Common use of Term; Occupancy Clause in Contracts

Term; Occupancy. (a) The term of this Lease Agreement shall commence on the Delivery Date and shall end on the Scheduled Termination Date, unless such term is extended or sooner terminated as hereinafter provided. If on the Scheduled Termination Date the Certificates shall not be fully paid, or provision therefor made in accordance with Article X of the Trust Agreement, or the Trust Agreement shall not be discharged by its terms, or if the Rental Payments shall remain due and payable or shall have been abated at any time and for any reason, then the term of this Lease Agreement shall be automatically extended until the date upon which all Certificates shall be fully paid, or provision therefor made in accordance with Article X of the Trust Agreement, and the Trust Agreement shall be discharged by its terms and all Rental Payments shall have been paid in full, except that the term of this Lease Agreement shall in no event be extended more than ten years beyond the Scheduled Termination Date. If prior to the Scheduled Termination Date, or prior to the date to which the term of this Lease Agreement has been extended pursuant to this Section, all Certificates shall be fully paid, or provision therefor made in accordance with Article X of the Trust Agreement, the Trust Agreement shall be discharged by its terms and all Rental Payments shall have been paid in full, the term of this Lease Agreement shall end simultaneously therewith. (b) The District shall take possession of the Property on the Delivery Date.

Term; Occupancy. (a) The term of this Lease Agreement shall commence on the Delivery Date and shall end on the Scheduled Termination DateNovember 1, 2035, unless such term is extended or sooner terminated as hereinafter provided. If on November 1, 2035 the Scheduled Termination Date the Certificates Bonds shall not be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, or the Trust Agreement Indenture shall not be discharged by its terms, or if the Rental Payments shall remain due and payable or shall have been abated at any time and for any reason, or amounts are owed to the Insurer pursuant to the terms of the Insurance Policy, the Reserve Surety Policy, this Lease Agreement or the Indenture, then the term of this Lease Agreement shall be automatically extended until the date upon which (i) all Certificates Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, and or (ii) the Trust Agreement Indenture shall be discharged by its terms and all Rental Payments shall have been paid in full. Notwithstanding the foregoing, except that the term of this Lease Agreement shall in no event be extended more than ten years beyond the Scheduled Termination DateNovember 1, 2045. If prior to the Scheduled Termination DateNovember 1, or prior to the date to which the term of this Lease Agreement has been extended pursuant to this Section2035, all Certificates Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, the Trust Agreement Indenture shall be discharged by its terms and all Rental Payments shall have been paid in full, the term of this Lease Agreement shall end simultaneously therewith. (b) The District shall take possession of the Property on the Delivery Date.

Term; Occupancy. (a) The term of this Lease Agreement shall commence on the Delivery Date and shall end on the Scheduled Termination Date, unless such term is extended or sooner terminated as hereinafter provided. If on the Scheduled Termination Date the Certificates Bonds shall not be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, or the Trust Agreement Indenture shall not be discharged by its terms, or if the Rental Payments shall remain due and payable or shall have been abated at any time and for any reason, then the term of this Lease Agreement shall be automatically extended until the date upon which all Certificates Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, and the Trust Agreement Indenture shall be discharged by its terms and all Rental Payments shall have been paid in full, except that the term of this Lease Agreement shall in no event be extended more than ten years beyond the Scheduled such Termination Date. , such extended date being the “Maximum Lease Term.” If prior to the Scheduled Termination Date, or prior to the date to which the term of this Lease Agreement has been extended pursuant to this Section, all Certificates Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, the Trust Agreement Indenture shall be discharged by its terms and all Rental Payments shall have been paid in full, the term of this Lease Agreement shall end simultaneously therewith. (b) The District City shall take possession of the Property on the Delivery Datedate that the Project is substantially complete.

Term; Occupancy. (a) The term of this Lease Agreement shall commence on the Delivery Date and shall end on 1, 20 (the “Scheduled Termination Date”), unless such term is extended or sooner terminated as hereinafter provided. If on the Scheduled Termination Date Date, the Certificates Bonds shall not be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, or the Trust Agreement Indenture shall not be discharged by its terms, or if the Rental Payments shall remain due and payable or shall have been abated at any time and for any reasonpayable, then the term of this Lease Agreement shall be automatically extended until the date upon which (i) all Certificates Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, and or (ii) the Trust Agreement Indenture shall be discharged by its terms and all Rental Payments shall have been paid in full. Notwithstanding the foregoing, except that the term of this Lease Agreement shall in no event be extended more than beyond ten years beyond after the Scheduled Termination Date. If prior to the Scheduled Termination Date, or prior to the date to which the term of this Lease Agreement has been extended pursuant to this Section, all Certificates Bonds shall be fully paid, or provision therefor made in accordance with Article X of the Trust AgreementIndenture, the Trust Agreement Indenture shall be discharged by its terms and all Rental Payments shall have been paid in full, the term of this Lease Agreement shall end simultaneously therewith. (b) The District shall take possession of the Property on the Delivery Date.