Examples of Site Lease in a sentence
In the event any provision of this Facilities Lease shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof, unless elimination of such invalid provision materially alters the rights and obligations embodied in this Facilities Lease or the Site Lease.
If District is not then in Default hereunder, District shall have the option to purchase not less than all of Contractor's interests under this Facilities Lease and terminate this Facilities Lease and Site Lease, and shall pay Contractor for Work satisfactorily performed, as that term is defined in the Project Manual (Exhibit B to this Facilities Lease) and Exhibit A to this Facilities Lease, less any Lease Payments paid and Tenant Improvement Payments previously paid by District.
Upon payment as aforesaid and payment of all other amounts owed, this Facilities Lease and Site Lease shall terminate and be of no further force and effect without the need for recording any document, however, Contractor shall deliver to District all reasonably necessary documents in recordable form as requested to evidence termination of this Facilities Lease and the Site Lease and transfer of title of any improvements to the District.
Contractor is a corporation duly organized and existing under the laws of the State of California; has the power to enter into this Facilities Lease and the Site Lease; is possessed of full power to own, rent and hold real and personal property, and to lease and sell the same; and has duly authorized the execution and delivery of all of the aforesaid agreements.
Date: LESSOR: REGION 2000 SERVICES AUTHORITY COMMONWEALTH OF VIRGINIA CITY/COUNTY OF , to wit: The foregoing Site Lease Agreement was acknowledged before me this day of , 2020 by _ , acting in his capacity as on behalf of the Authority.