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Image 480 of 1991 - Board of Regents Meeting Minutes.

Part of Murray State University Board of Regents Meeting Minutes.

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t _ _ Attachment #l · AGREEMENT ‘ THIS AGREEMENT dated as of , 1991, by and among: STATE PROPERTY & BUILDINGS COM ISSION (the "Commission") a Government Agency of the Commonwealth of Kentucky Capitol Annex Building Frankfort, Kentucky 40601 and _ CABINET FOR ECONOMIC DEVELOPMENT (the "Cabinet") a Government Agency of the Commonwealth of Kentucky Capital Plaza Tower, 24th Floor Frankfort, Kentucky 40601 · and MURRAY STATE UNIVERSITY (the "University“) Murray, Kentucky 42071 gecital This Agreement (the "Agreement") provides for a grant in the amount of Ten Million Dollars ($10,000,000.00) from the Cabinet to the University for costs associated with the construction of a Civic Center to be located on the campus of Murray State University. In order to induce the Cabinet to enter into this Agreement and to make the grant, the University is willing and desires to make the warranties, covenants, and agreements contained and set forth herein. SECTION 1 Definitions · As used in this Agreement: An "Affiliate" of, or a Person "affiliated“ with, a specified Person, is a Person that directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person specified. · "Commonwealth" shall mean the Commonwealth of Kentucky acting by and through the State Property and Buildings Commission of Kentucky, a state governmental organization, Frankfort, ‘ Kentucky, and the Cabinet for Economic Development of Kentucky, a de jure agency and department of the Commonwealth of Kentucky. · "Grant" shall mean the grant in the principal amount of p Ten Million Dollars ($l0,000,000.00), from the Cabinet to the

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