Common use of Facilities Lease is Legally Binding Clause in Contracts

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.

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 six months thereafter or upon payment of the final lease payment.

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 year] thereafter or upon payment of the final lease payment.

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 six (16) year months thereafter or upon payment of the final lease payment.

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 and the Project Site 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 year] thereafter or upon payment of the final lease payment.

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 6 monts thereafter or upon payment of the final lease payment.