Landlord Acknowledgment Sample Clauses
Landlord Acknowledgment. Landlord acknowledges and recognizes that:
(a) This Lease will be terminated upon the occurrence of an Event of Nonappropriation, and that a failure by School to appropriate funds in a manner that results in an Event of Nonappropriation is solely within the discretion of the Board; and
(b) This Lease will be terminated upon nonrenewal or revocation of School's charter.
(c) This is a "Modified Gross Lease", meaning, as to operating costs for the Premises and Complex, including all maintenance, repairs and replacements, ad valorem taxes, insurance and utilities, except for the Base Rent, Monthly Fixed Reimbursable Expenses, utilities separately metered to School, janitorial services for the Premises, personal property taxes of School and specific obligations related to indemnity by School and tortious conduct of School, School shall only be liable for increases in Reimbursable Expenses after the initial Fiscal Year of the Lease Term pursuant to Article VIII.
Landlord Acknowledgment. Landlord acknowledges and recognizes that:
(a) This Lease will be terminated upon the occurrence of an Event of Nonappropriation, and that a failure by School to appropriate funds in a manner that results in an Event of Nonappropriation is solely within the discretion of the Board; and
(b) This Lease will be terminated upon the nonrenewal or revocation of School's charter.
Landlord Acknowledgment. Landlord acknowledges and recognizes that:
(a) This Lease will be terminated upon the occurrence of an Event of Nonappropriation, and that a failure by School to appropriate funds in a manner that results in an Event of Nonappropriation is solely within the discretion of the Board; and
(b) This Lease will be terminated upon nonrenewal or revocation of School's charter.
(c) This is a "Modified Gross Lease", meaning, as to operating costs for the Premises and Complex (including all maintenance, repairs and replacements, ad valorem taxes, insurance and utilities), except for the Base Rent, Monthly Fixed Reimbursable Expenses, utilities separately metered to School, janitorial services for the Premises, School's insurance, personal property taxes of School and specific obligations related to indemnity by School and the tortious conduct of School, School shall only be liable for Annual Adjustments to Reimbursable Expenses if noted in Paragraph L(iii) of the SLP, and such adjustments shall be pursuant to Section 4.02.
Landlord Acknowledgment. Landlord acknowledges and recognizes that:
(a) This Lease will be terminated upon the occurrence of an Event of Nonappropriation;
(b) This Lease will be terminated upon nonrenewal or revocation of School’s charter; and
(c) This is a “modified gross lease”, meaning, as to operating costs for the Premises (including maintenance, repairs and replacements, property taxes, insurance and utilities), School is only responsible for certain maintenance, repairs and replacements to the Premises, utilities separately metered to School, janitorial services for the Premises, School’s insurance, personal property taxes of School and specific obligations related to indemnity by School and the tortious conduct of School.
Landlord Acknowledgment. Landlord acknowledges and recognizes that:
(a) This Lease will be terminated upon the occurrence of an Event of Nonappropriation;
(b) This Lease will be terminated upon nonrenewal or revocation of School's charter; and
(c) This is a "Modified Gross Lease", meaning, as to operating costs for the Premises and Complex (including all maintenance, repairs and replacements, ad valorem taxes, insurance and utilities), except for the Base Rent, Monthly Fixed Reimbursable Expenses, utilities separately metered to School, janitorial services for the Premises, School's insurance, personal property taxes of School and specific obligations related to indemnity by School and the tortious conduct of School, School shall only be liable for Annual Adjustments to Reimbursable Expenses if noted in Addendum "Five" and such adjustments shall be pursuant to Section 4.02.