Additional Deal Points Sample Clauses

Additional Deal Points a. OMC shall lease from the District all the assets related to SVH, equipment and furnishings that are directly owned by the District (the “Assets”); ownership of the Assets and liability for the debt will remain with the District. The parties anticipate that the lease amount will not exceed 105% of the revenue bond annual debt service. b. OMC shall assume the building lease for the Snoqualmie Ridge Medical Clinic. c. OMC will assume all necessary third-party equipment and furnishing leases. d. The District shall create a trust account funded by a portion of the tax revenue in excess of LTGO debt service and a portion of the District’s unrestricted cash balance (TBD) at the time of the execution of the definitive agreement, the purpose of which is to provide safety nets for OMC against possible operational losses, and for the District should OMC not continue to operate Newco post the initial term. The initial term of the agreement will go through December 1, 2025 when the District’s revenue bonds become callable. e. OMC shall have the option to purchase the New Hospital or terminate the lease and transfer membership in Newco back to the District, at the end of initial lease term. f. The District’s East Campus property is excluded from the Transaction; OMC will have a right of first refusal for the acquisition of East Campus property and the District will be restricted from allowing any competitive use on the property.