Common use of Basic Lease Payments Clause in Contracts

Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) and the remaining principal portion with respect to the Series 2001B-1 Facilities lease purchased and the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates attributable to such Facilities are set forth in Exhibit C. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates relating to the Series 2001B-1 Facilities and shall only be amended in the event of a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates or the Series 2012A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2001B Certificates pursuant to the Series 2001B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2004B Certificates pursuant to the Series 2004B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2011A Certificates pursuant to the Series 2011A Supplemental Trust Agreement or the Master Trust Agreement or the prepayment or defeasance of a portion of Series 2012A Certificates pursuant to the Series 2012A Supplemental Trust Agreement or the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates is rated within the three highest rating categories by a nationally recognized rating service.

Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (each June 15 and December 15, commencing December 15, 2008) and the remaining principal portion with respect to the Series 2001B-1 2008A-2 Facilities to be lease purchased and the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A 2008A Certificates attributable to such Series 2008A-2 Facilities are set forth in Exhibit C. B hereto. If, upon delivery of the Certificate of Acceptance indicating completion of the acquisition, construction, installation and payment of all costs of the Series 2008A-2 Facilities, or if the School Board determines not to acquire, construct or install one or more components of the Series 2008A- 2 Facilities, it is determined that the cost of, and consequently the actual amount of Basic Lease Payments for, a Series 2008A-2 Facility is different from the amount set forth herein, Exhibit B shall be revised as necessary to reflect the adjusted Schedule of Basic Lease Payments for all Series 2008A-2 Facilities to be lease-purchased. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A 2008A Certificates relating to the Series 2001B-1 2008A-2 Facilities and shall only be amended in the event of (i) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates or the Series 2012A 2008A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2001B 2008A Certificates pursuant to Article III of the Series 2001B 2008A Supplemental Trust Agreement or Section 801 of the Master Trust AgreementAgreement or (ii) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2014B Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, the and prepayment or defeasance of a portion of Series 2004B 2014B Certificates pursuant to Article III of the Series 2004B 2014B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance Section 801 of a portion of Series 2011A Certificates pursuant to the Series 2011A Supplemental Trust Agreement or the Master Trust Agreement or the prepayment or defeasance of a portion of Series 2012A Certificates pursuant to the Series 2012A Supplemental Trust Agreement or the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A 2008A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A 2008A Certificates and the Series 2012A Certificates is are rated within the three highest rating categories by a nationally recognized rating service.

Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) and the remaining principal portion with respect to the Series 2001B-1 2001A-1 Facilities lease purchased and the Series 2001B 2001A Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates attributable to such Facilities are set forth in Exhibit C. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2001B 2001A Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates relating to the Series 2001B-1 2001A-1 Facilities and shall only be amended in the event of a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2001B 2001A Certificates, the Series 2004B Certificates, ; the Series 2011A Certificates or the Series 2012A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2001B 2001A Certificates pursuant to the Series 2001B 2001A Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2004B Certificates pursuant to the Series 2004B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2011A Certificates pursuant to the Series 2011A Supplemental Trust Agreement or the Master Trust Agreement or the prepayment or defeasance of a portion of Series 2012A Certificates pursuant to the Series 2012A Supplemental Trust Agreement or the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by each of the Series 2001B 2001A Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each of the Series 2001B 2001A Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates is rated within the three highest rating categories by a nationally recognized rating service.

Basic Lease Payments. (a) The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) with respect to the principal portion of the Basic Lease Payments and the remaining principal portion with respect to the Series 2001B-1 2006-1 Facilities to be lease purchased and the Series 2001B Certificates, Certificates allocable to the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates attributable to such 2006-1 Facilities are set forth in Exhibit C. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates relating to the Series 2001B-1 2006-1 Facilities and shall only be amended in the event of (i) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of 2006A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2006A Certificates pursuant to Section 301 or 303 of the Series 2006 Supplemental Trust Agreement or Section 801 of the Master Trust Agreement; (ii) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates or the Series 2012A 2015A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2001B 2015A Certificates pursuant to Section 301 or 302 of the Series 2001B 2015A Supplemental Trust Agreement or Section 801 of the Master Trust Agreement, (iii) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2015C Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2004B 2015C Certificates pursuant to Section 301 or 303 of the Series 2004B 2015C Supplemental Trust Agreement or Section 801 of the Master Trust Agreement, the prepayment or defeasance of (iv) a portion of Series 2011A Certificates pursuant change to the mandatory sinking fund prepayments in accordance with Section 302 of the Series 2011A 2015C Supplemental Trust Agreement or in connection with a change in the Master Trust Agreement or method of calculation of the prepayment or defeasance of a portion of Series 2012A Certificates pursuant to the Series 2012A Supplemental Trust Agreement or the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by each the Series 2015C Certificates. Notwithstanding anything to the contrary herein, during a Special Period, the mandatory sinking fund prepayments during an Amortization Period (as defined in Appendix I to the Series 2015C Trust Agreement) shall be modified in accordance with Section 7 of Appendix I to the Series 2015C Supplemental Trust Agreement so that during an Amortization Period the principal portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates Basic Lease Payments and the Series 2012A Certificates, expressed as an annual interest rate, is exempt from Lease Payment Dates thereof will correspond to the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each amounts and due dates of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates is rated within the three highest rating categories by a nationally recognized rating serviceAmortization Payments.

Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) and the remaining principal portion Remaining Principal Portion with respect to the Series 2001B-1 2003A-2 Facilities to be lease purchased and the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A 2003A Certificates and the Series 2012A Certificates attributable to such Facilities are set forth in Exhibit C. B hereto. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A 2003A Certificates and the Series 2012A Certificates relating to the Series 2001B-1 2003A-2 Facilities and shall only be amended in the event of a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2001B Certificates2003A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2003A Certificates pursuant to Section 301 of the Series 2004B Certificates, 2003A Supplemental Trust Agreement or Section 801 of the Series 2011A Certificates Master Trust Agreement or (ii) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2012A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2001B Certificates pursuant to the Series 2001B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2004B Certificates pursuant to the Series 2004B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2011A Certificates pursuant to the Series 2011A Supplemental Trust Agreement or the Master Trust Agreement or the prepayment or defeasance of a portion of Series 2012A Certificates pursuant to Section 301 or 303 of the Series 2012A Supplemental Trust Agreement or Section 801 of the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A 2003A Certificates and the Series 2012A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A 2003A Certificates and the Series 2012A Certificates is are each rated within the three highest rating categories by a nationally recognized rating service.