To Lessee. The Lease and the Lease Supplement shall secure not only existing indebtedness and other obligations, but also such Future Advances, with interest thereon, whether such advances are obligatory or to be made at the option of the Financing Parties, or otherwise, as are made within twenty (20) years from the Initial Closing Date, to the same extent as if such Future Advances were made on the Initial Closing Date. The total amount of indebtedness and other obligations secured hereby may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed $65,000,000 plus interest thereon, and any disbursements made for the payment of taxes, levies or insurance on the Properties, with interest on such disbursements.
Appears in 1 contract
Sources: Lease Agreement (Convergys Corp)
To Lessee. The Lease and the Lease Supplement shall secure not only existing indebtedness and other obligations, but also such Future Advances, with interest or Holder Yield thereon, whether such advances are obligatory or to be made at the option of the Financing Parties, or otherwise, as are made within twenty (20) years from the Initial Closing Date, to the same extent as if such Future Advances were made on the Initial Closing Date. The total amount of indebtedness and other obligations secured hereby may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed $65,000,000 30,000,000.00, plus interest and Holder Yield thereon, and any disbursements made for the payment of taxes, levies or insurance on the Properties, with interest on such disbursements.
Appears in 1 contract
Sources: Lease Agreement (Convergys Corp)
To Lessee. The This Lease and the Lease Supplement shall secure not only existing indebtedness and other obligations, but also such Future Advances, with interest or Holder Yield thereon, whether such advances are obligatory or to be made at the option of the Financing Parties, or otherwise, as are made within twenty (20) years from the Initial Closing Date, to the same extent as if such Future Advances were made on the Initial Closing Date. The total amount of indebtedness and other obligations secured hereby may decrease or increase from time to time, but the total unpaid balance so secured at any one time shall not exceed $65,000,000 30,000,000.00, plus interest and Holder Yield thereon, and any disbursements made for the payment of taxes, levies or insurance on the Properties, with interest on such disbursements.
Appears in 1 contract
Sources: Lease Agreement (Convergys Corp)