Examples of City Lease in a sentence
Pursuant to the City Lease, CRDA and the City have agreed that they will revisit the types and amounts of insurance coverage required under the City Lease after the fifth Lease Year (as defined therein) and adjust such amounts or add additional insurance coverages if necessary in order to be consistent with the types of insurance and levels of coverage then maintained for comparable facilities.
If the Operational Start Date occurs such that the length of the Operating Term is shorter than twenty (20) years, upon the written request of Manager, CRDA will use commercially reasonable efforts to extend the term of the City Lease for a period of time equal to the balance of time that would bring the Operating Term to a full twenty (20) years.
Accordingly, both Parties agree and acknowledge that this Section 14.05, as supplemented by Schedule 1, shall become effective upon the Effective Date of the City Lease as such term is defined therein.
Without limiting the foregoing, CRDA specifically agrees to fully comply with all terms in the City Lease and the Declaration so as to allow Manager to enjoy the rights and perform the obligations of Manager under this Agreement.
Pursuant to the City Lease, the operation of the Civic Center is subject to City public health, police, fire and emergency medical technician requirements.