Common use of In Whole Clause in Contracts

In Whole. In the event that the District prepays all remaining Lease Payments either by making a security deposit with the Trustee as provided in Section 10.1 hereof or from Net Proceeds as provided in Section 10.2 hereof or from cash or other legally available moneys deposited by the District as provided in Section 10.3, and the District has paid all Additional Payments required hereunder, the District’s obligations under this Lease shall thereupon cease and terminate, including but not limited to the District’s obligation to continue to pay Lease Payments under this Article X (except as provided in Section 10.1 hereof).

Appears in 2 contracts

Sources: Lease/Purchase Agreement, Lease/Purchase Agreement