Common use of Continuation of Lease Term Clause in Contracts

Continuation of Lease Term. Lessee currently intends, subject to Section 4.05, to continue the Lease Term for each Lease through the Original Term and all of the Renewal Terms and to pay the Rental Payments hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to make all Rental Payments during the Lease Term for each Lease can be obtained. The responsible financial officer of Lessee shall do all things lawfully within his or her power to obtain and maintain funds from which the Rental Payments may be made, including making provision for the Rental Payments to the extent necessary in each proposed annual budget submitted for approval in accordance with applicable procedures of Lessee and to exhaust all available reviews and appeals in the event such portion of the budget is not approved. Notwithstanding the foregoing, the decision whether or not to budget or appropriate funds or to extend a Lease for any Renewal Term is solely within the discretion of the then current governing body of Xxxxxx.

Appears in 1 contract

Samples: Financing Agreement

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Continuation of Lease Term. Lessee currently intends, subject to the provisions of Section 4.058 and Section 12, to continue the Lease Term for each Lease through the Original Term and all of the Renewal Terms and to pay the Rental Payments hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to make all Rental Payments during the Lease Original Term for and each Lease of the Renewal Terms can be obtained. The responsible financial officer of Lessee shall will do all things lawfully within his or her power to obtain and maintain funds from which the Rental Payments may be made, including making provision for the such Rental Payments to the extent necessary in each proposed annual budget submitted for approval in accordance with applicable procedures of Lessee and to exhaust all available reviews and appeals in the event such portion of the budget is not approved. Notwithstanding the foregoing, the decision whether or not to budget or appropriate funds or to extend a Lease this Agreement for any Renewal Term is solely within the discretion of the then current governing body of XxxxxxLessee.

Appears in 1 contract

Samples: Equipment Lease Purchase Agreement

Continuation of Lease Term. Lessee currently intends, subject to the provisions of Section 4.053.05 and Section 4.04, to continue the Lease Term for each Lease through the Original Maximum Lease Term and all of the Renewal Terms and to pay the Rental Payments hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to make all Rental Payments during the Lease Original Term for and each Lease of the Renewal Terms can be obtained. The responsible financial officer of Lessee shall will do all things lawfully within his or her power to obtain and maintain funds from which the Rental Payments may be made, including making provision for the such Rental Payments to the extent necessary in each proposed annual budget submitted for approval in accordance with applicable procedures of Lessee and to exhaust all available reviews and appeals in the event if such portion of the budget is not approved. Notwithstanding the foregoing, the decision of whether or not to budget or appropriate funds or to extend a Lease this Agreement for any Renewal Term is solely within the discretion of the then then-current governing body of Xxxxxx.

Appears in 1 contract

Samples: Personal Property Lease Purchase Agreement

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Continuation of Lease Term. Lessee currently intends, subject to the provisions of Section 4.053.05 and Section 4.04, to continue the Lease Term for each Lease through the Original Term and all of the Renewal Terms and to pay the Rental Payments hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to make all Rental Payments during the Lease Original Term for and each Lease of the Renewal Terms can be obtained. The responsible financial officer of Lessee shall will do all things lawfully within his or her power to obtain and maintain funds from which the Rental Payments may be made, including making provision for the such Rental Payments to the extent necessary in each proposed annual budget submitted for approval in accordance with applicable procedures of Lessee and to exhaust all available reviews and appeals in the event such portion of the budget is not approved. Notwithstanding the foregoing, the decision whether or not to budget or appropriate funds or to extend a Lease this Agreement for any Renewal Term is solely within the discretion of the then current governing body of XxxxxxLessee.

Appears in 1 contract

Samples: Equipment Lease Purchase Agreement

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