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Agenda - 12-20-94 - Lease
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Agenda - 12-20-94 - Lease
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11/9/2016 3:06:16 PM
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BOCC
Date
12/20/1994
Meeting Type
Regular Meeting
Document Type
Leases
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of this Lease or the existence, furnishing, functioning or use by <br /> anyone of any item, product or service provided for herein. <br /> 9 . 2 Further Assurances; Corrective Instruments. The Board of <br /> Education and the County agree that they will, from time to time, <br /> execute, acknowledge and deliver, or cause to be executed, <br /> acknowledged and delivered, such supplements hereto and such <br /> further instruments as may reasonably be required for correcting <br /> any inadequate or incorrect description of the Leased Property <br /> hereby leased or intended so to be, or for otherwise carrying out <br /> the intention hereof. <br /> 9 . 3 Board of Education and County Representatives. Whenever <br /> under the provisions hereof the approval of the Board of Education <br /> or the County is required to take some action at the request of the <br /> other, unless otherwise provided, such approval or such request <br /> shall be given for the Board of Education by the Board of Education <br /> Representative and for the County by the County Representative, and <br /> the Board of Education and the County shall be authorized to act on <br /> any such approval or request of such representative of the other. <br /> 9 .4 Compliance with Requirements. During the Lease Term, the <br /> Board of Education and the County shall observe and comply promptly <br /> with all current and future orders of all courts having <br /> jurisdiction over the Improvements or any portion thereof (or be <br /> diligently and in good faith contesting such orders) , and all <br /> current and future requirements of all insurance companies' written <br /> policies covering the Improvements or any portion thereof. <br /> ARTICLE X <br /> TITLE TO LEASED PROPERTY; <br /> LIMITATIONS ON ENCUMBRANCES <br /> 10. 1 Title to Leased Property. Except for personal property <br /> purchased by the Board of Education at its own expense, title to <br /> the Leased Property and any and all additions and modifications to <br /> or replacements of any portion of the Leased Property shall be held <br /> in the County's name, subject only to Permitted Encumbrances, until <br /> foreclosed upon or conveyed as provided in the Lease, <br /> notwithstanding (a) the occurrence of one or more events of default <br /> as defined in Section 10. 1 of the Installment Purchase Contract; <br /> (b) the occurrence of any event of damage, destruction, <br /> condemnation or construction or title defect; or (c) the violation <br /> by the County of any provision of this Lease. <br /> The Board of Education shall have no right, title or interest <br /> in the Leased Property or any additions and modifications to or <br /> BWNY/133845.2/15880/00013/1537 December 14, 1994 8 <br />
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