Examples of District Sublease in a sentence
The District and the Developer have entered into the District Sublease, pursuant to which the District will construct the Visitors Center, among other things.
The Parties acknowledge that the District Sublease requires, among other things, that upon substantial completion of the construction of the Visitor’s Center, the District is obligated to transfer the Visitor’s Center to the Lessor and that upon such transfer the District Sublease will terminate.
The District agrees to construct the Visitor’s Center in accordance with the requirements of the Resolution and the District Sublease.
This MOU shall terminate upon the earliest to occur of the following: (i) the mutual written agreement of the Parties; or (ii) the termination of the Foundation Lease and/or the District Sublease.
The Foundation will sublease the Project to the District at a rent equal to $180,000 a year pursuant to the District Sublease.