Common use of Assignment and Leasing by the Board Clause in Contracts

Assignment and Leasing by the Board. This Purchase Contract may not be assigned by the Board. Except for leases by the Board for occasional, de minimus use that is permitted under the terms of the Tax Agreement, the Improvements may be leased in whole or in part by the Board only with the written consent of the Trustee, and subject to all of the following conditions: (i) This Purchase Contract and the obligation of the Board to make Installment Payments and Additional Payments hereunder shall remain obligations of the Board; (ii) The Board shall, within 30 days after the delivery thereof, furnish or cause to be furnished to the Trustee, a true and complete copy of such lease; (iii) No such lease by the Board shall cause any of the Improvements to be used for a purpose other than a governmental or proprietary function authorized under the provisions of the Constitution and laws of the State; and (iv) The Board shall furnish the Trustee with a Favorable Opinion of Special Counsel with respect to any such lease.

Assignment and Leasing by the Board. This Purchase Contract may not be assigned by the Board. Except for leases by the Board for occasional, de minimus use that is permitted under the terms of the Tax Agreement, the The Improvements may be leased in whole or in part by the Board only with the written consent of the Trustee, and subject to all of the following conditions: (i) This Purchase Contract and the obligation of the Board to make Installment Payments and Additional Payments hereunder shall remain obligations of the Board; (ii) The Board shall, within 30 days after the delivery thereof, furnish or cause to be furnished to the Trustee, a true and complete copy of such lease; (iii) No such lease by the Board shall cause any of the Improvements to be used for a purpose other than a governmental or proprietary function authorized under the provisions of the Constitution and laws of the State; and (iv) The Except for leases for occasional, de minimus use of the Improvements that is permitted under the terms of the Tax Certificate, the Board shall furnish the Trustee with a Favorable Opinion of Special Counsel with respect to any such lease.