Term of Facilities Lease. The terms of this Facilities Lease relating to preconstruction services shall be effective upon its execution. With respect to its other terms, the Term of this Facilities Lease shall commence with the District issuing a Notice to Proceed, and shall remain in effect through the period during which District's obligation to make the Lease Payments under this Facilities Lease is in effect, as provided for in Article 4.5 of this Facilities Lease, unless terminated earlier pursuant to Article 4 of this Facilities Lease.
Term of Facilities Lease. The term of this Facilities Lease shall commence as of the effective date stated above, and shall continue until the Expiration Date.
Term of Facilities Lease. The Term of this Facilities Lease shall be 26 months, consisting of the total of the time to construct the Project and to perform a post-construction period of 12 consecutive months, subject to the right of the District to terminate earlier in accordance with this Facilities Lease. If the time to complete construction of the Project is extended or delayed, then the Term shall be extended in a corresponding amount to allow for the full 12-month post-construction period; the monthly lease payments for the post-construction period shall not change if the Term is extended, except that, if the delay or extension is the result of a District-caused action or delay during construction, then the parties shall meet and confer in good faith regarding any additional financing costs. The term shall commence on July 1, 2017 (the “Commencement Date”). The District shall have obtained the DSA approval of the plans on or before the execution of this Facilities Lease.
Term of Facilities Lease. The Term of this Facilities Lease shall commence with the District issuing a Notice to Proceed for a particular Site, and shall remain in effect through the period during which District's obligation to make the Lease Payments under this Facilities Lease is in effect, as provided for in Article 4.5 of this Facilities Lease, unless terminated earlier pursuant to Article 4 of this Facilities Lease.
Term of Facilities Lease. The Term of this Facilities Lease shall be Eight (8) months, consisting of the total of the time a) to perform Phase I, Preconstruction Services, estimated to require months, b) five (5) consecutive months to construct the Project, and c) to perform a post-construction period of three (3) consecutive months, subject to the right of the District not to implement Phase II or to terminate earlier in accordance with this Facilities Lease. If the time to complete Preconstruction Services is extended or delayed, then the Term shall be extended a corresponding amount. If the time to complete construction of the Project is extended or delayed, then the Term shall be extended in a corresponding amount to allow for the full 3-month post- construction period; the monthly lease payments for the post-construction period shall not change if the Term is extended, except that, if the delay or extension is the result of a District-caused action or delay during construction, then the parties shall meet and confer in good faith regarding any additional financing costs. The term shall commence on April 18, 2017 (the “Commencement Date”).
Term of Facilities Lease. The term of this Facilities Lease shall commence as of the Execution Date (the “Commencement Date”). This Facilities Lease shall terminate on February 1, 2066 (“Lease Term”).
Term of Facilities Lease. The Term of this Facilities Lease shall be Twenty-Eight (28) months, consisting of the total of the time to achieve Substantial Completion of each portion of construction and a post-construction period commencing at Substantial Completion of each portion and ending Twelve (12)_consecutive months after Substantial Completion of Portion 2, subject to the right of the District to terminate earlier in accordance with this Facilities Lease. If the time to complete construction of the Project is extended or delayed, the post-construction period of the Lease Term shall be extended in a corresponding amount, with a corresponding extension of the applicable monthly lease payments at no added financing costs chargeable to the District, except that, if the delay or extension is the result of a District-caused action or delay, the parties shall meet and confer in good faith regarding any additional financing costs. The term shall commence on August 29, 2016 (the “Commencement Date”). The District shall have obtained the DSA approval of the plans on or before the execution of this Facilities Lease.
Term of Facilities Lease. The Term of this Facilities Lease, for the purposes of District’s obligation to make Lease Payments, shall commence when District issues a Notice to Proceed for the Project, and shall terminate twelve months after the Project’s Notice of Completion is filed by District (“Term”).
