Common use of Abatement Clause in Contracts

Abatement. 19.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer have the right to demand, the Lease Payments as indicated in the GMP provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.

Appears in 32 contracts

Samples: Facilities Lease, Facilities Lease, Facilities Lease

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Abatement. 19.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the Lease Payments as indicated in the GMP provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.

Appears in 5 contracts

Samples: Facilities Lease, Facilities Lease, Facilities Lease

Abatement. 19.1 20.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer the Contractor have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Project Cost Provisions indicated in Exhibit C to this Master Facilities Lease. The Term shall cease at that time.

Appears in 3 contracts

Samples: Master Site Lease, Master Site Lease, Master Site Lease

Abatement. 19.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the Lease Payments as indicated in the GMP provisions Guaranteed Maximum Price Provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time. Nothing in this section shall relieve District of its obligations, nor deny Developer its rights, under section 15.2.

Appears in 3 contracts

Samples: Facilities Lease, Facilities Lease, Facilities Lease

Abatement. 19.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the Lease Payments as indicated in the GMP provisions Guaranteed Maximum Price Provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.

Appears in 3 contracts

Samples: Facilities Lease, Facilities Lease, Facilities Lease

Abatement. 19.1 19.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Project Cost Provisions indicated in Exhibit C to this Master Facilities Lease. The Term shall cease at that time.

Appears in 3 contracts

Samples: Master Facilities Lease, Master Facilities Lease, Master Facilities Lease

Abatement. 19.1 20.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer the Contractor have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Maximum Price Provisions indicated in Exhibit C to this Master Facilities Lease. The Term shall cease at that time.

Appears in 2 contracts

Samples: Master Site Lease, Master Site Lease

Abatement. 19.1 19.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Project Cost Provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.

Appears in 2 contracts

Samples: Facilities Lease, Facilities Lease

Abatement. 19.1 19.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the Lease Payments as indicated in the GMP provisions Guaranteed Maximum Price Provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.

Appears in 1 contract

Samples: Facilities Lease

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Abatement. 19.1 20.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer the Contractor have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Project Cost Provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.

Appears in 1 contract

Samples: Site Lease

Abatement. 19.1 20.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit EL, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer the Contractor have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Maximum Price Provisions indicated in Exhibit C to this Master Facilities Lease. The Term shall cease at that time.

Appears in 1 contract

Samples: Master Site Lease

Abatement. 19.1 20.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit EE2, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer the Contractor have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Project Cost Provisions indicated in Exhibit C C2 to this Facilities Lease. The Term shall cease at that time.

Appears in 1 contract

Samples: Site Lease

Abatement. 19.1 If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall the Developer have the right to demand, the Lease Payments as indicated in the GMP provisions indicated in Exhibit C to this Facilities Lease. The Term shall cease at that time.. D R A F T

Appears in 1 contract

Samples: Facilities Lease

Abatement. 19.1 19.1. If, after the Parties have executed the Memorandum of Commencement Date attached hereto as Exhibit E, the Project becomes destroyed or damaged beyond repair, the District may determine its use of the Project abated. Thereafter, the District shall have no obligation to make, nor shall Developer the Contractor have the right to demand, the any future Lease Payments as indicated in the GMP provisions Guaranteed Project Cost Provisions indicated in Exhibit C to this Master Facilities Lease. The Term shall cease at that time.

Appears in 1 contract

Samples: Master Site Lease

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