Common use of Determination of Fair Purchase Price Clause in Contracts

Determination of Fair Purchase Price. Lessee and Lessor hereby agree and determine that the Rental Payment hereunder during the Original Term and any Renewal Term represent the fair value of the use of the Project and that the amount required to exercise Lessee’s option to purchase Lessor’s interest in the Project pursuant to Section 10.1 represents, as of the end of the applicable Rental Payment Date, the fair purchase price of the Project. Lessee hereby determines that the Rental Payments do not exceed a reasonable amount so as to place Lessee under an economic practical compulsion to renew this Lease or to exercise its option to purchase the Project hereunder. In making such determinations, Lessee and Lessor have given consideration to the Costs of the Improvements, the uses and purposes for which the Project will be employed by Lessee, the benefit to Lessee by reason of the acquisition, construction, equipping and installation of the Improvements and the use and occupancy of the Project pursuant to the terms and provisions of this Lease and Lessee’s option to purchase the Project. Lessee hereby determines and declares that the acquisition, construction, equipping and installation of the Improvements and the leasing of the Project pursuant to this Lease will result in a Project of comparable quality and meeting the same requirements and standards as would be necessary if the acquisition, construction, equipping and installation of the Improvements were performed by Lessee other than pursuant to this Lease. Lessee hereby determines and declares that the Maximum Lease Term does not exceed the useful life of the Improvements.

Determination of Fair Purchase Price. Lessee and Lessor hereby agree and determine that the Rental Payment hereunder during the Original Term and any Renewal Term represent the fair value of the use of the Project and that the amount required to exercise Lessee’s option to purchase Lessor’s interest in the Project pursuant to Section 10.1 represents, as of the end of the applicable Rental Payment Date, the fair purchase price of the Project. Lessee hereby determines that the Rental Payments Rentals do not exceed a reasonable amount so as to place Lessee under an economic practical compulsion to renew this Lease or to exercise its option to purchase the Project hereunder. In making such determinations, Lessee and Lessor have given consideration to the Costs of the ImprovementsFacility, the uses and purposes for which the Project will be employed by Lessee, the benefit to Lessee by reason of the acquisition, construction, equipping and installation acquisition of the Improvements Facility and the use and occupancy of the Project pursuant to the terms and provisions of this Lease and Lessee’s option to purchase the Project. Lessee hereby determines and declares that the acquisition, construction, equipping and installation acquisition of the Improvements Facility and the leasing of the Project pursuant to this Lease will result in a Project Site of comparable quality and meeting the same requirements and standards as would be necessary if the acquisition, construction, equipping and installation acquisition of the Improvements Facility were performed by Lessee other than pursuant to this Lease. Lessee hereby determines and declares that the Maximum Lease Term does not exceed the useful life of the Improvements.Facility. ARTICLE XI

Determination of Fair Purchase Price. Lessee Xxxxxx and Lessor hereby agree and determine that the Rental Payment hereunder during the Original Term and any Renewal Term represent the fair value of the use of the Project and that the amount required to exercise Lessee’s option to purchase Lessor’s interest in the Project pursuant to Section 10.1 represents, as of the end of the applicable Rental Payment Date, the fair purchase price of the Project. Lessee hereby determines that the Rental Payments do not exceed a reasonable amount so as to place Lessee under an economic practical compulsion to renew this Lease or to exercise its option to purchase the Project hereunder. In making such determinations, Lessee and Lessor have given consideration to the Costs of the Improvements, the uses and purposes for which the Project will be employed by LesseeXxxxxx, the benefit to Lessee by reason of the acquisition, construction, equipping and installation of the Improvements and the use and occupancy of the Project pursuant to the terms and provisions of this Lease and LesseeXxxxxx’s option to purchase the Project. Lessee hereby determines and declares that the acquisition, construction, equipping and installation of the Improvements and the leasing of the Project pursuant to this Lease will result in a Project of comparable quality and meeting the same requirements and standards as would be necessary if the acquisition, construction, equipping and installation of the Improvements were performed by Lessee other than pursuant to this Lease. Lessee hereby determines and declares that the Maximum Lease Term does not exceed the useful life of the Improvements.

Determination of Fair Purchase Price. Lessee The City and Lessor the Bank hereby agree and determine that the Rental Payment Payments hereunder during the Original Term and any Renewal Term represent the fair value of the use of the Project Facilities and that the amount required to exercise Lesseethe City’s option to purchase Lessorthe Bank’s interest in the Project Facilities pursuant to Section 10.1 represents, as of the end of the applicable Rental Payment Date, the fair purchase price of the ProjectFacilities. Lessee The City hereby determines that the Rental Payments do not exceed a reasonable amount so as to place Lessee the City under an economic practical compulsion to renew this Lease Purchase Agreement or to exercise its option to purchase the Project Facilities hereunder. In making such determinations, Lessee the City and Lessor the Bank have given consideration to the Costs of the Improvements, the uses and purposes for which the Project Facilities will be employed by Lesseethe City, the benefit to Lessee the City by reason of the acquisition, construction, equipping and installation of the Improvements and the use and occupancy of the Project Facilities pursuant to the terms and provisions of this Lease Purchase Agreement and Lesseethe City’s option to purchase the ProjectFacilities. Lessee The City hereby determines and declares that the acquisition, construction, equipping and installation of the Improvements and the leasing of the Project Facilities pursuant to this Lease Purchase Agreement will result in a Project Facilities of comparable quality and meeting the same requirements and standards as would be necessary if the acquisition, construction, equipping and installation of the Improvements were performed by Lessee the City other than pursuant to this LeaseLease Purchase Agreement. Lessee The City hereby determines and declares that the Maximum Lease Term does not exceed the useful life of the Improvements.