Lease of the Project. The Lessor hereby rents, leases and lets to the Issuer the Lessor’s interests in the Project, and the Issuer rents, leases and hires the Project from the Lessor, for rentals and upon and subject to the terms and conditions herein set forth, for a term commencing on the date hereof and ending on December 1, 2031; provided, however, this Base Lease Agreement shall remain in full force and effect so long as any obligation of the Lessor under the Sublease Agreement shall be outstanding (the “Lease Term”), unless sooner terminated in a manner provided for herein, provided that the Lessor shall not exercise any right so reserved in any manner that will interfere with any rights of the Issuer hereunder.
Appears in 2 contracts
Sources: Base Lease Agreement, Base Lease Agreement