Common use of Sublease Prepayments Clause in Contracts

Sublease Prepayments. At any time during the term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, make Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds the aggregate true cost to the Lessor of the work on the Project completed to the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; (3) all amounts previously retained pursuant to Section 26(A)(3), below, from Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3)); and (4) the retention for such Sublease Prepayment pursuant to Section 26(A)(3). Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1), below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B), below, shall be adjusted accordingly.

Appears in 8 contracts

Samples: Sublease Agreement, Construction Services Agreement, Proposed New High School Sublease Agreement

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Sublease Prepayments. At any time during the term of this Master Sublease, the District maymay in its sole discretion, upon the request of the Lessor or on upon its own initiative, make Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds exceeding the aggregate true cost to the Lessor of the work on the Project completed to the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; (3) all amounts previously retained pursuant to Section 26(A)(3Article 21(A)(3), below, from Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3))Lessor; and (4) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)Prepayment. Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1), Article 21(A)(1) below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(BArticle 21(B), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Master Sublease Agreement

Sublease Prepayments. At any time during the term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, make Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds not to exceed the aggregate true cost to the Lessor of the work on the Project completed to the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; (3) all amounts previously retained pursuant to Section 26(A)(3), below, from Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3)); and (4) the retention Retention for such Sublease Prepayment pursuant to Section 26(A)(3). Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1), below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Construction Services Agreement

Sublease Prepayments. At any time during the term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, Owner may make Sublease Prepayments to the LessorContractor of the Sublease Payments including the Financial Sublease Payments (“Sublease Prepayments”). No Sublease Prepayments requested by the Lessor Contractor may be made by the District Owner in an amount which exceeds the aggregate true cost to the Lessor Contractor of the work on the Project completed to the date the Lessor Contractor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District Owner to the LessorContractor; (2) all Sublease Prepayments previously made by the District Owner to the LessorContractor; (3) all amounts previously retained pursuant to Section 26(A)(322(a)(3), below, from Sublease Prepayments previously made by the District Owner to the Lessor Contractor (unless the Lessor Contractor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(322(a)(3)); and (45) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)22(a)(3) hereof. Lessor Contractor must submit evidence that the conditions precedent set forth in Section 26(A)(122(a) (1), below, have been met. In the event District Owner elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B22(b), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Business Services Contracts Office

Sublease Prepayments. At any time during the term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, make the Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds the aggregate true cost to the Lessor of the work on the Project completed to the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; (3) all amounts previously retained pursuant to Section 26(A)(3), below, from Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3)); and (4) the retention for such Sublease Prepayment pursuant to Section 26(A)(3). Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1), below, have been met. In the event the District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Sublease Agreement

Sublease Prepayments. At any time during the term of this Sublease, the District maymay in its sole discretion, upon the request of the Lessor or on upon its own initiative, make Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds exceeding the aggregate true cost to the Lessor of the work on the Project completed to the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; (3) all amounts previously retained pursuant to Section 26(A)(3Article 21(A)(3), below, from Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3))Lessor; and (4) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)Prepayment. Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1), Article 21(A)(1) below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(BArticle 21(B), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Sublease Agreement

Sublease Prepayments. At any time during the term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, may make Sublease Prepayments to the LessorCorporation of the Sublease Payments ("Sublease Prepayments"). No Sublease Prepayments requested by the Lessor Corporation may be made by the District in an amount which exceeds the aggregate true cost to the Lessor Corporation of the work on the Project completed to the date the Lessor Corporation submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the LessorCorporation; (2) all Sublease Prepayments previously made by the District to the LessorCorporation; (3) all amounts previously retained pursuant to Section 26(A)(325(a)(3), below, from Sublease Prepayments previously made by the District to the Lessor Corporation (unless the Lessor Corporation shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(325(a)(3)); and (45) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)25(a)(3) hereof. Lessor Corporation must submit evidence that the conditions precedent set forth in Section 26(A)(125(a) (1), below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B25(b), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Sublease Agreement

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Sublease Prepayments. At any time during the term Term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, may make Sublease Prepayments to the LessorContractor of the Tenant Improvement Payments and/or Sublease Payments ("Sublease Prepayments"). No Sublease Prepayments requested by the Lessor Contractor may be made by the District in an amount which exceeds the aggregate true cost to the Lessor Contractor of the work on the Project completed up to the date the Lessor Contractor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Tenant Improvement Prepayments and Sublease Payments previously made by the District to the LessorContractor; (2) all Sublease Prepayments previously made by the District to the LessorContractor; (3) all amounts previously retained pursuant to Section 26(A)(320(a)(3), below, from Sublease Prepayments previously made by the District to the Lessor Contractor (unless the Lessor Contractor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(320(a)(3)); and (4) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)20(a)(3) hereof. Lessor Contractor must submit evidence that the conditions precedent set forth in Section 26(A)(120(a)(1), below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B20(b), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Sublease

Sublease Prepayments. At any time during the term of this Master Sublease, the District maymay in its sole discretion, upon the request of the Lessor or on upon its own initiative, make Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds exceeding the aggregate true cost to the Lessor of the work on the phases of the Project completed to the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; (3) all amounts previously retained pursuant to Section 26(A)(3Article 21(A)(3), below, from Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3))Lessor; and (4) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)Prepayment. Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1), Article 21(A)(1) below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(BArticle 21(B), below, shall be adjusted accordingly.

Appears in 1 contract

Samples: Master Sublease Agreement

Sublease Prepayments. At any time during the term of this Sublease, the District may, upon the request of the Lessor or on upon its own initiative, make Sublease Prepayments to the Lessor. No Sublease Prepayments requested by the Lessor may be made by the District in an amount which exceeds exceeding the aggregate true cost to the Lessor of the work on the Project completed to as of the date the Lessor submits the request for a Sublease Prepayment less the aggregate amount of: (1) all Sublease Payments previously made by the District to the Lessor; (2) all Sublease Prepayments previously made by the District to the Lessor; and (3) all amounts previously retained pursuant to Section 26(A)(3)27.A.3., below, from Sublease Payments, and Sublease Prepayments previously made by the District to the Lessor (unless the Lessor shall have previously substituted securities for such retained amounts pursuant to Section 26(A)(3)); and (427.A.3.) the retention for such Sublease Prepayment pursuant to Section 26(A)(3)below. Lessor must submit evidence that the conditions precedent set forth in Section 26(A)(1)27.A.1., below, have been met. In the event District elects to make Sublease Prepayments, the Prepayment Price, contemplated in Section 26(B)27.B., below, shall be adjusted accordingly.

Appears in 1 contract

Samples: School Expansion Project Sublease Agreement

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