Common use of SUBLEASE PAYMENTS Clause in Contracts

SUBLEASE PAYMENTS. A. District shall pay Lessor sublease payments (the “Sublease Payments”) for the improvements, use and occupancy of the Project and Site. The obligation of the District to pay Sublease Payments hereunder shall constitute a current expense of the District and shall not in any way be construed to be a debt of the District in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the District, nor shall anything contained herein constitute a pledge of the general tax revenues, funds or moneys of the District. The Sublease Payments, which the parties acknowledge and agree, are good and sufficient consideration for the improvements and the District’s use and occupancy of the Project and the Site.

SUBLEASE PAYMENTS. A. District shall pay Lessor sublease payments (the “Sublease Payments”) for the improvements, use and occupancy of the Project various Projects and SiteSites. The obligation of the District to pay Sublease Payments hereunder shall constitute a current expense of the District and shall not in any way be construed to be a debt of the District in contravention of any applicable constitutional or statutory limitations or requirements concerning the creation of indebtedness by the District, nor shall anything contained herein constitute a pledge of the general tax revenues, funds or moneys of the District. The Sublease Payments, which the parties acknowledge and agree, are good and sufficient consideration for the improvements and the District’s use and occupancy of the Project and the Site.