Common use of Leasing of the Project Clause in Contracts

Leasing of the Project. The Borrower may not lease the Project or any portion thereof to any person during the Term of this Agreement without the prior written consent of the Authority. No lease shall relieve the Borrower from primary liability for any of its obligations hereunder, and in the event of any such lease the Borrower shall continue to remain primarily liable for payment of the applicable amounts specified in Article III hereof and for performance and observance of the other agreements on its part herein provided to be performed and observed by it to the same extent as though no lease had been made.

Leasing of the Project. The Borrower may not lease the Project or any portion thereof to any person during the Term of this Agreement without the prior written consent of the AuthorityAuthority and the Bank. No lease shall relieve the Borrower from primary liability for any of its obligations hereunder, and in the event of any such lease the Borrower shall continue to remain primarily liable for payment of the applicable amounts specified in Article III hereof and for performance and observance of the other agreements on its part herein provided to be performed and observed by it to the same extent as though no lease had been made.