Common use of CONSTRUCTION/ACQUISITION Clause in Contracts

CONSTRUCTION/ACQUISITION. (a) The Owner has entered into the Contract with Contractor in order to acquire and construct the Project, while enjoying use of the Site. The cost of the acquisition, construction and installation of the tenant improvements defined as the Project and the Owner’s use of the Site under this Sublease is determined by the Total Sublease Amount as set forth in the Lease-Leaseback Agreement and Exhibit A of this Sublease. (b) In order to ensure that moneys sufficient to pay all costs will be available for this purpose when required, the Owner shall maintain on deposit in its general or other appropriate fund, and shall annually appropriate funds sufficient to make all Sublease payments which become due to Contractor under this Sublease.

CONSTRUCTION/ACQUISITION. (a) The Owner has entered into the Contract with Contractor in order to acquire and construct the ProjectWork, while enjoying use of the Site. The cost of the acquisition, construction and installation of the tenant improvements defined as the Project Work and the Owner’s use of the Site under this Sublease is determined by the Total Sublease Amount as set forth in the Lease-Leaseback Agreement and Exhibit A of this Sublease. (b) In order to ensure that moneys sufficient to pay all costs will be available for this purpose when required, the Owner shall maintain on deposit in its general or other appropriate fund, and shall annually appropriate funds sufficient to make all Sublease payments which become due to Contractor under this Sublease.