Common use of Statutory Clause Clause in Contracts

Statutory Clause. Section 1. IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO THAT ANY PROVISIONS OF THIS CONTRACT REQUIRING LEGISLATIVE ACTION TO PERMIT ITS IMPLEMENTATION BY AMENDMENT OF LAW OR BY PROVIDING THE INITIAL FUNDS THEREFORE SHALL NOT BECOME EFFECTIVE UNTIL THE APPROPRIATE LEGISLATIVE BODY HAS GIVEN APPROVAL.

Statutory Clause. Section 1. IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO THAT ANY PROVISIONS PROVISION OF THIS CONTRACT AGREEMENT REQUIRING LEGISLATIVE ACTION TO PERMIT ITS IMPLEMENTATION BY AMENDMENT OF LAW OR BY PROVIDING THE INITIAL FUNDS THEREFORE ADDITIONAL FUNDS, THEREFORE, SHALL NOT BECOME EFFECTIVE UNTIL THE APPROPRIATE LEGISLATIVE BODY HAS GIVEN APPROVAL.