Lease of Project and Project Site. 3.1 Developer hereby leases the Project and the Project Site to the District, and the District hereby leases said Project and Project Site from Developer upon the terms and conditions set forth in this Facilities Lease. 3.2 The leasing by Developer to the District of the Project Site shall not affect or result in a merger of the District’s leasehold estate pursuant to this Facilities Lease and its fee estate as lessor under the Site Lease. Developer shall continue to have 3.3 As to the Project Site, this Facilities Lease shall be deemed and constitute a sublease.
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
Lease of Project and Project Site. 3.1 Developer hereby leases the Project and the Project Site to the District, and the District hereby leases said Project and Project Site from Developer upon the terms and conditions set forth in this Facilities Lease.
3.2 The leasing by Developer to the District of the Project Site shall not affect or result in a merger of the District’s leasehold estate pursuant to this Facilities Lease and its fee estate as lessor under the Site Lease. Developer shall continue to have
3.3 As to the Project Site, this Facilities Lease shall be deemed and constitute a sublease.
Appears in 2 contracts
Samples: Facilities Lease, Facilities Lease
Lease of Project and Project Site. 3.1 Developer hereby leases the Project and the Project Site to the District, and the District hereby leases said Project and Project Site from Developer upon the terms and conditions set forth in this Facilities Lease.
3.2 The leasing by Developer to the District of the Project Site shall not affect or result in a merger of the District’s leasehold estate pursuant to this Facilities Lease and its fee estate as lessor under the Site Lease. Developer shall continue to haveor
3.3 As to the Project Site, this Facilities Lease shall be deemed and constitute a sublease.
Appears in 1 contract
Samples: Facilities Lease
Lease of Project and Project Site. 3.1 Developer hereby leases the Project and the Project Site to the District, and the District hereby leases said Project and Project Site from Developer upon the terms and conditions set forth in this Facilities Lease.
3.2 The leasing by Developer to the District of the Project Site shall not affect or result in a merger of the District’s leasehold estate pursuant to this Facilities Lease and its fee estate as lessor under the Site Lease. Developer shall continue to haveFacilities
3.3 As to the Project Site, this Facilities Lease shall be deemed and constitute a sublease.
Appears in 1 contract
Samples: Facilities Lease