Acquisition of the Improvements. (a) The Trustee shall undertake the Improvements in accordance with the applicable Improvements Documents to the extent and only to the extent that the Board discharges the Trustee’s responsibilities under this Section 3.2. The Board hereby agrees to cause the Improvements to be acquired, constructed and equipped solely as the Trustee’s agent hereunder and will undertake the Improvements in accordance with the applicable Improvements Documents. Each Improvement Contract has been or shall be awarded by the Board to a Contractor authorized to do business with the Board, and such Improvement Contract shall be awarded after such public bidding and following such procedures as may be required by the applicable laws relating to the awarding of contracts of a similar nature by the Board.
Appears in 3 contracts
Samples: Acquisition Agreement, Acquisition Agreement, Installment Purchase Contract
Acquisition of the Improvements. (a) The Trustee shall will undertake the Improvements in accordance with the applicable Improvements Documents to the extent and only to the extent that the Board discharges the Trustee’s responsibilities under this Section 3.2. The Board hereby agrees to will cause the Improvements to continue to be acquired, acquired and constructed and equipped solely as the Trustee’s agent hereunder and will continue to undertake the Improvements in accordance with the applicable Improvements Documents. Each Improvement Contract has been been, or shall be be, awarded by the Board to a Contractor authorized to do business with under the Boardlaws of the State, and such each Improvement Contract shall be has been, or will be, awarded after such public bidding and following such procedures as may be required by the applicable laws relating to the awarding of contracts of a similar nature by the Board.Board.
Appears in 1 contract
Samples: Installment Purchase Contract
