Examples of Base Lease in a sentence
Nothing in this Section is intended to imply that the Issuer must take any action or execute any instrument unless specifically required to do so by this Base Lease.
Subsequent to the issuance of the Series 2024 Bonds and prior to their payment in full, this Base Lease may not be amended, changed, modified, altered or terminated without the prior written consent of the parties hereto and the Trustee.
In the event any provision of this Base Lease shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof.
In the event the Company shall cause all of the Series 2024 Bonds to be paid in the manner set forth in Article XIII of the Indenture, or the Lease is terminated for any reason, the Company shall be entitled to terminate this Base Lease provided the Company has also complied with all requirements of Sections 17.1 and 17.2 of the Lease.
Upon such termination, the Issuer shall deliver to the Company any instruments which may be reasonably required by the Company to evidence such termination and the relinquishment of all of the Issuer’s rights and interest in the Project and in this Base Lease.