Common use of ADMINISTRATION AND PAYMENT Clause in Contracts

ADMINISTRATION AND PAYMENT. The Company will make payment hereunder from Government funds advanced and agreed to be advanced to it by DOE, and not from its own assets. Administration of this Lease may be transferred from the Company to DOE or its designee, and in case of such transfer and notice thereof to the Lessor, the Company shall have no further responsibilities hereunder. If this Lease is transferred by the Company to DOE, this “Terms and Conditions, Lease of Real Property” form will be superseded (without adjustments of the type specified in paragraph (b) of the “Changes” clause) by General Services Administration Form 3517, “General Clauses” (Acquisition of Leasehold Interests in Real Property), current on the date this Lease was entered into.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

ADMINISTRATION AND PAYMENT. The Company will make payment hereunder from Government funds advanced and agreed to be advanced to it by DOE, and not from its own assets. Administration of this Lease lease may be transferred from the Company to DOE or its designee, and in case of such transfer and notice thereof to the Lessor, the Company shall have no further responsibilities hereunder. If this Lease lease is transferred by the Company to DOE, this “Terms and Conditions, Lease of Real Property” form will be superseded (without adjustments of the type specified in paragraph (b) of the “Changes” clause) by General Services Administration Form 3517, “General Clauses” Clauses (Acquisition of Leasehold Interests in Real Property), ,” current on the date this Lease lease was entered into.

Appears in 1 contract

Sources: Lease Agreement