Examples of Lease Payments in a sentence
District and Developer have agreed and determined that the total Lease Payments constitute adequate consideration for the Facilities Lease and are reasonably equivalent to the fair rental value of the Project.
IIMHL is a collaboration of seven countries: Australia, England, Canada, New Zealand, Republic of Ireland, Scotland and USA.IIMHL organises structured staff matches, systems for international networking, innovation sharing and problem solving across countries and agencies.
District shall at all times from and after District’s acceptance of the Project, for the benefit of District and Developer, as their interests may appear, maintain rental interruption insurance to cover loss, total or partial, of the use of the Project due to damage or destruction, in an amount at least equal to the maximum estimated Lease Payments payable under this Facilities Lease during the current or any future twenty-four (24) month period.
The Treasurer, moreover, is hereby authorized to charge such Lease Payments to the Agency’s account indicated below.
Consistent with California Public Contract Code section 7100, Developer hereby agrees that, in consideration of the payment set forth in Paragraph 2 hereof, Developer hereby releases and forever discharges District, all its agents, employees, inspectors, assignees, and transferees from any and all liability, claims, demands, actions, or causes of action of whatever kind or nature arising out of or in any way concerned with the Work under the Contract, except for the Lease Payments.