Examples of Supplemental Ground Lease in a sentence
The Treasurer and Board President are hereby authorized and directed to execute and deliver, on behalf of the School District, the First Supplemental Ground Lease, the First Supplemental Lease, and such additional instruments, documents, agreements, certificates, and other papers as may be in their discretion necessary or appropriate in order to carry out the intent of this Resolution.
The Board agrees to execute and perform the First Supplemental Ground Lease and the First Supplemental Lease in accordance with the terms thereof.
All terms, covenants and conditions contained in this Ground Lease shall include all parts of the Facilities, whether leased pursuant to the original Ground Lease or pursuant to any Supplemental Ground Lease thereto.
Nothing in the First Supplemental Ground Lease, the First Supplemental Lease, the Supplemental Indenture, the Series 2019 Certificates, or any agreements or documents relating thereto shall constitute or be construed or deemed to constitute a debt or bonded indebtedness or a general obligation of the School District or any agency of the School District.
Neither the taxing power nor the full faith and credit of the School District are pledged or shall be pledged for the payment or security of the First Supplemental Ground Lease, the First Supplemental Lease, the Supplemental Indenture, the Series 2019 Certificates, or any other related agreement or document.
A Supplemental Ground Lease shall be delivered for any series of Refund- ing Certificates with a final matu- rity later than the final maturity of the then Outstanding Certificates.
Lessor and Lessee have entered into a First Supplemental Ground Lease Agreement dated as of , 2020 (the “Ground Lease”), whereby Lessor did lease to Lessee, and Lessee did lease from Lessor, the real property more particularly described on Exhibit A attached hereto and incorporated herein (the “Land”).
The Second Supplemental Ground Lease Agreement between the Board and the Corporation (the “ Second Supplemental Ground Lease”) and the Third Supplemental Agreement Lease with Option to Purchase between the Corporation and the Board (the “Third Supplemental Facilities Lease”), in substantially the forms attached hereto as Exhibit A and Exhibit B, respectively, subject to such changes as may be approved by bond counsel and counsel to the Board, are hereby approved.
The Corporation shall fail to pay any sum required to be paid to the Board under the terms and provisions of this First Supplemental Ground Lease and such failure shall not be cured within thirty (30) days after the Corporation’s receipt of written notice from the Board of such failure.
The Corporation, by execution of this First Supplemental Ground Lease, accepts the leasehold estate herein demised subject only to the matters described on Exhibit B attached hereto.