Facilities Lease definition

Facilities Lease means this Facilities Lease together with any duly authorized and executed amendment hereto.

Facilities Lease means the Lease-Purchase Agreement between the Lessor, as lessor, and the Board, as lessee, conveying a leasehold interest in the Leased Property, and under which the Board shall lease the Leased Property for an initial term and renewal terms that are subject to renewal upon appropriations being made by the Board of funds sufficient to pay the Lease Payments due during each such term.

Facilities Lease means that certain lease, entitled “Facilities Lease”, by and between the County and the Authority, dated as of July 1, 2015, which lease or a memorandum thereof was recorded in the office of the County Recorder of the County of Contra Costa on , 2015 as document No. , as originally executed and recorded or as it may from time to time be supplemented, modified or amended pursuant to the provisions hereof and thereof.

Examples of Facilities Lease in a sentence

• As additional consideration for this Facilities Lease, the Lessor shall pay, or cause to be paid to the Trustee with instructions that such amounts should be credited to the Debt Service Fund (as such term is defined in the Indenture) all Liquidated Damages paid by or received on behalf of the Developer pursuant to Section IV G of the Development Agreement, and the Lessee shall receive a credit against its obligations to make Rental Payments equal to the sum of all such Liquidated Damages.

• During the Term of this Facilities Lease, the Lessee shall pay from lawfully Available Funds, directly to vendors and suppliers, all deposits, charges, fees and costs incurred for all utility equipment and services in connection with the use and occupancy of the Project by the Lessee including, but not limited to, water, sewer, refuse removal, electricity, gas, telephone and cable television.

• All policies of insurance to be obtained in connection with this Facilities Lease shall be written by companies qualified and licensed to write insurance in the State and have A.M. Best ratings of at least A.-VIII.

• The Lessee shall pay all Rental Payments, Administrative Fees and all other amounts required to be paid to the Lessor pursuant to this Facilities Lease to or at the direction of Trustee or in accordance with this Facilities Lease.

• No holdover tenancy shall be permitted and the Lessee will, upon the termination of this Facilities Lease or the Lessee’s right to possession of the Project, become a tenant at sufferance and during such tenancy the Lessee shall be required to make rental payments equal to the Rental Payments.

More Definitions of Facilities Lease

Facilities Lease means this Facilities Lease, as originally executed and recorded or as it may from time to time be supplemented, modified or amended pursuant to the provisions hereof and of the Trust Agreement.

Facilities Lease means this Facilities Lease and all attached exhibits together with any duly authorized and executed amendment hereto.

Facilities Lease means (i) the Facilities Sublease Agreement made, entered into and effective as of the date hereof between the Sub-Lessee and the Charter School Operator as the same may be amended and/or supplemented from time to time and (ii) any sublease, sub-sublease or similar agreement between the Sub-Lessee and any successor or sub-subleasee engaged by the Sub-Lessee as contemplated pursuant to the provisions of this Ground Lease to operate the John McDonogh School Facility for School Purposes.

Facilities Lease means the Original Facilities Lease, as amended by that certain Amendment to Facilities Lease, as supplemented and amended by the First Supplemental Facilities Lease, as further supplemented and amended by the Second Supplemental Facilities Lease, as further supplemented and amended by this Third Supplemental Facilities Lease, and as the same may be further amended or supplemented from time to time in accordance with its terms.

Facilities Lease means the Lease-Purchase Agreement between the Lessor, as lessor, and the Board, as lessee, conveying a leasehold interest in the Leased Property, and under which the Board shall lease the Leased Property for an initial term and renewal terms that are subject to renewal upon appropriations being made by this Board of funds sufficient to pay the Base Rent due during each such term, as the same may be amended or supplemented from time to time in accordance with its terms.

Facilities Lease is defined in the introductory paragraph of this Facilities Lease.

Facilities Lease means that certain lease, entitled “Master Facilities Lease”, by and between the City and the Authority, dated as of [DATED DATE], as originally executed and recorded or as it may from time to time be supplemented, modified or amended pursuant to the provisions hereof and thereof. Facilities Sublease