Future Buyout of Facilities Lease. The District may choose to buyout the Lease Payments in a lump sum during the term of the Facilities Lease. The Parties agree that any buyout will be memorialized in writing and serve to terminate the Site Lease and the Facilities Lease and will reduce the interest owed based on the time of the buyout. Under no circumstances can this buyout occur until at least sixty (60) days after Project Completion or the Execution of the Memorandum of Commencement Date, whichever is later. In no event shall any buyout increase the total amount of Lease Payment amounts, plus interest in excess of the amounts included in the Project’s Guaranteed Project Cost. EXHIBIT D TO FACILITIES LEASE GENERAL CONSTRUCTION PROVISIONS TABLE OF CONTENTS 1. CONTRACT TERMS AND DEFINITIONS 46 1.1. Definitions 46 1.2. Laws Concerning The Contract 50 1.3. No Oral Agreements 51 1.4. No Assignment 51 1.5. Notice And Service Thereof 51 1.6. No Waiver 51 1.7. Substitutions for Specified Items 51 1.8. Materials and Work 51
Future Buyout of Facilities Lease. The District may choose to buyout the Lease Payments in a lump sum during the term of the Facilities Lease. The Parties agree that any buyout will be memorialized in writing and serve to terminate the Site Lease and the Facilities Lease and will reduce the interest owed based on the time of the buyout. Under no circumstances can this buyout occur until at least sixty (60) days after Project Completion or the Execution of the Memorandum of Commencement Date, whichever is later. In no event shall any buyout increase the total amount of Lease Payment amounts, plus interest in excess of the amounts included in the Project’s Guaranteed Project Cost. EXHIBIT D TO FACILITIES LEASE GENERAL CONDITIONS
Future Buyout of Facilities Lease. If agreed to in writing by the Parties, the Parties may agree that the District can choose to buyout the Lease Payments in a lump sum during the term of the Facilities Lease. The Parties agree that any buyout will be memorialized in writing and serve to terminate the Site Lease and the Facilities Lease and will reduce the interest owed based on the time of the buyout. Under no circumstances can this buyout occur until at least sixty (60) days after Project Completion or the Execution of the Memorandum of Commencement Date, whichever is later. In no event shall any buyout increase the total amount of Lease Amounts in excess of the Guaranteed Project Cost. EXHIBIT D2 TO FACILITIES LEASE GENERAL CONSTRUCTION PROVISIONS TABLE OF CONTENTS 1. CONTRACT TERMS AND DEFINITIONS 4 1.1. Definitions 4 1.2. Laws Concerning The Contract 7 1.3. No Oral Agreement 7 1.4. No Assignment 7 1.5. Notice And Service Thereof 8
Future Buyout of Facilities Lease. The District may choose to buyout the Lease Payments in a lump sum during the term of the Facilities Lease. The Parties agree that any buyout will be memorialized in writing and serve to terminate the Site Lease and the Facilities Lease and will reduce the interest owed based on the time of the buyout. Under no circumstances can this buyout occur until at least sixty (60) days after Project Completion or the Execution of the Memorandum of Commencement Date, whichever is later. In no event shall any buyout increase the total amount of Lease Payment amounts, plus interest in excess of the amounts included in the Project’s Guaranteed Project Cost. Deductive Alternate #1 $ Deductive Alternate #2 $ I the below-indicated bidder, declare under penalty of perjury that the information provided, and representations made in this bid are true and correct. Proper Name of Company Name of Bidder Representative Street Address City, State, and Zip ( ) Phone Number
