Common use of Payment Terms and Funding Out Clause Clause in Contracts

Payment Terms and Funding Out Clause. 1 Payment Terms: TIPS or TIPS members shall not be liable for interest or late payment fees on past due balances at a rate higher tha e laws or regulations of the jurisdiction of the TIPS Member. Funding Out Clause: Vendor agrees to abide by the laws and regulations, including Texas Local Government Code § 271.903, or any stat ry limitations of the jurisdiction of any TIPS Member which governs contracts entered into by the Vendor and TIPS or that requires all contracts approved by TIPS or a TIPS Member are subject to the budgeting and appropriation of cur unds by the entity or its governing body. See statute(s) for specifics or consult your legal counsel. Yes Not a negotiable term. Failure to agree will render your proposal non-responsive and it will not be considered. Do you agree to these terms?

Payment Terms and Funding Out Clause. 1 Payment Terms: TIPS or TIPS members Members shall not be liable for interest or late payment fees on past due pastNdue balances at a rate higher tha e the laws or regulations of the jurisdiction Nurisdiction of the TIPS Member. Funding Nunding Out Clause: Vendor agrees to abide by the laws and regulations, including Texas Local Government Code § 271.903, or any stat ry regulatory limitations of the jurisdiction Nurisdiction of any TIPS Member which governs contracts entered into by the Vendor Nendor and TIPS or Member that requires all contracts approved by TIPS or a TIPS Member are subject subNect to the budgeting and appropriation of cur unds appropriat available funds by the entity or its governing body. See statute(s) for specifics or consult your legal counsel. Yes Nes Not a negotiable term. Failure Nailure to agree will render your proposal non-responsive nonNresponsive and it will not be considered. Do No you agree to these terms?termsN

Payment Terms and Funding Out Clause. 1 Payment Terms: TIPS or TIPS members Members shall not be liable for interest or late payment fees on past past-due balances at a rate higher tha e the laws or regulations of the jurisdiction of the TIPS Member. Funding Out Clause: Vendor agrees to abide by the laws and regulations, including Texas Local Government Code § 271.903, or any stat ry regulatory limitations of the jurisdiction of any TIPS Member which governs contracts entered into by the Vendor and TIPS or Member that requires all contracts approved by TIPS or a TIPS Member are subject to the budgeting and appropriation of cur unds appropriat available funds by the entity or its governing body. See statute(s) for specifics or consult your legal counsel. Yes Not a negotiable term. Failure to agree will render your proposal non-responsive and it will not be considered. Do you agree to these terms?? Yes

Payment Terms and Funding Out Clause. 1 Payment Terms: TIPS or TIPS members shall not be liable for interest or late payment fees on past due balances at a rate higher tha e he laws or regulations of the jurisdiction of the TIPS Member. Funding Out Clause: Vendor agrees to abide by the laws and regulations, including Texas Local Government Code § 271.903, or any stat ry ory limitations of the jurisdiction of any TIPS Member which governs contracts entered into by the Vendor and TIPS or o er that requires all contracts approved by TIPS or a TIPS Member are subject to the budgeting and appropriation of cur unds ble funds by the entity or its governing body. See statute(s) for specifics or consult your legal counsel. Yes Not a negotiable term. Failure to agree will render your proposal non-responsive and it will not be considered. Do you agree to these terms?