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AG 2002 09 16 (Regular)
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AG 2002 09 16 (Regular)
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Last modified
3/2/2006 5:01:44 PM
Creation date
11/27/2017 11:44:08 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/16/2002
Board
Board of Commissioners
Meeting Type
Regular
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further instruments as may reasonably be required for correcting any inadequate or <br />incorrect description of the Leased Property hereby leased or intended so to be, or for <br />otherwise carrying out the intention hereof. <br /> <br /> 9.3 Board of Education and County Representatives. Whenever under the <br />provisions hereof the approval of the Board of Education or the County is required to <br />take some action at the request of the other, unless otherwise provided, such approval or <br />such request shall be given for the Board of Education by the Board of Education <br />Representative and for the County by the County Representative, and the Board of <br />Education and the County shall be authorized to act on any such approval or request. <br /> <br /> 9.4 Compliance with Requirements. During the Lease Term, the Board of <br />Education and the County shall observe and comply promptly with all current and future <br />orders of all courts having jurisdiction 'over the Facilities or any portion thereof (or be <br />diligently and in good faith contesting such orders), and all current and future <br />requirements of all insurance companies written policies covering the Facilities or any <br />portion thereof. : <br /> <br />ARTICLE X <br /> <br />TITLE TO LEASED PROPERTY <br /> <br />LIMITATIONS ON ENCUMBRANCES <br /> <br /> 10.1 Title to Leased Property. Except for personal property purchased by the <br />Board of Education at its own expense, title to the Leased Property and any and all <br />additions and modifications to or replacements of any portion of the Leased Property <br />shall be held in the County's name, subject only to Permitted Encumbrances, until <br />foreclosed upon or conveyed as provided in the Lease, notwithstanding (a) the occurrence <br />of one or more events of default as defined in the Financing Contract; (b) the occurrence <br />of any event of damage, destruction, condemnation or construction or title defect; or (C) <br />the violation by the County of any provision of this Lease. <br /> <br /> The Board of Education shall have no right, title or interest in the Leased Property <br />or any additions and modifications to or replacements of any portion of the Leased <br />Property., except as expressly set forth in this Lease. <br /> <br />9 <br /> <br /> <br />
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