Common use of Termination of Term Clause in Contracts

Termination of Term. Notwithstanding Article 4.2 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 Contractor’s election to terminate this Facilities Lease pursuant to Article 8.2 of this Facilities Lease; or 4.3.2 Termination of this Facilities Lease for convenience pursuant to section 18 of the General Conditions. 4.3.3 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, 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, and all terms and conditions of the Site Lease and Facilities Lease shall continue in full force and effect. 4.3.4 Payment of all amounts owed as discussed on Exhibit D, or exercise of District's Purchase Option pursuant to Article 9.1 of this Facilities Lease.

Appears in 6 contracts

Samples: Facilities Lease, Facilities Lease, Facilities Lease

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Termination of Term. Notwithstanding Article 4.2 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 Contractor’s election to terminate this Facilities Lease $Q (YHQW RI 'HIDXOW E\ 'LVWULFW DFQacGilit ies&LReaQseWUDFWRU¶ pursuant to Article 8.2 of this Facilities Lease; or 4.3.2 Termination of this Facilities Lease for convenience pursuant to section 18 of the General Conditions. 4.3.3 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, 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, and all terms and conditions of the Site Lease and Facilities Lease shall continue in full force and effect. 4.3.4 Payment of all amounts owed as discussed on Exhibit D, or exercise of District's Purchase Option pursuant to Article 9.1 of this Facilities Lease.

Appears in 1 contract

Samples: Facilities Lease

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