Rents and Other Amounts Payable. (a) The Company shall pay basic rent for the Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on each and every January 1 thereafter during the term of this Lease Agreement.
Rents and Other Amounts Payable. (a) The Lessee shall make payments to the Trustee during the Agreement Term for the account of the Issuer in such amounts and at such times as are sufficient to pay (i) the principal of and premium, if any, on the Bonds (whether due and payable at maturity or upon the redemption (in whole or in part) or acceleration of the Bonds) and (ii) accrued interest on the Bonds. In any event each rental payment under this Section shall be sufficient to pay the total amount of the principal of, premium, if any, and interest payable on the Bonds and if at any time the balance in the Bond Fund is insufficient to make required payments of the principal of, premium, if any, and interest due on the Bonds on such date, the Lessee shall forthwith pay any such deficiency. Anything herein to the contrary notwithstanding, any amount at any time deposited in the Bond Fund shall be credited against the next succeeding payment and shall reduce the payment to be made by the Lessee to the extent such amount is in excess of the amount required for payment of the principal of and premium, if any, on Bonds theretofore called for redemption and past due interest in all cases where such Bonds have not been presented for payment; and further, if the amount held by the Trustee in the Bond Fund should be sufficient to pay at the times required the principal of, premium, if any, and interest on the Bonds then remaining unpaid, the Lessee shall not be obligated to make any further payments under the provisions of this Section. The payments due and payable during the Extended Lease Term (as defined in Section 5.1 hereof) shall be $1.00 per year.
Rents and Other Amounts Payable. (a) The Company shall pay to the Agency on the Closing Date the balance of the Agency’s administrative fee in the amount of $27,448.00 (equal to the administrative fee of $27,000 plus the public hearing notice and transcript costs of $448. The Company shall pay basic rent for the Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on each and every January 1 thereafter during the term of this Lease Agreement. In addition, the Company shall pay to the Agency an annual compliance fee of $1,000 on or before January 1 of each year commencing January 1, 2017 and continuing through the Lease Term.
Rents and Other Amounts Payable. Not later than the fifteenth (15th) day of the months of October 1993 and November 1993, the Company shall pay as rent an amount equal to one-half (1/2) of the amount of interest on the Bonds which will be payable on December 1, 1993. Not later than the fifteenth (15) day of the months of December 1993, January 1994 and February 1994, the Company shall pay as rent an amount equal to one-third (1/3) of the amount of interest on the Bonds which will be payable on March 1, 1994. Not later than the fifteenth (15th) day of the months of March 1994, April 1994 and May 1994, the Company shall pay as rent an amount equal to one-third (1/3) of the amount of interest on the Bonds which will be payable on June 1, 1993. Not later than the fifteenth (15th) day of each month commencing June 15, 1994 and continuing thereafter until the principal of and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the Trust Agreement, the Company shall pay as rent an amount equal to the sum of (i) one-third (1/3) of the amount of interest on the Bonds which will be payable on the next succeeding date on which such interest is due to be paid, and (ii) one-third (1/3) of the amount of principal of the Bonds which will be payable (whether at stated maturity or by redemption) on the next succeeding date on which such principal is due to be paid. The Company shall receive a credit against the rent payment due in the month of February of each year to the extent and in the manner provided in the General Bond Order and the Series Bond Order. If the Company fails to make any payment required by this paragraph on the due date thereof, the Trustee shall, to the extent that funds are available therefor, transfer to the Debt Service Account an amount equal to such payment from the Collateral Proceeds Account and, if the balance in the Collateral Proceeds Account is insufficient, from the Primary Reserve Account. If moneys are transferred from the Primary Reserve Account or the Collateral Proceeds Account to the Debt Service Account pursuant to the provisions of Section 14 of the General Bond Order, and if no Event of Default is then existing, the Company shall receive a credit against rental payments payable hereunder, in inverse order of their maturity, in an amount equal to the amount so transferred. If no Event of Default is then existing and if the balance in the Primary Reserve Account is greater than or equal to the...
Rents and Other Amounts Payable. (a) The Company shall pay to the Agency on the Closing Date the balance of the Agency’s administrative fee in the amount of $57,927 (equal to the administrative fee of $57,375, plus the public hearing notice and transcript costs of $552). The Company shall pay to the Agency such additional administrative fees determined by the Agency in connection with the Final Project Cost Budget as provided in Section 3.6 hereof. The Company shall pay basic rent for the Facility as follows: One Dollar ($1.00) per year commencing on the Closing Date and on each and every January 1 thereafter during the term of this Lease Agreement. In addition, the Company shall pay to the Agency an annual compliance fee of $1,000 on or before January 1 of each year commencing January 1, 2021 and continuing through the Lease Term.
Rents and Other Amounts Payable. (a) The Company shall pay rent for the Project Facility leased hereunder as follows: So long as the leasehold estate created hereby shall not be terminated, the Company shall pay, directly to the Agency, on the date of execution and delivery of this Agreement and on the first day of February in each calendar year thereafter during the Lease Term, an amount equal to the sum of Five Hundred Dollars ($500.00) per year.
Rents and Other Amounts Payable. Not later than the fifteenth (15th) day of each month commencing September 15, 1992 and continuing thereafter until the principal of and interest on the Bonds shall have been fully paid or provision for the payment thereof shall have been made in accordance with the Trust Agreement, the Company shall pay to the Trustee as rent an amount equal to the sum of (i) one third (1/3) of the amount of interest on the Bonds which will be payable on the next succeeding date on which such interest is due to be paid, and (ii) one third (1/3) of the amount of principal of the Bonds which will be payable (whether at stated maturity or by mandatory sinking fund redemption) on the next succeeding date on which such principal is due to be paid. The Company shall receive a credit against the rent payment due in the month of February of each year to the extent and in the manner provided in the General Bond Order and the Series Bond Order. If the Company fails to make any payment required by this paragraph on the due date thereof, the Trustee shall, to the extent that funds are available therefor, transfer to the Debt Service Account an amount equal to such payment from the Collateral Proceeds Account and, if the balance in the Collateral Proceeds Account is insufficient, from the Primary Reserve Account.
Rents and Other Amounts Payable. (a) The Company shall pay to the Agency on the Closing Date the Agency’s fee in the amount of $102,350.00 (equal to the administrative fee of $101,250.00 plus the public hearing notice costs of $1,100.00) for the Facility. The Company shall pay basic rent for the Facility One Dollar ($1.00) per year commencing on the Closing Date and on each January 1 thereafter during the term of this Lease Agreement. In addition, the Company shall pay to the Agency an annual compliance fee of $1,000.00 for the Facility on the Closing Date and on or before January 1 of each year or within ten (10) days of receipt of demand therefore by the Agency, commencing on January 1, 2016 and continuing through the term of the Lease Agreement.
Rents and Other Amounts Payable. (a) Basic Rent: Commencing on the Rent Commencement Date and on the first day of each sixth month thereafter during the Term, including any renewal term, the Company shall pay Basic Rent, in advance in the amount of $175,000 (being an annual rent of $350,000 for a full year).
Rents and Other Amounts Payable. (a) The Company shall pay basic rent for the Facility for the Lease Term, which shall be all due and at the commencement of the Lease Term in the amount of Seven Hundred Sixty Eight Thousand Five Hundred Seventy Dollars ($768,570.00), payable in installments as follows: by the payment of Four Hundred Thousand Dollars ($400,000.00) on the execution of this Lease and (i) thereafter by annual installments commencing on the 1st day of December, 1998, and on the 1st day of December of each succeeding year, through and including the 1st day of December, 2001, each aforedescribed annual installment in the annual amount of Fifty Thousand Dollars ($50,000.00), and (ii) thereafter by annual installments commencing on the 1st day of December, 2002 and on the 1st day of each succeeding year, through and including the 1st day of December, 2007, each aforedescribed annual installment in the annual amount of Twenty Eight Thousand Ninety-Five Dollars ($28,095.00). The Company shall provide on or before the Closing Date a Letter of Credit from The Chase Manhattan Bank in favor of the Agency, guaranteeing the annual basic rent installments, each in the amount of Fifty Thousand Dollars ($50,000.00) due on the 1st day of December, 1998, 1999, 2000 and 2001. If the Agency receives notice from the provider of the Letter of Credit that the Letter of Credit will be terminated prior to December 1, 2001, the Agency may draw on the Letter of Credit immediately to cover all unpaid basic rent installments due on or before December 1, 2001.
