Common use of Lease of the Project Sites Clause in Contracts

Lease of the Project Sites. The District hereby leases to the Developer, and the Developer hereby leases from the District the Project Sites, subject only to Permitted Encumbrances, in accordance with the provisions of this Master Site Lease, to have and to hold for the term of this Master Site Lease. This Master Site Lease shall only take effect if the Master Facilities Lease is executed by the District and Developer within three (3) days of execution of this Master Site Lease.

Lease of the Project Sites. The District hereby leases to the DeveloperContractor, and the Developer Contractor hereby leases from the District District, the Project SitesSite, subject only to Permitted Encumbrances, in accordance with the provisions of this Master Site Lease, to have and to hold for the term of this Master Site Lease. This In particular, the Master Site Lease shall only take effect if the Master Facilities Lease is executed by the District and Developer Contractor within three (3) days of execution of this Master Site Lease.