Assignment and Subleasing by the District Sample Clauses
The "Assignment and Subleasing by the District" clause defines the conditions under which the District, as a tenant or lessee, may transfer its rights or obligations under a lease to another party or allow another party to occupy the leased premises. Typically, this clause outlines whether the District needs the landlord's consent to assign the lease or sublease the property, and may specify any restrictions or procedures that must be followed. Its core practical function is to provide flexibility for the District to adapt to changing needs, such as relocating operations or sharing space, while also protecting the interests of the property owner by ensuring oversight and control over who occupies the premises.
Assignment and Subleasing by the District. Any assignment or sublease by District shall be subject to all of the following conditions:
21.1.1 This Facilities Lease and the obligation of the District to make the payments required pursuant to the GMP provisions indicated in Exhibit C shall remain obligations of the District; and
21.1.2 The District shall, within thirty (30) days after the delivery thereof, furnish or cause to be furnished to Developer a true and complete copy of any assignment or sublease.
Assignment and Subleasing by the District. Any assignment or sublease by District shall be subject to all of the following conditions:
21.1.1. This Master Facilities Lease and the obligation of the District to make the payments required pursuant to the Guaranteed Project Cost Provisions indicated in Exhibit C shall remain obligations of the District; and
21.1.2. The District shall, within thirty (30) days after the delivery thereof, furnish or cause to be furnished to Contractor a true and complete copy of any assignment or sublease; and
Assignment and Subleasing by the District. This Lease may not be assigned by the District for any reason. However, the 2025 Leased Property may be subleased, as a whole or in part, by the District, without the necessity of obtaining the consent of the Corporation, the Trustee or any Owners; subject, however, to each of the following conditions:
(a) The 2025 Leased Property may be subleased, in whole or in part, to any entity or entities if, in the opinion of nationally recognized bond counsel, such sublease will not cause the District to violate its tax covenant in Section 11.7 hereof;
(b) This Lease, and the obligations of the District hereunder, shall, at all times during the Lease Term, remain obligations of the District, and the District shall maintain its direct relationships with the Corporation and the Trustee, notwithstanding any sublease;
(c) The District shall furnish or cause to be furnished to the Corporation and the Trustee a copy of any sublease agreement;
(d) No sublease by the District shall cause the 2025 Leased Property to be used for any purpose which would cause the District to violate its tax covenant in Section
Assignment and Subleasing by the District. Any assignment or sublease by District shall be subject to all of the following conditions:
Assignment and Subleasing by the District. Neither the Site Lease nor his Lease may be assigned by the District. The District may sublease the Leased Property, or any portion thereof, with the prior written consent of the Assignee, in its sole and absolute discretion, subject to all of the following conditions:
(a) The Site Lease and this Lease and the obligation of the District to make Lease Payments hereunder shall remain obligations of the District.
(b) The District shall, within 30 days after the delivery thereof, furnish or cause to be furnished to the Corporation and the Assignee a true and complete copy of such sublease.
(c) Any sublease shall be expressly subject and subordinate to the Site Lease and this Lease. No such sublease by the District may cause the Leased Property to be used for a purpose which is not authorized under the provisions of the laws of the State.
(d) The District shall furnish the Corporation and the Assignee with an opinion of Bond Counsel stating that such sublease does not cause the interest components of the Lease Payments to become includable in gross income for purposes of federal income taxation or to become subject to personal income taxation by the State.
(e) Such other deliverables requested by Assignee.
Assignment and Subleasing by the District. This Lease may not be assigned by the District. With the prior written consent of the Assignee, in its sole and absolute discretion, the District may sublease the Leased Property, or any portion thereof, subject to all of the following conditions:
(a) This Lease and the obligation of the District to make Lease Payments hereunder shall remain obligations of the District.
(b) The District shall, within 30 days after the delivery thereof, furnish or cause to be furnished to the Assignee a true and complete copy of such sublease.
(c) Any sublease shall be expressly subject and subordinate to this Lease.
(d) No such sublease by the District may cause the Leased Property to be used for a purpose other than an essential government function and as may be authorized under the provisions of the laws of the State of Kansas.
(e) The Assginee shall receive an opinion of Bond Counsel satisfactory to the Assignee that such sublease by the District will not constitute reissuance of the Lease or any Lease Payments for federal tax purposes or adversely affect the status of the Lease as a “qualified zone academy bond” or adversely affect any Tax Credits claimed or to be claimed by a Holder.
Assignment and Subleasing by the District. The District may sublease the Leased Property, or any portion thereof, subject to all of the following conditions
(a) This Lease and the obligation of the District to make Lease Payments hereunder shall remain obligations of the District.
(b) The District shall, within 30 days after the delivery thereof, furnish or cause to be furnished to the Corporation, the Certificate Insurer and the Trustee a true and complete copy of such sublease.
(c) No such sublease by the District shall cause the Leased Property to be used for a purpose which is not authorized under the provisions of the laws of the State of California.
(d) The District shall furnish the Corporation, the Certificate Insurer and the Trustee with a written opinion of Bond Counsel stating that such sublease does not cause the interest components of the Lease Payments to become includable in gross income for purposes of federal income taxation or to become subject to personal income taxation by the State of California.
(e) The District shall obtain the written consent of the Certificate Insurer to such sublease.
Assignment and Subleasing by the District. This Lease may not be assigned by the District. The District may sublease the Leased Property, or any portion thereof, subject to all of the following conditions:
(a) This Lease and the obligation of the District to make Lease Payments hereunder shall remain obligations of the District.
(b) The District shall, within thirty (30) days after the delivery thereof, furnish or cause to be furnished to the Corporation and the Certificate Insurer a true and complete copy of such sublease.
(c) No such sublease by the District shall cause the Leased Property to be used for a purpose other than as may be authorized under the provisions of the laws of the State of California.
(d) The District shall furnish the Corporation with a written opinion of Bond Counsel stating that such sublease does not cause the interest components of the Lease Payments to become includable in gross income for purposes of federal income taxation or to become subject to personal income taxation by the State of California.
(e) The District has obtained the prior written consent of the Certificate Insurer.
Assignment and Subleasing by the District. Except as hereinafter expressly provided, none of the District’s right, title and interest in, to and under the Base Lease, this Lease and in the Real Property or Improvements may be assigned or encumbered by the District for any reason; except that the District may sublease any one or more parts of the Real Property or Improvements if the District obtains an Opinion of Special Tax Counsel that such subleasing will not adversely affect the status of this Lease as a Qualified Zone Academy Bond. Any such sublease of all or part of the Real Property or Improvements will be subject to the Base Lease, this Lease and the rights of the Trustee in, to and under the Base Lease, this Lease, the Real Property and the Improvements.