Additional Lease Payments. Additional Lease Payments with respect to the Series 2006A Certificates consist of a pro rata portion of the following amounts paid or to be paid with respect to both the Series 2006-1 Lease and Series 2006-2 Lease, except as otherwise provided herein, by the School Board on the following dates: 1. Trustee Fees: Annual fee of $5,000 payable annually in advance. 2. Trustee Expenses: Expenses billed at cost. Legal fee for Trustee’s counsel at closing of $5,000. Thereafter, reasonable costs and expenses pursuant to the Master Lease or Trust Agreement. 3. Credit Facility Issuer Payment: $617,260.53 paid to the Series 2006 Credit Facility Issuer upon issuance of the Series 2006A Certificates, and $227,220.11 to be paid to the Series 2006 Credit Facility Issuer upon issuance of the Series 2006B Certificates. 4. Liquidity Provider Payments: While a Liquidity Facility credit enhances any Series 2006B Certificates, any payments not included as Basic Lease Payments, as set forth in an agreement with the provider of such Liquidity Facility.
Appears in 2 contracts
Samples: Master Lease Purchase Agreement, Master Lease Purchase Agreement
Additional Lease Payments. Additional Lease Payments with respect to the Series 2006A 2006 Certificates consist of a pro rata portion of the following amounts paid or to be paid with respect to both the Series 2006-1 Lease and Series 2006-2 Lease, except as otherwise provided herein, by the School Board on the following dates:
1. Trustee Fees: Annual fee of $5,000 payable annually in advance.
2. Trustee Expenses: Expenses billed at cost. Legal fee for Trustee’s counsel at closing of $5,000. Thereafter, reasonable costs and expenses pursuant to the Master Lease or Trust Agreement.
3. Credit Facility Issuer Payment: $617,260.53 paid to the Series 2006 Credit Facility Issuer upon issuance of the Series 2006A Certificates, and $227,220.11 to be paid to the Series 2006 Credit Facility Issuer upon issuance of the Series 2006B Certificates.
4. Liquidity Provider Payments: While a Liquidity Facility credit enhances any Series 2006B Certificates, any payments not included as Basic Lease Payments, as set forth in an agreement with the provider of such Liquidity Facility.
Appears in 2 contracts
Samples: Schedule 2006 2, Schedule 2006 1