Common use of Lease Continuation Clause in Contracts

Lease Continuation. It is intended by the School Board and the Corporation that this Amendment to Schedule No. 2007C be an amendment to and a continuation of the Series 2007C Lease, and not a novation, upon the terms and conditions stated herein and in the Series 2007C Lease, and that the priority of the lien of the Series 2007C Lease shall not be affected by the modification of the Series 2007C Lease evidenced by this Amendment to Schedule No. 2007C.

Appears in 2 contracts

Sources: Master Educational Facilities Lease Purchase Agreement, Master Educational Facilities Lease Purchase Agreement