Rent, Etc. 3 Section 2.02. Excepted Payments........................................ 4 Section 2.03.
Rent, Etc. The Trustor and the Owner Trustee acknowledge that the Lease will be security for the Certificates pursuant to the Indenture which provides that all moneys payable by the Lessee to the Owner Trustee under the Lease (other than Excepted Payments) are to be first paid to the Indenture Trustee while the Lien of the Indenture is in effect, for distribution in accordance with the terms of Article V of the Indenture. Except as otherwise provided in Section 2.04 hereof (and except for amounts received from the Indenture Trustee, which shall be applicable only in accordance with clause (iii) below), the Owner Trustee shall promptly apply each payment of Rent (other than Excepted Payments), Stipulated Loss Value, Termination Value, and any proceeds from the sale, requisition or disposition of the Aircraft received by it as follows:
Rent, Etc. The Trustor and the Owner Trustee acknowledge that the Lease will be security for the Certificates pursuant to the Indenture which provides that all moneys payable by the Lessee to the Owner Trustee under the Lease (other than Excepted Payments) are to be paid to the Indenture Trustee while the Lien of the Indenture is in effect. Except as otherwise provided in Section 2.04 hereof, the Owner Trustee shall promptly apply each payment of Rent (other than Excepted Payments), Stipulated Loss Value, Termination Value, and any proceeds from the sale, requisition or disposition of the Aircraft received by it (other than any amounts received from the Indenture Trustee) as follows:
Rent, Etc. 3 SECTION 2.02.
Rent, Etc. Pro-ration. Rent, including both Base Rent and any Additional Rent (as defined in the Facility Lease), under the Facility Lease for the then current period and electric, water and sewer charges shall be pro-rated as of the Closing Date, and the full value shall be adjusted; the net amounts thereof shall be added to, or deducted from, as the case may be, the total Purchase Price payable by Buyer to LEC at the Closing.
Rent, Etc. 1.1 This lease is contingent on the acquisition of the Building by the Landlord pursuant to an Agreement of Sale dated December 23, 1999 between J & J Associates and Landlord. Upon the transfer of title of the Building, the terms and conditions set forth herein will be valid and binding obligations on the parties hereto. In the event that the transfer of title does not occur prior to the Commencement Date, as hereinafter defined, this Agreement of Lease shall be terminated and Landlord will refund any sums paid hereunder. Upon such refund, this Agreement will become null and void and the parties hereto shall be relieved of all further obligations and liabilities to each other.
Rent, Etc weeks notice in writing to the other Church – Cost on application. Main Hall - £12.50 per hour for non-fundraising events. - £40 for Coffee Mornings, other fundraisers by arrangement. - (Hiring in minimum of 30 minute blocks). Meeting Room - £5 per hour. Use of kitchen for making tea/coffee etc. is included in above fees, but there is an additional charge of £5.00 to use the kitchen for cooking. The rent shall be the sum of (in words) (£ ) (in figures) weekly/ monthly/ yearly, to be paid in advance by the Tenants to the Congregational Treasurer of the landlords. Due notice shall be given by the Landlords in writing of any changes in rent. If additional rates are at any time levied on the Landlords because of the Tenants’ use of the premises, the tenants will be bound to refund the landlords the amount concerned; USE; The premises shall be used by the Tenants for the sole purposes of
Rent, Etc. 3 Section 2.02. Excepted Payments........................................ 4 Section 2.03. Distributions after Release of Lien of Indenture......... 4 Section 2.04. Manner of Making Distributions........................... 4
Rent, Etc. In the event the Premises are expanded based upon the Expansion Option, the Lease shall continue to be governed by the terms and conditions hereof; provided, however, that the Annual Rent, Monthly Installment of Annual Rent, the Initial Estimated Monthly Installment of Rent Adjustments, the initial Security Deposit payable under the Lease and the Letter of Credit shall be increased from that set forth on the Reference Pages of the Lease to the amounts set forth below: ANNUAL RENT and MONTHLY INSTALLMENT OF ANNUAL RENT (Article 3): Period Annual Rent Monthly Installment of Annual Rent from through 4/1/04 4/30/04 $ 1,107,360.00 $ 92,280.00 5/1/04 6/30/04 $ 0.00 $ 0.00 7/1/04 3/31/05 $ 1,140,580.80 $ 95,048.40 4/1/05 3/31/06 $ 1,174,798.22 $ 97,899.85 4/1/06 3/31/07 $ 1,210,042.17 $ 100,836.85 4/1/07 3/31/08 $ 1,246,343.44 $ 103,861.95 4/1/08 3/31/09 $ 1,283,733.74 $ 106,977.81 4/1/09 3/31/10 $ 1,322,245.75 $ 110,187.15 4/1/10 3/31/11 $ 1,361,913.12 $ 113,492.76 4/1/11 3/31/12 $ 1,402,770.51 $ 116,897.54 4/1/12 3/31/13 $ 1,444,853.63 $ 120,404.47 4/1/13 3/31/14 $ 1,488,199.24 $ 124,016.60 INITIAL ESTIMATED MONTHLY INSTALLMENT OF RENT ADJUSTMENTS (Article 4): $19,764.00 SECURITY DEPOSIT: $106,069.00 increased annually as necessary so as to equal at least 105% of the current Monthly Installment of Annual Rent. LETTER OF CREDIT: $402,187.50
Rent, Etc. In the event that Tenant exercises the TI Allowance Reduction Option, the Lease shall continue to be governed by the terms and conditions hereof; provided, however, that the Annual Rent, Monthly Installment of Annual Rent, the initial Security Deposit payable under the Lease and the Letter of Credit shall be changed from that set forth on the Reference Pages of the Lease (or Section 14 of this Addendum, if applicable) to one of the alternate amounts set forth below depending upon whether Tenant exercises the Expansion Option: ANNUAL RENT and MONTHLY INSTALLMENT OF ANNUAL RENT (Article 3): Period Annual Rent without Expansion Option Monthly Installment of Annual Rent without Expansion Option Annual Rent with Expansion Option Monthly Installment of Annual Rent with Expansion Option from through 4/1/2004 4/30/2004 $ 777,600.00 $ 64,800.00 $ 1,049,760.00 $ 87,480.00 5/1/2004 6/30/2004 $ 0.00 $ 0.00 $ 0.00 $ 0.00 7/1/2004 3/31/2005 $ 800,928.00 $ 66,744.00 $ 1,081,252.80 $ 90,104.40 4/1/2005 3/31/2006 $ 824,955.84 $ 68,746.32 $ 1,113,690.36 $ 92,807.53 4/1/2006 3/31/2007 $ 849,704.52 $ 70,808.71 $ 1,147,101.12 $ 95,591.76 4/1/2007 3/31/2008 $ 875,195.64 $ 72,932.97 $ 1,181,514.12 $ 98,459.51 4/1/2008 3/31/2009 $ 901,451.52 $ 75,120.96 $ 1,216,959.60 $ 101,413.30 4/1/2009 3/31/2010 $ 928,495.08 $ 77,374.59 $ 1,253,468.40 $ 104,455.70 4/1/2010 3/31/2011 $ 956,349.96 $ 79,695.83 $ 1,291,072.44 $ 107,589.37 4/1/2011 3/31/2012 $ 985,040.40 $ 82,086.70 $ 1,329,804.60 $ 110,817.05 4/1/2012 3/31/2013 $ 1,014,591.60 $ 84,549.30 $ 1,369,698.72 $ 114,141.56 4/1/2013 3/31/2014 $ 1,045,029.36 $ 87,085.78 $ 1,410,789.72 $ 117,565.81 SECURITY DEPOSIT WITH EXPANSION OPTION: $100,602.00 increased annually as necessary so as to equal at least 105% of the current Monthly Installment of Annual Rent. SECURITY DEPOSIT WITHOUT EXPANSION OPTION: $74,520.00 increased annually as necessary so as to equal at least 105% of the current Monthly Installment of Annual Rent. LETTER OF CREDIT WITH EXPANSION OPTION: $278,437.50 LETTER OF CREDIT WITHOUT EXPANSION OPTION: $206,250.00
