Lease Shall Not Constitute Debt Sample Clauses

Lease Shall Not Constitute Debt. It is the intent of the parties hereunder that this Lease shall not constitute debt or a pledge of the faith and credit of the Commonwealth of Virginia or any political subdivision thereof, including the parties hereunder. NEITHER THE COMMONWEALTH OF VIRGINIA NOR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING THE PARTIES UNDER THIS LEASE, SHALL BE OBLIGATED TO PAY RENT HEREUNDER OR OTHER COSTS OR CHARGES EXCEPT AS MONIES MAY BE LAWFULLY AVAILABLE AND APPROPRIATED THEREFOR FROM TIME TO TIME BY THE RESPECTIVE GOVERNING BODIES OF THE PARTIES IN EACH THEN CURRENT FISCAL YEAR DURING THE TERM HEREUNDER, AND NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE COMMONWEALTH OF VIRGINIA OR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING THE PARTIES UNDER THIS LEASE, SHALL BE PLEDGED TO THE PAYMENT OF RENT OR OTHER COSTS OR CHARGES UNDER THIS LEASE. SHENANDOAH VALLEY JUVENILE DETENTION CENTER COMMISSION By: Xxxxxxx X. Xxxxxxxxx Title: Executive Director Shenandoah Valley Juvenile Detention Center Address: 000 Xxxxxxxxxx Xxxxx Staunton, Virginia 00000-0000 Phone No.: (000) 000-0000 Fax No.: (000) 000-0000 Email: XXxxxxxxxx@xxxx.xxx COMMONWEALTH OF VIRGINIA CITY/COUNTY OF The foregoing instrument was acknowledged before me this day of , 2022, by Xxxxxxx Xxxxxxxxx, Executive Director of the Shenandoah Valley Juvenile Detention Center. My Notary Registration No.: My Commission Expires: Notary [Additional Signature Page Follows] CITY OF WAYNESBORO, VIRGINIA By: Name: Xxxxxxx X. Xxxx, XX Title: City Manager Address: Xxxxxxx X. Xxxxxx Municipal Building 000 X. Xxxx Xxxxxx Xxxxx 000 Waynesboro, Virginia 22980 Phone No.: 000-000-0000 Fax No.: 000-000-0000 COMMONWEALTH OF VIRGINIA CITY/COUNTY OF The foregoing instrument was acknowledged before me this day of , 2022, by Xxxxxxx X. Xxxx, XX, City Manager, on behalf of the City of Waynesboro, Virginia.
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Related to Lease Shall Not Constitute Debt

  • Construction The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition, each and every reference to share prices and shares of Common Stock in any Transaction Document shall be subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

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  • Definitions For purposes of this Agreement:

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