Common use of Post-Termination Payments Clause in Contracts

Post-Termination Payments. In the event the County fails to deliver possession of the Corporation Facilities or any part thereof at the time required under Section 2.4 hereof, the County shall be liable for the payment of Acquisition Payments, including Additional Payments, for successive six month periods commencing on the Payment Date following the last due date of Base Payments hereunder until the County delivers possession of the Corporation Facilities to the Corporation.

Appears in 4 contracts

Samples: Public Facilities Purchase and Occupancy Agreement, Public Facilities Purchase and Occupancy Agreement, Public Facilities Purchase and Occupancy Agreement

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Post-Termination Payments. In the event the County fails to deliver possession of the Corporation Facilities or any part thereof at the time required under Section 2.4 hereof, the County shall be liable for the payment of Acquisition Payments, including Additional Payments, for successive six month periods commencing on the Bond Payment Date following the last due date of Base Payments hereunder until the County delivers possession of the Corporation Facilities to the Corporation.

Appears in 1 contract

Samples: Public Facilities Purchase and Occupancy Agreement

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