Facilities Lease is Legally Binding Sample Clauses

Facilities Lease is Legally Binding. This Facilities Lease is legally binding on the Parties upon execution by the Parties and the District Board’s approval of this Facilities Lease. The “Term” of this Facilities Lease for the purposes of District’s obligation to make Lease Payments shall commence on the date when Developer delivers possession of the Project to District and when all improvements to be provided by Developer are determined by the District to be completed as set forth in Exhibit D to this Facilities Lease. Unless earlier terminated pursuant to the provisions of the Contract Documents, the Term of this Facilities Lease for the purposes of District’s obligations to make Lease Payments shall terminate one (1) year thereafter or upon payment of the final lease payment.
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Facilities Lease is Legally Binding. This Facilities Lease is legally binding on the Parties upon execution by the Parties and the District Board’s approval of this Facilities Lease. The “Term” of this Facilities Lease for the purposes of District’s obligation to make Lease Payments shall commence on the earlier of the following two (2) events, whichever occurs first (“Commencement Date”):
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Facilities Lease is Legally Binding. This Facilities Lease is legally binding on the Parties upon execution by the Parties and the District Board’s approval of this Facilities Lease. The Term of this Facilities Lease for the purposes of District’s occupancy shall commence on the earlier of the following two (2) events (“Commencement Date”) and shall terminate twelve (12) months after the Commencement Date (the “Term”):
Sample 1Sample 2
Facilities Lease is Legally Binding. This Facilities Lease is legally binding on the Parties upon execution by the Parties and the District Board’s approval of this Facilities Lease. The Term of this Facilities Lease for the purposes of District’s occupancy shall commence after the Parties have satisfied all preconditions for the Parties execution of the Memorandum of Commencement Date as set forth in “Timing of Lease Payments” in Exhibit C, and then on the earlier of the following two (2) events (“Commencement Date”), and shall terminate twelve (12) months after the Commencement Date (the “Term”):
Sample 1Sample 2
Facilities Lease is Legally Binding. This Facilities Lease is legally binding on the Parties upon execution by the Parties and the District Board’s approval of this Facilities Lease. The Term of this Facilities Lease for the purposes of District’s occupancy shall commence on the earlier of the following two (2) events (“Commencement Date”) and shall terminate twelve (12) months after the Commencement Date (the “Term”): The date the District takes beneficial occupancy of the entire Project; or The date of Project Completion, as defined in Exhibit D to this Facilities Lease. On the Commencement Date, the Parties shall execute the Memorandum of Commencement Date attached hereto as Exhibit E to memorialize the commencement and expiration dates of the Term. Notwithstanding this Term, the Parties hereby acknowledge that each has obligations, duties, and rights under this Facilities Lease that exist upon execution of this Facilities Lease and prior to the beginning of the Term. The Parties expressly agree that the District’s obligation to make Lease Payments, notwithstanding the Commencement Date, is conditioned on the Contractor completing and satisfying all conditions indicated in Exhibit C, that are required prior to the District being obligated to make the first Lease Payment. The Term may be extended or shortened upon the occurrence of the earliest of any of the following events, which shall constitute the end of the Term: An Event of Default by District as defined herein and Contractor’s election to terminate this Facilities Lease as permitted herein, or An Event of Default by Contractor as defined herein and District’s election to terminate this Facilities Lease as permitted herein, or A third-party taking of the Project under Eminent Domain, only if the Term is ended as indicated more specifically herein. Damage or destruction of the Project, only if the Term is ended as indicated more specifically herein.
Sample 1
Facilities Lease is Legally Binding. This Facilities Lease is legally binding on the Parties upon execution by the Parties and the District Board’s approval of this Facilities Lease. The “Term” of this Facilities Lease for the purposes of District’s obligation to make Lease Payments shall commence on the date the District takes beneficial occupancy of the Project (“Commencement Date”). Unless earlier terminated pursuant to the provisions of the Contract Documents, the Term of this Facilities Lease for the purposes of District’s obligations to make Lease Payments shall terminate [one (1) year] thereafter or upon payment of the final lease payment.
Sample 1

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