Financed Portion of Lease Payments. The District does not at this time believe it will need the Developer to finance a portion of the Lease Payments. The District and the Developer have agreed that the District may request at a future time that the Developer agree to convert a portion of the Tenant Improvement Payments into Lease Payments and revise the Lease Payment schedule. If the District makes this request, the District and the Developer agree to negotiate in good faith regarding whether Developer can provide that financing, the amount of that financing, and the terms of that financing, which, if agreed to, shall be memorialized in a written amendment to the Facilities Lease and approved by the Parties.
Appears in 5 contracts
Samples: Facilities Lease, Master Facilities Lease, Master Facilities Lease
