Common use of Closure of School Clause in Contracts

Closure of School. If the School should close for any reason, the School Governing Authority, to the extent that the School Governing Authority owns the facility, is solely responsible for the sale, lease or other distribution of the facility.

Closure of School. If the School should close for any reason, the School Governing Authority, to the extent that the School Governing Authority owns the facility, is solely responsible for the sale, lease or other distribution of the facility. The School Governing Authority agrees to maintain the facility until such time as the facility is sold or leased to another entity.