Base Rentals means that portion of the rentals payable under the Master Lease which is pledged to the payment of debt service on the Bonds and to the replenishment of the Debt Service Reserve Fund under the Indenture.

Base Rentals means the payments payable by the County during the Lease Term pursuant to Section 6.02 of this Lease and as set forth in Exhibit B which constitute the payments payable by the County for and in consideration of the right to use the Leased Property during the Lease Term. In the event that Exhibit B sets forth separate schedules of Base Rentals payable with respect to one or more separate portions of the Leased Property, such payments will be combined for purposes of Section 6.02, but may be treated as separate schedules for other purposes of this Lease.

Base Rentals means the rental payments payable by the Town during the Lease Term, which constitute payments payable by the Town for and in consideration of the right to possess and use the Leased Property as set forth in Exhibit C (Base Rentals Schedule) hereto. Base Rentals does not include Additional Rentals.

Examples of Base Rentals in a sentence

The terms and conditions during any Renewal Term shall be the same as the terms and conditions during the Original Term, except that the Base Rentals and Purchase Option Price shall be as otherwise provided herein.
If at any time the amounts held by the Authority in the Bond Fund and the Reserve Fund (other than moneys held for the payment of Bonds not deemed Outstanding) shall be sufficient to pay at the times required the principal of and interest and redemption premium, if any, on all of the Bonds (including any Additional Bonds and Refunding Bonds) then Outstanding, the County shall not be obligated to pay any further Base Rentals hereunder.
Additional Bonds may be issued by the Authority in accordance with the provisions of Section 3.10 of the Master Resolution and with a corresponding effect on the Base Rentals and Additional Rentals due hereunder.
To secure the payment of all of the obligations of the Authority under the Master Resolution, the Authority shall grant to the Bondholders a security interest in the Project, the Base Rentals and Additional Rentals received by the Authority under this Lease, and all other rights to receive payments.
Base Rentals due at least fifteen (15) days prior to any Bond payment date shall be in consideration for the use of the Project by the County during the one-year period succeeding each Bond payment date and for the option to purchase the Project granted herein.

More Definitions of Base Rentals

Base Rentals means the rental payments payable by the District during the Lease Term, which constitute payments payable by the District for and in consideration of the right to possess and use the Leased Property as set forth in Exhibit C (Base Rentals Schedule) hereto. Base Rentals does not include Additional Rentals.

Base Rentals means the payments payable by the Lessee which constitute the principal component and interest component of Lease Rental Payments hereunder and other amounts set forth in Exhibit B.

Base Rentals means the payments payable by the Town during the Lease Term pursuant to Section 6.02 of this Financing Lease and as set forth in Exhibit B, as it may be amended hereunder from time to time, which constitute the payments payable by the Town for and in consideration of the right to use the Leased Property during the Lease Term.

Base Rentals means the payments payable by the City exclusively from City Funds pursuant to Section6.2 of this Lease during the Original Term and any applicable Renewal Term hereof (as those terms are hereinafter defined), which constitute the payments payable by the City for and in consideration of the right of use of the Equipment during such Original Term and applicable Renewal Terms and the purchase option granted herein.

Base Rentals means payments pursuant to Section 7 hereof for and in consideration of the right to use the Leased Property.

Base Rentals is defined in the Lease. “Board” is defined in the Lease.