Common use of SITE RENTAL Clause in Contracts

SITE RENTAL. In consideration for the lease of the Site by the District to Lessee and for other good and valuable consideration, Lessee shall pay to the District one dollar ($1.00) per year, or any portion of a year that this Site Lease is in effect, within thirty (30) days of the end of the Term of this Site Lease. Lessee shall have no obligation to make rental payments hereunder in the event of the District’s inability to issue the necessary Notices to Proceed for the Project pursuant to the provisions of Section 5 of the Construction Services Agreement.

SITE RENTAL. In consideration for the lease of the Site by the District to Lessee and for other good and valuable consideration, Lessee shall pay to the District one dollar ($1.00) per year, or any portion of a year that this Site Lease is in effect, within thirty (30) days of the end of the Term of this Site Lease. Lessee shall have no obligation to make rental payments hereunder in the event of the District’s inability to issue the necessary Notices Notice to Proceed for the Project pursuant to the provisions of Section 5 of the Construction Services Agreement.