District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”). 5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense. 5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1
Appears in 4 contracts
Samples: Facilities Lease, Facilities Lease, Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 5 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2021 1. CONTRACT TERMS AND DEFINITIONS 1 2. [RESERVED] 10 3. ARCHITECT 10
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 5 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2022
1. Contract Terms and Definitions 1 2. [RESERVED] 10 3. Architect 10
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.this
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attachedATTACHMENT 1 GENERAL CONDITIONS COSTS ATTACHMENT 2 GUARANTEED MAXIMUM PRICE ATTACHMENT 3 SCHEDULE OF LEASE PAYMENTS Totals
1. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1Contract Terms and Definitions 1 2. [RESERVED] 11 3. Architect 11
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1
1. Contract Terms and Definitions 1 2. [Reserved] 10
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1.
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.’s
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after the Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1.
ATTACHMENT 1 GENERAL CONDITIONS COSTS
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. [REMAINDER OF PAGE INTENTIONALLY BLANK; ATTACHMENTS FOLLOW] Loan Amount: $ Interest: 8.505.00% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.this
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1ATTACHMENT 1 GENERAL CONDITIONS COSTS
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after the Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1.
ATTACHMENT 1 GENERAL CONDITIONS COSTS
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 5 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2023 1. CONTRACT TERMS AND DEFINITIONS 1 2. [RESERVED] 10 3. ARCHITECT 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2023
1. Contract Terms and Definitions 1 2. [Reserved] 10 3. Architect 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. [REMAINDER OF PAGE INTENTIONALLY BLANK; ATTACHMENTS FOLLOW] To be attached. Loan Amount: $ Interest: 8.504.25% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 6 Attached are the general construction terms and conditions for the Project. Dated as of June , 2023
1. Contract Terms and Definitions 1 2. [Reserved] 10 3. Architect 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.this
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after the Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1.
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 5 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2022
1. Contract Terms and Definitions 1 2. [RESERVED] 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. [REMAINDER OF PAGE INTENTIONALLY BLANK; ATTACHMENTS FOLLOW] To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.this
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attachedATTACHMENT 2 GUARANTEED MAXIMUM PRICE ATTACHMENT 3 SCHEDULE OF LEASE PAYMENTS Totals
1. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1Contract Terms and Definitions 1 2. [RESERVED] 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.this
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attachedATTACHMENT 1 GENERAL CONDITIONS COSTS ATTACHMENT 2 GUARANTEED MAXIMUM PRICE ATTACHMENT 3 SCHEDULE OF LEASE PAYMENTS Totals
1. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1Contract Terms and Definitions 1 2. [RESERVED] 11
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after the Developer completes the Project and the District accepts the Project. To be attached. To be attached. Loan Amount: $ Interest: 8.50% Annual To be negotiated Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly # Total Payment Principal Payment Interest Payment Balance 1 Dated as of , 2018
1. Contract Terms and Definitions 1 2. [RESERVED] 9
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.this
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1ATTACHMENT 1 GENERAL CONDITIONS COSTS ATTACHMENT 2 GUARANTEED MAXIMUM PRICE ATTACHMENT 3 SCHEDULE OF LEASE PAYMENTS Totals
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after the Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly # Total Payment Principal Payment Interest Payment Balance 1 4 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2019
1. Contract Terms and Definitions 1 2. [RESERVED] 9
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 5 6 Attached are the general construction terms and conditions for the Project. Dated as of , 2024 1. CONTRACT TERMS AND DEFINITIONS 1 2. [RESERVED] 10 3. ARCHITECT 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.502% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 11 5 6 7 8 9 10 11 12
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.exercises
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. To be attached. Loan Amount: $ Interest: 8.50% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1ATTACHMENT 1 GENERAL CONDITIONS COSTS ATTACHMENT 2 GUARANTEED MAXIMUM PRICE ATTACHMENT 3 SCHEDULE OF LEASE PAYMENTS Totals BY AND BETWEEN PLEASANTON UNIFIED SCHOOL DISTRICT AND [DEVELOPER] defined.3.
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. [REMAINDER OF PAGE INTENTIONALLY BLANK) (ATTACHMENTS TO FOLLOW] To be attached. Loan Amount: $ Interest: 8.504.25% Annual Term in Months 12.00 6.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance 1 Attached are the general construction terms and conditions for the Project. Dated as of October , 2022
1. Contract Terms and Definitions 1 2. [RESERVED] 10
Appears in 1 contract
Samples: Facilities Lease
District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
5.2 District shall provide to Developer a written notice no less than ten (10) days prior to the Option Date. The notice will include that District is exercising its option to purchase the Project as set forth above on the Option Date. If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District an executed Termination Agreement and Quitclaim Deed in recordable form to terminate this Facilities Lease and the Site Lease. District may record all such documents at District’s cost and expense.
5.3 Under no circumstances can the first Option Date be on or before ninety (90) days after Developer completes the Project and the District accepts the Project. [REMAINDER OF PAGE INTENTIONALLY BLANK; ATTACHMENTS FOLLOW] To be attached. Loan Amount: $ 87,500.00 Interest: 8.505.33% Annual Term in Months 12.00 Payment Frequency Monthly Payment Monthly Payment Principal Payment Interest Payment Balance Dated as of , 20
1. Contract Terms and Definitions 1 2. [Reserved] 10 3. Architect 10
Appears in 1 contract
Samples: Facilities Lease