Common use of Payment of Rentals Clause in Contracts

Payment of Rentals. (a) The first lease rental payment shall be due on the later of (i) the date the Leased Premises are available for use and occupancy by the Lessees, or (ii) a date to be determined at the time of the sale of the Bonds, but no earlier than June 3, 2012, as set forth in the addendum referred to in Section 3(a) above. If the first rental payment date on the Leased Premises is other than June 15 or December 15, the first rental payment shall be for an amount calculated at the rate for that Semi-annual Period from the date of payment to the next June 15 or December 15. Thereafter, rentals on the Leased Premises shall be payable in advance in semi-annual installments on June 15 and December 15 of each year. The last semi-annual rent payment on the Leased Premises due shall be adjusted to provide for a rental payment at the rate specified above from the date such installment is due to the expiration of this Lease.

Payment of Rentals. (a) The first lease rental payment shall be due on the later of (i) the date the Leased Premises are available for use and occupancy by the LesseesLessee, or (ii) a date to be determined at the time of the sale of the Bonds, but no earlier than June 3, 2012, as set forth in the addendum referred to in Section 3(a2(a) above. If the first rental payment date on the Leased Premises is other than June July 15 or December January 15, the first rental payment shall be for an amount calculated at the rate for that Semi-annual Period from the date of payment to the next June July 15 or December January 15. Thereafter, rentals on the Leased Premises shall be payable in advance in semi-annual installments on June July 15 and December January 15 of each year. The last semi-annual rent payment on the Leased Premises due shall be adjusted to provide for a rental payment at the rate specified above from the date such installment is due to the expiration of this Lease.

Payment of Rentals. (a) The first lease rental payment shall be due on the later of (i) the date the Leased Premises are available for use and occupancy is acquired by the LesseesLessor, or (ii) a date to be determined at the time of the sale of the Bonds, but no earlier than June 3February 1, 20122023, as set forth in the addendum referred to in Section 3(a) above. If the first rental payment date on the Leased Premises is other than June 15 February 1 or December 15August 1, the first rental payment shall be for an amount calculated at the rate for that Semisemi-annual Period period from the date of payment to the next June 15 February 1 or December 15August 1. Thereafter, rentals on the Leased Premises shall be payable in advance in semi-annual installments on June 15 February 1 and December 15 August 1 of each year. The last semi-annual rent payment on the Leased Premises due shall be adjusted to provide for a rental payment at the rate specified above from the date such installment is due to the expiration of this Lease.

Payment of Rentals. (a) The first lease rental payment shall be due on the later of (i) the date the Leased Premises are available for use and occupancy by the LesseesLessee, or (ii) a date to be determined at the time of the sale of the Bonds, but no earlier than June 3, 2012, as set forth in the addendum referred to in Section 3(a2(a) above. If the first rental payment date on the Leased Premises is other than June July 15 or December January 15, the first rental payment shall be for an amount calculated at the rate for that Semi-annual Period from the date of payment to the next June July 15 or December January 15. Thereafter, rentals on the Leased Premises shall be payable in advance in semi-annual installments on June July 15 and December January 15 of each year. The last semi-annual rent payment on the Leased Premises due shall be adjusted to provide for a rental payment at the rate specified above from the date such installment is due to the expiration of this Sub-Lease.