Common use of Installment Election Clause in Contracts

Installment Election. In the case of any Impositions -------------------- which may be evidenced by improvement or other bonds or which may be paid in annual or other periodic installments, Lessor shall elect to cause such bonds to be issued or cause such assessment to be paid in installments over the maximum period permitted by law.

Installment Election. In the case of any Impositions -------------------- which may -------------------- be evidenced by improvement or other bonds or which may be paid in annual or other periodic installments, Lessor shall elect to cause such bonds to be issued or cause such assessment to be paid in installments over the maximum period permitted by law.