Examples of Public Lease in a sentence
The last semi-annual rental payment due before the expiration of this Public Lease shall be adjusted to provide for rental at the yearly rate so specified from the date such installment is due to the date of the expiration of this Public Lease.
Beginning in the calendar year following the first March 1 after Substantial Completion of the Project and continuing through each calendar year of the Public Lease Term (prorated for the last calendar year of the Public Lease Term), Developer agrees to make payments of Real Estate Taxes on the Project and the Project Site in the amounts not less than those set forth on Exhibit F hereto.
All proceedings arising in connection with this Public Lease shall be tried and litigated only in the state courts in Hamilton County, Indiana, or the federal courts with venue that includes Hamilton County, Indiana.
The exercise by the Lessor of the above right to terminate this Public Lease shall not release the Lessee from the performance of any obligation hereof maturing prior to the Lessor’s actual entry into possession.
No waiver by the Lessor of any right to terminate this Public Lease upon any default shall operate to waive such right upon the same or other default subsequently occurring.
All rentals payable under the terms of this Public Lease shall be paid to the Trustee under the 2024D Indenture securing the 2024D Bonds.
During the full term of this Public Lease, the Lessee shall, at its own expense, carry combined bodily injury insurance, including accidental death, and property damage insurance with reference to the Public Leased Premises in an amount not less than One Million Dollars ($1,000,000) on account of each occurrence with one or more good and responsible insurance companies.
The Lessee shall not assign this Public Lease or mortgage, pledge or sublet the Public Leased Premises herein described without the written consent of the Lessor.
No agreement shall be effective to modify this Public Lease, in whole or in part, unless such agreement is in writing, and is signed by the party against whom enforcement of said change or modification is sought.
The Lessor hereby grants to the Lessee the right and option to renew this Public Lease for a further like or lesser term upon the same or like conditions as herein contained, and applicable to the portion of the premises for which the renewal applies, and the Lessee shall exercise this option by written notice to the Lessor given upon any rental payment date prior to the expiration of this Public Lease.