Common use of Execution of Leases Clause in Contracts

Execution of Leases. 716 All leases entered into by the University shall be executed only by those University officers or 717 persons authorized by the President of the University or as may subsequently be authorized by the 718 board of visitors, and subject to any such limits or conditions as may be prescribed in the delegation of 719 authority. Subject to the University's Policy Governing Capital Projects (Exhibit A) adopted by the 720 board as part of the management agreement between the Commonwealth and the University, no other 721 University approval shall be required for leases or leasing, nor state approval required except in the 722 case of leases of real property as may be governed by general state law in accordance with 723 §§ 23.1-1016 and 23.1-1028 of the Act.

Execution of Leases. 716 714 All leases entered into by the University shall be executed only by those University officers or 717 715 persons authorized by the President of the University or as may subsequently be authorized by the 718 716 board of visitors, and subject to any such limits or conditions as may be prescribed in the delegation of 719 717 authority. Subject to the University's Policy Governing Capital Projects (Exhibit A) adopted by the 720 718 board as part of the management agreement between the Commonwealth and the University, no other 721 719 University approval shall be required for leases or leasing, nor state approval required except in the 722 720 case of leases of real property as may be governed by general state law in accordance with 723 721 §§ 23.1-1016 and 23.1-1028 of the Act.