Common use of Payment of Rentals Clause in Contracts

Payment of Rentals. All rentals payable under the terms of this Lease shall be paid by the Lessee to the bank or trust company designated as trustee (“Trustee”) under the Trust Indenture between it and the Lessor (“Indenture”), or to such other bank or trust company as may from time to time succeed such bank or trust company as Trustee under the Indenture securing the bonds to be issued by the Lessor to finance the acquisition and construction of the Leased Premises. Any successor trustee under the Indenture shall be endorsed on this Lease at the end hereof by the parties hereto as soon as possible after selection, and such endorsement shall be recorded as an addendum to this Lease. All payments so made by the Lessee shall be considered as payment to the Lessor of the rentals payable hereunder.

Payment of Rentals. All rentals payable under the terms of this Lease (collectively, the “Lease Rentals”) shall be paid by the Lessee to the bank or trust company designated selected as trustee Trustee (the “Trustee”) under the Trust Indenture between it and the Lessor (“Indenture”), ) or to such other bank or trust company as may from time to time succeed such bank or trust company as Trustee under the Indenture securing the bonds Bonds to be issued by the Lessor to finance the acquisition and construction of the Leased Premises. Any successor trustee under the Indenture The bank selected as Trustee shall be endorsed on this Lease at the end hereof by the parties hereto as soon as possible after selection, and such endorsement shall be recorded as an addendum to this Lease. All payments Lease Rentals so made by the Lessee to the Trustee shall be considered as payment to the Lessor of the rentals payable hereunder.