Common use of Post Termination Provisions Clause in Contracts

Post Termination Provisions. 1. If this Charter is not renewed or is terminated, the School shall be responsible for all the debts of the School. The District shall not assume the debt from any contract for services including lease or rental agreements, made between the School and a third party, except for a debt previously detailed and agreed upon, in writing, by both the Sponsor and the Governing Board and that may not reasonably be assumed to have been satisfied by the Sponsor.

Post Termination Provisions. 1. If this Charter is not renewed or is terminated, the School shall be responsible for all the debts of the School. The District Sponsor shall not assume the debt from any contract for services including lease or rental agreements, made between the School and a third party, except for a debt previously detailed and agreed upon, in writing, by both the Sponsor and the Governing Board and that may not reasonably be assumed to have been satisfied by the Sponsor.

Post Termination Provisions. 1. If this Charter is not renewed or is terminated, the governing body of the School shall be responsible for all the debts of the School. The District Sponsor shall not assume the debt from any contract for services including lease or rental agreements, made between the governing body of the School and a third party, except for a debt previously detailed and agreed upon, in writing, by both the Sponsor and the Governing Board governing body of the School and that may not reasonably be assumed to have been satisfied by the Sponsor.

Post Termination Provisions. 1. If this Charter is not renewed or is terminated, the School shall be responsible for all the debts of the School. The District shall not assume the debt from any contract for services including lease or rental agreements, made between the School and a third party, except for a debt previously detailed and agreed upon, in writing, by both the Sponsor and the Governing Board and that may not reasonably be assumed to have been satisfied by the Sponsor.. Rule 6A-6.0786 Form IEPC-SCR Effective December 2019

Post Termination Provisions. 1. If this Charter is not renewed or is terminated, the School shall be responsible for all the debts of the School. The District shall not assume the debt from any contract for services including lease or rental agreements, made between the School and a third partypmty, except for a debt previously detailed and agreed upon, in writing, by both the Sponsor and the Governing Board and that may not reasonably be assumed to have been satisfied by the Sponsor.