S Purchasing - CHCCS Establishing a Lease Agreement & Agency Agreement for Elementary School # 10

Browse Search

f) Execution in Counterparts. This Agreement may be simultaneously executed in • several counterparts, each of which will be an original and all of which will constitute but one and the same instrument. g) Applicable Law. The parties intend that this Agreement will be governed by and construed in accordance with North Carolina law. h) School Board and County Representatives. Whenever under the provisions hereof the approval of the School Board or the County is required to take some action at the request of the other, unless otherwise provided, such approval or such request must be given (i) for the County by the County Manager, and (ii) for the School Board by its Superintendent, or (iii) in either case by anyone designated by the respective governing body to perform any act (or any specified act) under this Agreement, and in any such case the School Board and the County will be authorized to act on any such approval or request. i) Not exclusive. This Agreement is not intended as the exclusive method for the County and the School Board to cooperate with respect to the Improvements and the Contract Property. The parties may proceed with respect to such Improvements and the Contract Property in a variety of methods. These methods may include a separate but similar leasing arrangement for the Improvements and the Contract Property. j) Further Assurances; Corrective Instruments. The School Board and the County agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for carrying out the intention of this Agreement and any financing agreement providing financing for any improvement to the Contract Property. Exhibits - A Definitions B Form of memorandum of lease [The remainder of this page has been left blank intentionally.] •