Common use of Facility Lease or Purchase Clause in Contracts

Facility Lease or Purchase. The Charter School may not enter into any facility lease, lease amendment, purchase agreement, loan agreement, or bond purchase/loan agreement without the prior written approval of the School District. Before signing any facility lease, lease amendment, purchase agreement, loan agreement, or bond purchase/loan agreement, the Charter School shall provide a copy of the agreement to the School District for its review and approval. The prior approval requirement also applies when any of the aforementioned documents will be executed by a foundation or non-profit organization that is established to benefit the Charter School. The Charter School is responsible for obtaining its own legal advice regarding any lease agreement, purchase/loan agreement, and other property agreements.