Common use of Additional Rental Payments Clause in Contracts

Additional Rental Payments. Each of the Lessees may elect, at its sole discretion, to pay or cause to be paid, additional rentals to enable the Lessor to redeem or purchase Bonds prior to maturity. The Fixed Annual Rentals shall be reduced to the extent such payments are allocable to the Bonds redeemed or purchased by the Lessor with such additional rentals.

Appears in 4 contracts

Samples: Garage Lease, Garage Lease, Garage Lease

AutoNDA by SimpleDocs

Additional Rental Payments. Each of the Lessees The Lessee may elect, at its sole discretion, to pay or cause to be paid, additional rentals to enable the Lessor to redeem or purchase Bonds prior to maturity. The Fixed Annual Rentals shall be reduced to the extent such payments are allocable to the Bonds redeemed or purchased by the Lessor with such additional rentals.

Appears in 4 contracts

Samples: Garage Lease, Garage Lease, Garage Lease

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!