Lease of Facility. The Agency hereby subleases and leases the Facility, consisting of the Land as more particularly described in Exhibit A attached hereto and the Improvements and the Equipment as more particularly described in Exhibit B attached hereto, to the Company and the Company hereby takes the Facility from the Agency upon the terms and conditions of this Lease Agreement.
Lease of Facility. Subject to the terms and conditions hereof and of the Exchange Agreement, from the effective date of the Exchange Lease, Lessor leases to Lessee and Lessee leases from Lessor the Facility for the uses set forth in Section 2.11 below.
Lease of Facility. In consideration of the Rental and other terms of this Lease, the Authority leases the Facility to the State and the Educational Institution and the State and the Educational Institution lease the Facility from the Authority for the term of this Lease.
Lease of Facility. (a) During the term of and subject to the terms and conditions of this Lease, the Lessor hereby leases to the Lessee, and the Lessee hereby leases from the Lessor, the Facility for the Lease Term to be occupied and used for and only for the Permitted Use with respect to the Basic Term. The entire Facility shall become subject to this Lease as of the effective date hereof.
Lease of Facility. The Agency hereby subleases and leases the Facility, consisting of the Land, the Improvements and the Equipment to the Company and the Company hereby takes the Facility from the Agency upon the terms and conditions of this Lease Agreement.
Lease of Facility. (a)During the term of and subject to the terms and conditions of this Lease, the Lessor hereby leases to the Lessee, and the Lessee hereby leases from the Lessor, the Facility for the Lease Term to be occupied and used (i) to cause Completion of the Facility during the portion of the Lease Term consisting of the Construction Term in accordance with the Agency Agreement and (ii) for and only for the Permitted Use with respect to the Basic Term. The entire Facility shall become subject to this Lease as of the effective date hereof; provided that the Lessor will deliver possession of the Facility to Lessee for occupancy and operation in accordance with the Permitted Use in conjunction with and to the extent permitted by certificates of occupancy issued by the applicable Governmental Authority.
Lease of Facility. The Foundation hereby leases the Facility to the Charter School, and the Charter School hereby leases the Facility from the Foundation, upon the terms and conditions set forth in this Agreement, provided that any term or condition herein in contravention of any applicable laws shall be automatically stricken from this Lease. This Agreement, once fully executed, shall supersede any prior written agreement between the Parties for the lease of the Facility.
Lease of Facility. Subject to the terms and conditions hereof, Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the Facility for the uses set forth in Section 2.11 below.
Lease of Facility. 1 Section 3. Payments....................................................3 Section 4. [ RESERVED ]................................................6 Section 5. Credit Agreement; Agency Agreement..........................6 Section 6. Title to Remain in the Lessor...............................7 Section 7. Maintenance of the Facility; Operations.....................7 Section 8. Modifications...............................................9 Section 9. Further Assurances.........................................10 Section 10. Compliance with Governmental Requirements and Insurance Requirements: Related Contracts..................10 Section 11. Condition and Use of Facility; Quiet Enjoyment.............11 Section 12. Liens......................................................13 Section 13. Permitted Contests.........................................14 Section 14. Insurance, etc.............................................14
Lease of Facility. 2 Section 3. Payments..................................... 3 Section 4. Estate in Land............................... 7 Section 5. Credit Agreement; Agency Agreement........... 7 Section 6. Title to Remain in the Lessor................ 8 Section 7. Maintenance of the Facility; Operations...... 8 Section 8. Modifications................................ 9 Section 9.
