Common use of Termination of Term Clause in Contracts

Termination of Term. Notwithstanding Section 4.2, the Term of this Facilities Lease shall terminate upon the earliest of any of the following events: 4.3.1 An Event of Default by District and the Entity’s election to terminate this Facilities Lease pursuant to Section 9.2 hereof; or 4.3.2 An event of Default by the Entity and the District’s election to terminate this Facilities Lease pursuant to Section 9.4 hereof; or 4.3.3 The District’s election to terminate this Facilities Lease pursuant to Section 6.2 or Section 9.6 hereof; or 4.3.4 The arrival of the last day of the Term of this Facilities Lease and payment of all Lease Payments hereunder; provided, however, that if on the scheduled date for expiration of this Facilities Lease the Lease Payments shall not have been fully paid by District, then the Term of this Facilities Lease and Site Lease shall be extended until the date upon which all such Lease Payments shall be fully paid, notwithstanding anything to the contrary in this Facilities Lease and the Site Lease. 4.4 Lease Payments.

Appears in 2 contracts

Samples: Facilities Lease Agreement, Facilities Lease Agreement

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Termination of Term. Notwithstanding Section 4.2, the Term of this Facilities Lease shall terminate upon the earliest of any of the following events: 4.3.1 An Event of Default by District and the Entity’s election to terminate this Facilities Lease pursuant to Section 9.2 hereof; or 4.3.2 An event of Default by the Entity and the District’s election to terminate this Facilities Lease pursuant to Section 9.4 hereof; or 4.3.3 The District’s election to terminate this Facilities Lease pursuant to Section 6.2 or Section 9.6 hereof; or 4.3.4 The District’s election not to proceed with Phase II of this Facilities Lease; or 4.3.5 The arrival of the last day of the Term of this Facilities Lease and payment of all Lease Payments hereunder; provided, however, that if on the scheduled date for expiration of this Facilities Lease the Lease Payments shall not have been fully paid by District, then the Term of this Facilities Lease and Site Lease shall be extended until the date upon which all such Lease Payments shall be fully paid, notwithstanding anything to the contrary in this Facilities Lease and the Site Lease. 4.4 Lease Payments.

Appears in 2 contracts

Samples: Facilities Lease Agreement, Facilities Lease Agreement

Termination of Term. Notwithstanding Section 4.2, the Term of this Facilities Lease shall terminate upon the earliest of any of the following events: 4.3.1 An Event of Default by District and the Entity’s election to terminate this Facilities Lease pursuant to Section 9.2 hereof; or 4.3.2 An event of Default by the Entity and the District’s election to terminate this Facilities Lease pursuant to Section 9.4 hereof; , or 4.3.3 The District’s election to terminate this Facilities Lease pursuant to Section 6.2 or Section 9.6 hereof; , or 4.3.4 The arrival of the last day of the Term of this Facilities Lease and payment of all Lease Payments hereunder; provided, however, that if on the scheduled date for expiration of this Facilities Lease the Lease Payments shall not have been fully paid by District, then the Term of this Facilities Lease and Site Lease shall be extended until the date upon which all such Lease Payments shall be fully paid, notwithstanding anything to the contrary in this Facilities Lease and the Site Lease. 4.4 Lease Payments.

Appears in 1 contract

Samples: Facilities Lease Agreement

Termination of Term. Notwithstanding Section 4.2, the Term of this Facilities Lease shall terminate upon the earliest of any of the following events: 4.3.1 An Event of Default by District and the Entity’s election to terminate this Facilities Lease pursuant to Section 9.2 hereof; or 4.3.2 An event of Default by the Entity and the District’s election to terminate this Facilities Lease pursuant to Section 9.4 hereof; or 4.3.3 The District’s election to terminate this Facilities Lease pursuant to Section 6.2 or Section 9.6 hereof; or 4.3.4 The arrival of the last day of the Term of this Facilities Lease and payment of all Lease Payments hereunder; provided, however, that if on the scheduled date for expiration of this Facilities Lease the Lease Payments shall not have been fully paid by District, then the Term of this Facilities Lease and Site Lease shall be extended until the date upon which all such Lease Payments shall be fully paid, notwithstanding anything to the contrary in this Facilities Lease and the Site Lease. 4.4 Lease Payments.

Appears in 1 contract

Samples: Facilities Lease Agreement

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Termination of Term. Notwithstanding Section 4.2, the Term of this Facilities Lease shall terminate upon the earliest of any of the following events: 4.3.1 An Event of Default by District and the Entity’s election to terminate this Facilities Lease pursuant to Section 9.2 hereof; or 4.3.2 An event of Default by the Entity and the District’s election to terminate this Facilities Lease pursuant to Section 9.4 hereof; or 4.3.3 The District’s election to terminate this Facilities Lease pursuant to Section 6.2 or Section 9.6 hereof; or 4.3.4 The District’s election not to proceed with construction services; or 4.3.5 The arrival of the last day of the Term of this Facilities Lease and payment of all Lease Payments hereunder; provided, however, that if on the scheduled date for expiration of this Facilities Lease the Lease Payments shall not have been fully paid by District, then the Term of this Facilities Lease and Site Lease shall be extended until the date upon which all such Lease Payments shall be fully paid, notwithstanding anything to the contrary in this Facilities Lease and the Site Lease. 4.4 Notwithstanding the foregoing, the District’s withhold of any portion of a Lease PaymentsPayment as required by law or permitted in this Facilities Lease shall not prevent the expiration of the Term of this Facilities Lease.

Appears in 1 contract

Samples: Facilities Lease Agreement

Termination of Term. Notwithstanding Section 4.24.2 hereof, the Term of this Facilities Lease shall terminate upon the earliest of any of the following events: 4.3.1 An Event of Default by District and the EntityContractor’s election to terminate this Facilities Lease pursuant to Section 9.2 hereof8.2 of this Facilities Lease; or 4.3.2 An event of Default by the Entity and the District’s election to terminate this Facilities Lease pursuant to Section 9.4 hereof; or 4.3.3 The District’s election to terminate this Facilities Lease pursuant to Section 6.2 or Section 9.6 hereof; or 4.3.4 The arrival of the last day of the Term of this Facilities Lease and payment of all Lease Payments and Tenant Improvement Payments hereunder; provided, however, that if on the scheduled date for expiration of this Facilities Lease Lease, the Lease Payments shall not have been fully paid by District, then the Term of this Facilities Lease and Site Lease shall be extended until the date upon which all such Lease Payments shall be fully paid, notwithstanding anything to the contrary in this Facilities Lease and the Site Lease. 4.4 , and all terms and conditions of the Site Lease Paymentsand Facilities Lease shall continue in full force and effect. 4.3.3 Exercise of District’s Purchase Option pursuant to Section 9.1 of this Facilities Lease.

Appears in 1 contract

Samples: Facilities Lease

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