EVENTS OF LEASE DEFAULT AND REMEDIES. 46 Section 14.1 Events of Lease Default Defined. 46 Section 14.2 Remedies on Default 46 Section 14.3 Limitations on Remedies. 48 Section 14.4 No Remedy Exclusive 48 Section 14.5 Waivers. 48 Section 14.6 Agreement to Pay Attorneys’ Fees and Expenses. 48 Section 14.7 Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. 48 ARTICLE 15 MISCELLANEOUS 50 Section 15.1 Sovereign Powers of District. 50 Section 15.2 Notices. 50 Section 15.3 Third Party Beneficiaries 50 Section 15.4 Binding Effect. 50 Section 15.5 Amendments. 50 Section 15.6 Amounts Remaining in Funds. 50 Section 15.7 Triple Net Lease 51 Section 15.8 Computation of Time 51 Section 15.9 Payments Due on Holidays 51 Section 15.10 Severability 51 Section 15.11 Execution in Counterparts. 51 Section 15.12 Applicable Law. 51 Section 15.13 The Trustee Is Independent of the District. 52 Section 15.14 Governmental Immunity 52 Section 15.15 Recitals. 52 Section 15.16 Captions. 52 Section 15.17 Trustee’s Disclaimer. 52 Section 15.18 Electronic Transactions. 52 EXHIBIT A: DESCRIPTION OF LEASED PROPERTY .................................................................................A-1 EXHIBIT B: PERMITTED ENCUMBRANCES .............................................................................................. B-1 EXHIBIT C: BASE RENTALS SCHEDULE....................................................................................................C-1 EXHIBIT D: FORM OF NOTICE OF LEASE RENEWAL..............................................................................D-1 EXHIBIT E: FORM OF REQUISITION……………………………………………………..E-1 EXHIBIT F: CERTIFICATE OF COMPLETION…………………………………………...F-1 This LEASE PURCHASE AGREEMENT, dated as of [CLOSING DATE], 2019 (this “Lease”), is by and between [TRUSTEE], Denver, Colorado, a national banking association duly organized and validly existing under the laws of the United States of America, solely in its capacity as trustee under the Indenture (the “Trustee”), as lessor, and the Colorado Springs School District No. 11, El Paso County, Colorado, a school district and political subdivision duly organized and existing under the Constitution and laws of the State of Colorado (the “District”), as lessee.
EVENTS OF LEASE DEFAULT AND REMEDIES. 39 Section 15.1 Events of Lease Default Defined. 39 Section 15.2 Remedies on Default. 39 Section 15.3 Limitations on Remedies. 40 Section 15.4 No Remedy Exclusive. 41 Section 15.5 Waivers. 41 Section 15.6 Agreement to Pay Attorneys’ Fees and Expenses. 41 Section 15.7 Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. 41
EVENTS OF LEASE DEFAULT AND REMEDIES
