Common use of Partial Prepayment Clause in Contracts

Partial Prepayment. The City shall have the option to prepay the Basic Rent Payments in part, upon giving written notice to the Trustee at least 30 days before the date of such prepayment, on any date occurring on or after the date stated for Optional Prepayment in Section 5.02(a) of the Declaration of Trust, at a Prepayment Price equal to the Principal Portion of Basic Rent being so prepaid plus the Interest Portion of Basic Rent accrued thereon to such date. The Principal Portion of Basic Rent prepaid pursuant to the provisions of this Section 10.02 shall be in integral multiples of $5,000 and shall be credited in inverse order of maturity. Upon any partial prepayment, the amount of each Interest Portion of Basic Rent coming due thereafter shall be reduced by the amount of such Interest Portion attributable to such prepaid Principal Portion determined by applying the annual interest rate corresponding to such prepaid Principal Portion as shown on Exhibit A.

Partial Prepayment. The City shall will have the option to prepay the Basic Rent Payments in part, upon giving written notice to the Trustee at least 30 45 days before the date of such prepayment, on at any date occurring time on or after the date stated for Optional Prepayment in Section 5.02(a) anniversary of the Declaration of TrustDated Date, at a the Prepayment Price equal to the Principal Portion of Basic Rent being so prepaid plus the Interest Portion of Basic Rent accrued thereon to such dateBasic Rent Payment Date. The Principal Portion of Basic Rent prepaid pursuant to the provisions of this Section 10.02 shall will be in integral multiples of $5,000 and will be credited against such Basic Rent Payments as shall be credited determined by the City in inverse order of maturityits sole and absolute discretion. Upon any partial prepayment, the amount of each Interest Portion of Basic Rent coming due thereafter shall will be reduced by the amount of such Interest Portion attributable to such prepaid Principal Portion determined by applying the annual interest rate corresponding to such prepaid Principal Portion as shown on Exhibit A.B.

Partial Prepayment. The City shall will have the option to prepay the Basic Rent Payments in part, upon giving written notice to the Trustee at least 30 days before the date of such prepayment, on any date Basic Rent Payment Date occurring on or after the date stated for Optional Prepayment in Section 5.02(a) of the Declaration of Trust, 20 , at a the Prepayment Price equal to the Principal Portion of Basic Rent being so prepaid plus the Interest Portion of Basic Rent accrued thereon to such dateBasic Rent Payment Date. The Principal Portion of Basic Rent prepaid pursuant to the provisions of this Section 10.02 shall will be in integral multiples of $5,000 and will be credited against such Basic Rent Payments as shall be credited determined by the City in inverse order of maturityits sole and absolute discretion. Upon any partial prepayment, the amount of each Interest Portion of Basic Rent coming due thereafter shall will be reduced by the amount of such Interest Portion attributable to such prepaid Principal Portion determined by applying the annual interest rate corresponding to such prepaid Principal Portion as shown on Exhibit A.