agreement, Developer Agreement

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