Common use of Term of this Lease Clause in Contracts

Term of this Lease. The term of this Lease shall commence on the date of its execution and shall continue for the period, not to exceed forty (40) years, corresponding to the time component contained in the Rental which shall be fixed within the range as set forth in Section 3.3 of this Lease which shall be certified by the appraiser and thereafter approved by the State Administrative Board and the Authority as authorized by Act 183.

Appears in 4 contracts

Samples: Lease and an Easement Agreement, Lease and an Easement Agreement, Construction and Completion Assurance Agreement

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