Common use of School Debt Clause in Contracts

School Debt. 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.

School Debt. 299 If this Charter is not renewed or is terminated, the School shall be responsible for all the 300 debts of the School. The District shall not assume the debt from any contract for 301 services including lease or rental agreements, made between the School and a third 302 party, except for a debt previously detailed and agreed upon, in writing, by both the 303 Sponsor and the Governing Board and that may not reasonably be assumed to have 304 been satisfied by the Sponsor.

School Debt. ‌ 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.