Basic Agreement Terms Sample Clauses
The "Basic Agreement Terms" clause sets out the fundamental provisions that form the foundation of the contract between the parties. It typically includes essential details such as the names of the parties, the effective date, the scope of the agreement, and the duration or term. For example, it may specify who is entering into the agreement, what services or goods are being exchanged, and the period during which the agreement is valid. This clause ensures that both parties have a clear understanding of the key elements of their relationship, reducing the risk of misunderstandings and providing a reference point for interpreting the rest of the contract.
Basic Agreement Terms. The Basic Agreement Terms attached hereto are hereby incorporated herein for all purposes as if fully set forth herein. This Agreement and the instruments referred to herein embody the entire agreement and understanding among the parties relating to the subject matter hereof. This Agreement may not be amended except by an instrument, in writing, executed by the party against whom enforcement of such amendment is sought.
Basic Agreement Terms. 1.01 The District and the City agree that the District acquiring fee title to the property at the closing of the above-referenced transaction with ▇. ▇. ▇▇▇▇, et al, shall be a condition precedent to the agreement of the parties and the enforcement of the parties’ obligations as set forth herein; and
1.02 The District and the City agree that neither sufficient access nor sufficient utilities are currently available at the site of the New School;
1.03 The District and the City have found it will increase the efficiency and effectiveness of their respective entities as required by Section 791.001, et seq. of the Texas Government Code, the Texas Interlocal Cooperation Act (“the Act”), and will be in their best interests and the interest of the public to cooperate in creating the Project; and
1.04 To endeavor to ensure that such services and access will be available at the time of the scheduled opening of the New School in the Fall of [insert year]; the District wishes to convey to the City necessary utility easements for the construction and installation of public utilities over, under, and across the District property as reasonably necessary for provision of public utilities to the New School;
1.05 The City is agreeable to the following:
a. The City agrees to provide a fully installed and operational eight-inch (8”) or larger publicly maintained water line to the boundary of the property;
b. The City agrees to provide a fully installed and operational [insert desired inch width] or larger publicly maintained sanitary sewer line to the boundary of the Property;
c. The City agrees to provide a fully installed and operational electrical utility line to the boundary of the Property;
d. The City agrees to use all reasonable efforts to secure, at its sole cost and expense, all easements or other real property interests required for a public right-of-way to be designed, constructed, and maintained by the City to provide public access to the New School. The design of such public right-of-way must be approved by the City in advance to ensure the public right-of-way is acceptable to the District to adequately accommodate District needs to service the New School;
e. The City is agreeable to provide City utilities to the District at a discounted rate [insert discount, how to be calculated, and duration of applicable discount]; and
f. The City agrees to the extension of the present municipal boundaries (i.e., City limits) so as to include in, and annex as a part of the C...
Basic Agreement Terms