Common use of Operation of School Clause in Contracts

Operation of School. a) Unless the School has already ceased operations, the Sponsor shall assume operation of the school throughout the pendency of the hearing under Sections 1002.33(8)(b)&(c), F.S. b) The feasibility of continuing the School’s operations is a matter within the sole judgment of the Sponsor. c) The Sponsor shall hold and conserve all School property and assets, including cash and investments, in trust until the School has exhausted all appellate rights pursuant to Section 1002.33(8), F.S. The Sponsor shall only disburse School funds in order to pay the normal expenses of the School as they accrue in the ordinary course of business. Normal expenses shall include, but not be limited to, the payment of employee salaries and benefits.