DISTRICT’S OPTIONS Clause Samples
The "District’s Options" clause defines the specific rights or choices available to the district under the contract. Typically, this clause outlines actions the district may take, such as extending the contract term, purchasing additional services, or modifying the scope of work, often within certain timeframes or under specified conditions. By clearly stating these options, the clause provides flexibility for the district to adapt to changing needs while ensuring both parties understand the boundaries of the district’s authority, thereby reducing the risk of disputes and ensuring operational clarity.
DISTRICT’S OPTIONS. Section 7.01 I Partial Prepayment of Sublease Rentals and Bonds 17 ARTICLE 8 I GENERAL Section 8.01 I Binding Effect 18 Section 8.02 I Severability 18 Section 8.03 I Execution Counterparts 18 Section 8.04 I Attorney Fees of Board and Issuer 18 EXHIBITS Exhibit A Series 2015B Project Exhibit B Real Property Exhibit C Written Request for Series 2015B Bond Proceeds Exhibit D Sublease Rental Schedule Exhibit E Legal Description for Site of Prior Improvements THIS NINTH SUPPLEMENT TO SUBLEASE AGREEMENT (herein being referred to as the “Supplemental Sublease”) dated as of February 1, 2015, between the SOUTH DAKOTA BOARD OF EDUCATION (herein, the “Board”) and RAPID CITY SCHOOL