Examples of 2013 Facilities in a sentence
The School District shall pay and have responsibility for all taxes on and insurance of the 2013 Real Property and the 2013 Facilities.
Except as expressly provided herein, no union of the interests of the School District and the Corporation herein or in the Purchase and Use Agreement shall result in a merger of this Base Lease and the title to the 2013 Facilities.
The School District has not made, done, executed or suffered, and warrants that it will not make, do, execute or suffer, any act or thing whereby the School District's interests in the 2013 Real Property and the 2013 Facilities shall be or may be impaired, changed or encumbered in any manner whatsoever except as permitted by this Base Lease and the Purchase and Use Agreement.
As and for rental hereunder and in consideration for the leasing of the 2013 Real Property to the Corporation hereunder, the Corporation agrees (a) to pay an annual Base Lease Rent of One Dollar per year and (b) to fulfill its obligations with respect to the 2013 Facilities as provided in the Purchase and Use Agreement.
The Corporation agrees, upon any termination or completion of the Base Lease Term or the exercise by the School District of its option to purchase as provided in Section 9.1(a) of the Purchase and Use Agreement, to quit and surrender the 2013 Real Property and that all title and interest in the 2013 Facilities and the 2013 Real Property shall vest in the School District free and clear of the encumbrance of this Base Lease and any other encumbrances except Permitted Encumbrances.