Event of Nonappropriation Sample Clauses

Event of Nonappropriation. An "Event of Nonappropriation" shall be deemed to have occurred:
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Event of Nonappropriation. In the event the County Council shall not, on or before July 1 of each year, specifically budget and appropriate moneys as provided in Section 4.1(b)(ii) herein which may be lawfully used to pay Acquisition Payments sufficient to pay all Acquisition Payments due hereunder in the Fiscal Year commencing on such July 1, an Event of Nonappropriation shall be deemed to have occurred; subject, however, to each of the following provisions:
Event of Nonappropriation. (a) In the event that the City Council of the Lessee shall not budget and appropriate, specifically with respect to this Lease, on or before the end of each Fiscal Year, moneys sufficient to pay all Rental Payments and the reasonably estimated Additional Payments coming due for the then current Renewal Term, an Event of Nonappropriation shall be deemed to have occurred. In the event that during the Initial Term or any Renewal Term, any Additional Payments shall become due which were not included in the Lessee’s current budget, or which exceeded the amounts which were included therefor in the Lessee’s current budget, then, in the event that moneys are not specifically budgeted and appropriated to pay such Additional Payments within 30 days subsequent to the date upon which such Additional Payments are due, an Event of Nonappropriation shall be deemed to have occurred.
Event of Nonappropriation. If any one or more of the following events shall occur and be continuing with respect to a Sponsor, it is hereby defined as and declared to be and to constitute an “Event of Non-Appropriation” under this Agreement with respect to such Sponsor:
Event of Nonappropriation. Upon the occurrence of an Event of Nonappropriation, the following provisions shall apply:
Event of Nonappropriation. The phrase means the failure of the City to appropriate for any Fiscal Year, sufficient funds to pay the Grant payment, or the reduction of any previously appropriated money below the amount necessary to permit the City to pay the Grant payments from lawfully available funds.
Event of Nonappropriation. (a) The officer of the County who is responsible for formulating budget proposals with respect to payments of Base Rentals and Additional Rentals is hereby directed (i) to estimate the Additional Rentals payable in the next ensuing Fiscal Year prior to the submission of each annual budget proposal to the Board during the Lease Term and (ii) to include in each annual budget proposal submitted to the Board during the Lease Term the entire amount of Base Rentals scheduled to be paid and the Additional Rentals estimated to be payable during the next ensuing Fiscal Year; it being the intention of the County that any decision to continue or to terminate this Lease shall be made solely by the Board, in its sole discretion, and not by any other department, agency or official of the County.
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Event of Nonappropriation. In the event the County Council shall not, on or before July 1 of each year, specifically budget and appropriate from the proceeds of general obligation bonds or other legally permissible indebtedness, including installment purchase revenue bonds of the Corporation or bond anticipation notes, or from other moneys which may be lawfully used to pay Rental Payments and/or Acquisition Payments, as the case may be, funds sufficient to pay all Acquisition Payments due hereunder in the Fiscal Year commencing on such July 1, an Event of Nonappropriation shall be deemed to have occurred; subject, however, to each of the following provisions:
Event of Nonappropriation. (a) The officer or employee of the City who is responsible for formulating budget proposals with respect to payments of Base Rentals and Additional Rentals is hereby directed (i) to estimate the Additional Rentals payable in the next ensuing Fiscal Year prior to the submission of each annual budget proposal to the Council during the Lease Term and (ii) to include in each annual budget proposal submitted to the Council during the Lease Term the entire amount of Base Rentals scheduled to be paid and the Additional Rentals estimated to be payable during the next ensuing Fiscal Year; it being the intention of the City that any decision to continue or to terminate this Lease shall be made solely by the Council, in its sole discretion, and not by any other department, agency or official of the City.
Event of Nonappropriation. If, by the first day of each Calendar Year corresponding to each Renewal Term, sufficient funds are not appropriated by the City Council for the payment of the City Contribution during such Calendar Year, and funds are not otherwise legally available for such purpose, an event of nonappropriation (“Event of Nonappropriation”) shall be deemed to have occurred, and this Agreement shall terminate as of the expiration of the Initial Term or such Renewal Term, as applicable, for which funds have been appropriated. Upon the occurrence of an Event of Nonappropriation, this Agreement shall terminate as provided above, and the County shall not have the right to compel the City to appropriate the City Contribution in any Calendar Year; provided, however, the Parties acknowledge and agree that:
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