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AG 2016 05 16
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AG 2016 05 16
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Last modified
5/18/2016 12:20:36 PM
Creation date
11/27/2017 10:33:09 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
5/16/2016
Board
Board of Commissioners
Meeting Type
Regular
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hereunder; or (c) the incurrence of any cost or expense in connection with the acquisition and <br />construction of the Facilities in excess of the monies available therefore. <br />ARTICLE XI <br />EVENTS OF DEFAULT <br />11 .1 Events of Default The following shall be "Events of Default" under this Lease, <br />and tern "Default" shall mean, whenever it is used in this Lease, any one or more of the <br />following events: <br />(a) The Board of Education's failure to make any payments hereunder when <br />due after a 60 -day opportunity to cure; <br />(b) The Board of Education's failure to observe and perform any covenant, <br />condition or agreement on its part to be observed or performed for a period of thirty (30) days <br />after written notice specifying such failure and requesting that it be remedied shall have been <br />given to the Board of Education by the County, unless the County shall agree in writing to an <br />extension of such time prior to its expiration; provided, however, if the failure stated in the notice <br />cannot be corrected within the applicable period, neither the County shall unreasonably withhold <br />its consent to an extension of such time if corrective action is instituted by the Board of <br />Education within the applicable period and diligently pursued until such failure is corrected; and <br />further provided, that if by reason of Force Majeure the Board of Education is unable in whole or <br />in part to carry out any of its agreements contained herein (other than its obligations contained in <br />Sections 6.2 or 7.1), the Board of Education shall not be deemed in default during the <br />continuance of such event or occurrence. <br />11.2 Remedies On Default Whenever any Event of Default shall have happened <br />and be continuing, the County may take one or any combination of the following remedial steps: <br />(a) Collect damages; <br />(b) Have reasonable access to and inspect, examine and make copies of the Board <br />of Education's books and records and accounts during the Board of Education's regular business <br />hours, if reasonably necessary in the County's opinion; or <br />ARTICLE XII <br />MISCELLANEOUS <br />12.1 Notices All notices, certificates or other communications hereunder shall be <br />sufficiently given and shall be deemed given when delivered or mailed by registered mail, <br />postage prepaid, addressed as follows: <br />(a) If intended for the County, addressed to it at the following address: <br />7 <br />F -3 <br />Attachment number 1 \n <br />Page 65 <br />
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