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"Lease Year" initially means from November 15, 2024, through November 15, 2044, and <br />thereafter means the 12-month period of each year commencing on January 1 and ending the next <br />December 31. <br />"Board of Education Representative" means any of the person or persons at the time designated <br />by a written certificate furnished to the County and signed on the Board of Education's behalf by its <br />Chairman to act on the Board of Education's behalf forthe purpose of performing any act under this Lease. <br />All references to articles or sections are references to articles or sections of this Lease, unless the <br />context clearly indicates otherwise. <br />ARTICLE II <br />REPRESENTATIONS, COVENANTS AND WARRANTIES <br />The County and the Board of Education each represent, covenant and warrant for the other's <br />benefit as follows: <br />(1) Neither the execution and delivery of this Lease nor the fulfillment of or compliance with <br />the terms and conditions nor the consummation of the transactions contemplated hereby results in a <br />breach of the terms, conditions and provisions of any agreement or instrument to which either is nor a <br />party or by which either is bound, or constitutes a default under any of the foregoing. <br />(2) To the knowledge of each party there is no litigation or proceeding pending or threatened <br />against such party (or against any other person) affecting the rights of such party to execute or deliver <br />this Lease or to comply with its obligations under this Lease. Neither the execution and delivery of this <br />Lease by such party nor compliance by such party of its obligations under this Lease requires the approval <br />of any regulatory body or any other entity, the approval of which has not been obtained. <br />(3) The parties to this Lease acknowledge that in the future the County may be required to <br />obtain financing on this Lease Property and agree that this Lease or any extension of it shall be <br />subordinated to such financing. <br />ARTICLE III <br />DEMISING CLAUSE <br />The County hereby leases the Facilities and the Site (the "Leased Property") to the Board of <br />Education, and the Board of Education hereby leases the Leased Property from the County, in accordance <br />with the provisions of this Lease, to have and to hold for the Lease Term. <br />ARTICLE IV <br />LEASE TERM <br />4.1 Commencement. The Lease Term shall commence on November 15, 2024 and end on <br />November 15, 2044. <br />events: <br />4.2 Termination. The Lease Term shall terminate upon the earlier of either of the following <br />2 <br />Page 63 <br />