Additional Payments definition
Examples of Additional Payments in a sentence
Subject to the provisions of Section 4.7 hereof, the Town shall pay as Additional Payments (i) the periodic fees and reasonable expenses from time to time of the Trustee and any paying agent or registrar incurred in administering the Trust Agreement and the Bonds, and (ii) any reasonable expenses (including reasonable attorneys’ fees, costs and expenses) incurred by the Corporation or the Trustee to compel full and punctual performance of this Facilities Agreement in accordance with the terms hereof.
In the event the Town fails to deliver possession of the Corporation Facilities or any part thereof at the time required under Section 2.4 hereof, the Town shall be liable for the payment of Acquisition Payments, including Additional Payments, for successive six month periods commencing on the Bond Payment Date following the last due date of Base Payments hereunder until the Town delivers possession of the Corporation Facilities to the Corporation.