Common use of Additional Rental Payments Clause in Contracts

Additional Rental Payments. The City shall also pay, as Additional Rental Payments, such amounts as shall be required for the payment of the following: (a) all taxes and assessments of any type or nature charged to the Authority or the City or affecting the Leased Premises or the respective interests or estates of the Authority or the City therein; (b) all reasonable administrative costs of the Authority relating to the Leased Premises including, but without limiting the generality of the foregoing, salaries, wages, fees and expenses, compensation and indemnification of the Trustee payable by the Authority under the Indenture, fees of auditors, accountants, attorneys or engineers, the cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer or exchange of Bonds, and all other necessary and reasonable administrative costs of the Authority or charges required to be paid by it in order to maintain its existence or to comply with the terms of the Site Lease, the Indenture or this Lease Agreement or to defend the Authority and its members, officers, agents and employees; (c) insurance premiums for all insurance required pursuant to Article V; (d) any amounts with respect to this Lease Agreement or the Bonds required to be rebated to the federal government in accordance with section 148(f) of the Code; and (e) all other payments required to be paid by the City in connection with the Leased Premises under the provisions of this Lease Agreement or amounts payable by the City pursuant to the Indenture. Amounts constituting Additional Rental Payments payable hereunder shall be paid by the City directly to the person or persons to whom such amounts shall be payable. The City shall pay all such amounts when due or at such later time as such amounts may be paid without penalty or, in any other case, within 60 days after notice in writing from the Trustee to the City stating the amount of Additional Rental Payments then due and payable and the purpose thereof.

Additional Rental Payments. The City Company shall also from time to time pay, as Additional Rental Payments, within thirty (30) days of receipt of written demand therefor from the person entitled to payment thereof, an amount sufficient to pay the following costs and expenses to the extent such amounts as shall be required for costs and expenses are not paid from the payment proceeds of the followingBaulk Loan or the Facility Loan: (a1) all taxes The fees and assessments other costs incurred for services of any type such engineers, architects, attorneys, and independent accountants as are employed to make examinations, opinions, and reports required under, or nature charged to the Authority or the City or affecting the Leased Premises or the respective interests or estates of the Authority or the City thereincontemplated by, this Lease; (b2) all reasonable administrative costs of the Authority relating to the Leased Premises including, but without limiting the generality of the foregoing, salaries, wages, The fees and expensesother costs, compensation and indemnification of the Trustee payable by the Authority not otherwise paid under the Indenturethis Lease, fees of auditors, accountants, attorneys or engineers, the cost of printing Bonds and any services rendered or expenses incurred by the Trustee Issuer by reason of its leasing of the Project or in connection with any transfer or exchange of Bondsits administration and enforcement of, and all other necessary and reasonable administrative costs of the Authority or charges required to be paid by it in order to maintain its existence or to comply with the terms of the Site compliance with, this Lease, the Indenture or this Lease Agreement or to defend the Authority and its members, officers, agents and employees; (c) insurance premiums for all insurance required pursuant to Article V; (d) any amounts with respect to this Lease Agreement or the Bonds required to be rebated to the federal government in accordance with section 148(f) of the Code; and (e) all other payments required to be paid by the City otherwise in connection with the Leased Premises Project; and, (3) All amounts advanced by the Issuer under authority of this Lease or otherwise and which the Company is obligated to repay. The Issuer hereby directs the Company to make the Basic Rental Payments (i) under subsection (a)(1) to the Bank for payment of the Bank Loan, and such payments shall be made in a timely manner so that the Issuer can comply with the provisions of this Lease Agreement or amounts payable by the City pursuant Bank Loan Documents, and (ii) under subsection (a)(2) to the Indenture. Amounts constituting Additional Rental Payments payable hereunder Lender for payment of the Facility Loan, and such payments shall be paid by made in a timely manner so that the City directly to Issuer can comply with the person or persons to whom such amounts shall be payableprovisions of the Facility Loan Documents. The City shall pay all such amounts when due or at such later time as such amounts may be paid without penalty or, in any other case, within 60 days after notice in writing from the Trustee to the City stating the amount Payments of Additional Rental Payments then due and payable shall be made by the Company directly to the persons entitled to such payment. In the event the Company shall fail to make any payment required by this Section, the payment so in default shall continue as an obligation hereunder of the Company until the amount in default shall have been fully paid, and the purpose thereofCompany shall pay, or cause to be paid, the same with interest thereon from the date of default until so paid at a rate per annum equal to twelve percent (12%) or the maximum rate of interest allowable by applicable law, whichever is less. The Company shall make the payments required by this Section without any further notice thereof except as may be specifically required by this Section.

Additional Rental Payments. The City shall also pay, as Additional Rental Payments, such amounts as shall be required for the payment of the following: (a) all taxes and assessments of any type or nature charged pay to the Authority or the City or affecting Trustee, as the Leased Premises case may be, as Additional Rental Payments hereunder (in addition to the foregoing Base Rental Payments) all such amounts in each year as shall be required by the Authority or the respective interests Trustee for the payment of all costs and expenses incurred by the Authority or estates the Trustee in connection with the performance, enforcement or amendment of the Amendment to Master Project Lease, including but not limited to payment of all fees and expenses of the Authority or the City therein; (b) all reasonable administrative costs Trustee in connection with the lease of the Authority relating Project to the Leased Premises includingCity, but without limiting the generality together with all salaries and wages of the foregoingemployees, salaries, wages, fees and all expenses, compensation and indemnification of the Trustee payable by the Authority under the Indenture, all fees of auditors, accountants, attorneys or engineers, the cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer or exchange of Bondsall insurance premiums, all taxes and all other necessary and reasonable administrative costs of the Authority or charges required to be paid by it in order to maintain its existence or to comply with the terms of the Site Lease, Bonds or the Indenture or this Lease Agreement or hereof. Such Additional Rental Payments shall be billed to defend the City by the Authority and its members, officers, agents and employees; (c) insurance premiums for all insurance required pursuant to Article V; (d) any amounts with respect to this Lease Agreement or the Bonds required to be rebated to the federal government in accordance with section 148(f) of the Code; and (e) all other payments required to be paid by the City in connection with the Leased Premises under the provisions of this Lease Agreement or Trustee from time to time, and all amounts so billed shall be due and payable by the City pursuant to the IndentureAuthority or the Trustee, as designated in the xxxx to the City, within thirty (30) days after receipt of the xxxx by the City. Amounts constituting The City reserves the right to audit xxxxxxxx for Additional Rental Payments payable hereunder although exercise of such right shall be paid by in no way affect the duty of the City directly to the person or persons to whom such amounts shall be payable. The City shall pay make full and timely payment for all such amounts when due or at such later time as such amounts may be paid without penalty or, in any other case, within 60 days after notice in writing from the Trustee to the City stating the amount of Additional Rental Payments then due and payable and the purpose thereofPayments.

Additional Rental Payments. (a) The City shall also pay, or cause to be paid, to the Authority, the Trustee and/or any other Person entitled thereto, as Additional Rental Payments, solely from the Account Collateral and the Gross Revenues available therefor, such amounts as shall be required for the payment of the following: (ai) all taxes and assessments of any type or nature charged to the Authority or the City or affecting the Leased Premises Property or the respective interests or estates of the Authority or the City therein; (bii) all reasonable administrative costs of the Authority relating to the Leased Premises Property including, but without limiting the generality of the foregoing, salaries, wages, fees and expenses, compensation and indemnification of the Trustee payable by the Authority under the Indenture, fees of auditors, accountants, attorneys or engineers, the cost of printing Bonds and any services rendered or expenses incurred by the Trustee in connection with any transfer or exchange of Bonds, and all other necessary and reasonable administrative costs of the Authority or charges required to be paid by it in order to maintain its existence or to comply with the terms of the Site Lease, the Indenture or this Lease Agreement or to defend the Authority and its members, officers, agents and employees; (ciii) all costs, charges, expenses, fees, indemnities and other amounts required to be paid by the Authority in order to comply with the terms of the Indenture and the other Financing Documents to which it is a party; (iv) insurance premiums for all insurance required pursuant to Article VV hereof; (dv) any amounts with respect to this Lease Agreement or the any Bonds issued on a tax-exempt basis required to be rebated to the federal government in accordance with section Section 148(f) of the Code; and (evi) all other payments required to be paid by the City in connection with the Leased Premises under the provisions of this Lease Agreement or amounts payable by Agreement, the City pursuant Indenture and the other Financing Documents to the Indenture. which it is a party. (b) Amounts constituting Additional Rental Payments payable hereunder shall be paid by the City directly to the Authority, the Trustee and/or the other person or persons to whom such amounts shall be payable. The City shall pay all such amounts when due or at such later time as such amounts may be paid without penalty or, in any other case, within 60 thirty (30) days after notice in writing from the Trustee to the City stating the amount of Additional Rental Payments then due and payable and the purpose thereof.