Common use of Additional Rental Clause in Contracts

Additional Rental. The City shall also pay, as rental hereunder in addition to the Base Rental Payments, to the Corporation or the Trustee, as hereinafter provided, such amounts (“Additional Rental”) in each year as shall be required for the payment of all costs and expenses incurred by the Corporation in connection with the execution, performance or enforcement of this Sublease or the assignment hereof, the Trust Agreement or their respective interests in the Leased Property and the lease of the Leased Property by the Corporation to the City hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation relating to the Leased Property including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the Trustee, fees of auditors, accountants, attorneys or engineers, insurance premiums, and all other reasonable and necessary administrative costs of the Corporation or charges required to be paid by it to comply with the terms of the Certificates or of the Trust Agreement. The foregoing Additional Rental shall be billed to the City by the Corporation or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the Corporation, the Trustee, or the Trustee on behalf of the Corporation for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. The Corporation may issue bonds and may enter into leases to finance facilities other than the Project. The administrative costs of the Corporation shall be allocated among said facilities and the Project, as hereinafter in this paragraph provided. Any taxes levied against the Corporation with respect to the Leased Property, the fees of the Trustee under the Trust Agreement, and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owing. Any taxes levied against the Corporation with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing bonds of the Corporation or any trust agreement other than the Trust Agreement, and any other expenses directly attributable to any facilities other than the Project shall not be included in the administrative costs of the Project and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation not directly attributable to any particular project of the Corporation shall be equitably allocated among all such projects, including the Project, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate of the Corporation in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the Project.

Appears in 2 contracts

Samples: Sublease, Sublease

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Additional Rental. The City (a) Tenant shall also paypay to Landlord as Additional Rent an amount equal to One Hundred (100%) percent of any and all real estate taxes assessed against the Demised Premises and which are due and payable during the Lease Term ("Real Estate Taxes"), as rental hereunder or any tax levied against the Demised Premises and payable during the Lease Term which is in addition substitution or in lieu of Real Estate Taxes which pertain solely to the Base Rental PaymentsDemised Premises ("Additional Rent"). In the event Real Estate Taxes are abated during the Lease Term which result in Real Estate Taxes below the amount paid by Tenant hereunder for any tax period, the abatement shall either (i) be credited to Tenant for the next applicable tax period or (ii) to the Corporation or extent no Additional Rent is subject to such reduction, be returned to Tenant at the Trustee, as hereinafter provided, time such amounts (“Additional Rental”) in each year as Rent would be payable. Such Additional Rent shall be required payable by Tenant directly to the applicable taxing authority prior to delinquency. Such Additional Rent shall be pro rated for any portion of the payment first or last year of the Lease Term, during which Tenant shall occupy the Demised Premises for less than a full fiscal tax year. The terms "Rent" or "Rents" as used throughout this Lease shall collectively refer to Minimum Basic Rent and Additional Rent. (b) Tenant shall also pay and be responsible for all costs and expenses actually incurred by the Corporation in connection Tenant with the execution, performance or enforcement of this Sublease or the assignment hereof, the Trust Agreement or their respective interests in the Leased Property and the lease of the Leased Property by the Corporation respect to the City hereunder, Demised Premises including but not limited to all feesthe following: electricity, costs gas, water, sewerage, striping, lighting, patching and expenses and all administrative costs resurfacing of the Corporation relating to the Leased Property includingparking areas, without limiting the generality of the foregoingwindow cleaning, salaries and wages of employeesbuilding supplies, overheadsnow removal, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the Trustee, fees of auditors, accountants, attorneys or engineers, insurance premiumsrubbish removal, and all other reasonable and necessary administrative costs of the Corporation or charges required to be paid by it to comply expenses customarily incurred in connection with the terms operation and maintenance of the Certificates or of the Trust Agreement. The foregoing Additional Rental shall be billed to the City by the Corporation or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the Corporation, the Trustee, or the Trustee on behalf of the Corporation for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. The Corporation may issue bonds and may enter into leases to finance facilities other than the Project. The administrative costs of the Corporation shall be allocated among said facilities and the Project, as hereinafter in this paragraph provided. Any taxes levied against the Corporation with respect to the Leased Property, the fees of the Trustee under the Trust Agreement, and any other expenses directly attributable to the Leased Property shall be included similar buildings in the Additional Rental payable hereunder to the parties to whom Metropolitan Boston area. Tenant shall contract directly with such amounts are owing. Any taxes levied against the Corporation with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing bonds of the Corporation or any trust agreement other than the Trust Agreement, service providers and any other expenses directly attributable to any facilities other than the Project shall not be included in the administrative costs of the Project and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation not directly attributable to any particular project of the Corporation shall be equitably allocated among all such projects, including the Project, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate of the Corporation in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the Projectvendors.

Appears in 1 contract

Samples: Lease Agreement (AdvanSource Biomaterials Corp)

Additional Rental. The City Lessee shall also pay, pay as rental Additional Rental Payments hereunder in addition to the foregoing Base Rental Payments, to the Corporation or the Trustee, as hereinafter provided, Lessor such amounts (herein called the "Additional Rental”Rental Payments") in each year as shall be required by Lessor for the payment of all any costs and expenses (including, without limitation, attorneys' fees) incurred by the Corporation in connection with Lessor for the execution, performance or enforcement of this Sublease or the assignment hereofa Lease Agreement, the Trust Agreement or their respective interests in the Leased Property and the lease of the Leased Property by the Corporation and Equipment to the City Lessee, indemnification of Lessor, insurance premiums not otherwise paid hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation relating to the Leased Property including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the Trustee, fees of auditors, accountants, attorneys or engineers, insurance premiums, and all other reasonable and necessary administrative costs of the Corporation or charges amounts required to be paid by it pursuant to comply Section 8.02 hereof including any costs associated with the terms maintenance of the Certificates or said Property and Equipment and performance of the Trust any of Lessee's obligations under a Lease Agreement. The foregoing Additional Rental shall not include Lessor's separate expenses associated with its management of a Lease Agreement or costs incurred as a result of assignment or re-assignment of a Lease Agreement, auditing in connection with Lessor’s Federal or State Tax requirements or other expenses not assessable solely against the requirements of such Lease Agreement. Additional Rental if incurred by Lessor, shall be billed to the City Lessee by the Corporation or the Trustee Lessor from time to time, together with a statement certifying that the amount so billed has been incurred or paid by the Corporation, the Trustee, or the Trustee on behalf of the Corporation Lessor for one or more of the items above described, or that such amount is then so payable for such itemsby Lessee within thirty (30) days after receipt of the xxxx by Lessee. Amounts so billed shall be paid due and payable by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, Lessee within 30 days after receipt of a the xxxx by Lessee. Such payments of Base Rental and Additional Rental for each rental payment period during the City term of a Lease Agreement shall constitute the total rental for such amountsrental payment period, and shall be paid by Lessee in each rental period, commencing on the Commencement and continuing through the Lease Term. The Corporation may issue bonds parties hereto have agreed and may enter into leases determined that such total rental represents the fair rental value of the Property and Equipment. In making such determination, consideration has been given to finance facilities other than the Project. The administrative costs of the Corporation acquisition and installation of the Property and Equipment to be financed by Lessor, other obligations of the parties under a Lease Agreement, the uses and purposes which may be served by the Property and Equipment and the benefits there from which will accrue to Lessee and the general public. Each installment of rental payable hereunder shall be allocated among said facilities and the Project, as hereinafter paid in this paragraph provided. Any taxes levied against the Corporation with respect to the Leased Property, the fees lawful money of the Trustee under United States of America to or upon the Trust Agreementorder of Lessor at such place as is designated by Lessor. To the extent permitted by law, any such installment of rental accruing hereunder, including the interest and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owing. Any taxes levied against the Corporation with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing bonds principal components of the Corporation or any trust agreement other than the Trust AgreementBase Rental and Additional Rental, and any other expenses directly attributable to any facilities other than the Project shall not be included in the administrative costs of the Project and which shall not be paid when due, shall bear interest at the rate of twelve per cent (12%) per annum from the Additional Rental payable hereunder. Any expenses of date when the Corporation not directly attributable to any particular project of same is due hereunder until the Corporation same shall be equitably allocated among paid. Notwithstanding any dispute between Lessee and Lessor, any Vendor or any other person and except as set forth in Section 6.05, Lessee shall make all such projects, including the Project, in accordance with sound accounting practice. In the event Rental Payments when due without deduction or offset of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate of the Corporation in making any determination that costs are payable as Additional Rental hereunder, kind and shall not be required to make withhold any investigation as to whether or not Rental Payments pending the items so requested to be paid are expenses final resolution of operation of the Projectsuch dispute.

Appears in 1 contract

Samples: Master Lease/Purchase Agreement

Additional Rental. The City (a) Operating Expenses for the Demised Premises shall also paybe charged and paid by Tenant as set forth in the Lease, except that the Operating Expense “stop” shall be, under this Second Amendment and from and after the Effective Date, the actual Operating Expenses for the Building, for Calendar Year 2006, per square foot of Rentable Floor Area, per annum basis. Therefore, Tenant’s payment of said Operating Expenses during the Second Extended Term shall begin as rental hereunder of and shall be due from and after January 1, 2007. (b) Notwithstanding the above, Tenant’s obligation to pay Tenant’s Share of Operating Expenses shall be limited such that the calculation of Operating Expenses for any year shall not exceed by five percent (5.0%) or more the Operating Expenses for the prior year (or the Operating Expense “stop”, respectively); provided, however, and notwithstanding the above limitation, that for the purposes of determining whether or not the aforesaid limit on increases in addition Tenant’s Share of Operating Expenses from year to year is exceeded or not, the components of Operating Expenses related to taxes and assessments attributable to the Base Rental PaymentsProperty or Building or its operation, utilities costs to the Corporation Building, Property or the TrusteeDemised Premises, as hereinafter provided, such amounts (“Additional Rental”) costs arising out of or in each year as shall be required for the payment of all costs connection with new or revised governmental regulations and expenses incurred by the Corporation insurance premiums related to or payable in connection with the executionBuilding, performance Property or enforcement of this Sublease or the assignment hereof, the Trust Agreement or their respective interests in the Leased Property and the lease of the Leased Property by the Corporation to the City hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation relating to the Leased Property including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the Trustee, fees of auditors, accountants, attorneys or engineers, insurance premiums, and all other reasonable and necessary administrative costs of the Corporation or charges required to be paid by it to comply with the terms of the Certificates or of the Trust Agreement. The foregoing Additional Rental shall be billed to the City by the Corporation or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the Corporation, the Trustee, or the Trustee on behalf of the Corporation for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. The Corporation may issue bonds and may enter into leases to finance facilities other than the Project. The administrative costs of the Corporation shall be allocated among said facilities and the Project, as hereinafter in this paragraph provided. Any taxes levied against the Corporation with respect to the Leased Property, the fees of the Trustee under the Trust Agreement, and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owing. Any taxes levied against the Corporation with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing bonds of the Corporation or any trust agreement other than the Trust Agreement, and any other expenses directly attributable to any facilities other than the Project Demised Premises shall not be included considered or factored in to such determination, and there shall be no limit on the amounts of Operating Expenses related to such taxes, utilities, governmental regulations and insurance premiums for the Building, Property or Demised Premises that can be passed on by Landlord to Tenant or that shall be due of Tenant at any time and from year to year, except as otherwise expressly provided for in the administrative costs of the Project and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation not directly attributable to any particular project of the Corporation shall be equitably allocated among all such projects, including the Project, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate of the Corporation in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the ProjectLease.

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Fund Vi L P)

Additional Rental. The City shall also pay, as rental hereunder in addition to the Base Rental Payments, to the Corporation Authority or the Trustee, as hereinafter provided, such amounts (“Additional Rental”) amounts, if any, in each year as shall be required for the payment of all costs and expenses incurred by the Corporation Authority in connection with the execution, performance or enforcement of the Expansion Lease or this Sublease Facility Lease or the assignment hereof, hereof pursuant to the Trust Agreement Indenture or their the respective interests in the Leased Property and the lease of the Leased Property by the Corporation Authority to the City hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation Authority relating to the Leased Property including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the TrusteeTrustee (to the extent not paid or otherwise provided for out of the proceeds of the sale of the Bonds), fees of auditors, accountants, attorneys or engineers, insurance premiums, rebate amounts payable to the United States pursuant to the Tax Agreement, and all other reasonable and necessary administrative costs of the Corporation Authority or charges required to be paid by it to comply with the terms of the Certificates Bonds or of the Trust Agreement. Indenture, or otherwise incurred in connection with the administration hereof or thereof. (i) The foregoing Additional Rental Rental, if any, shall be billed to the City by the Corporation Authority or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the CorporationAuthority, the Trustee, Trustee or the Trustee on behalf of the Corporation Authority, for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. . (ii) The Corporation Authority may issue bonds and may enter into leases to finance facilities other than the ProjectLeased Property. The administrative costs of the Corporation Authority shall be allocated among said facilities and the ProjectLeased Property, as hereinafter in this paragraph provided. Any taxes levied against the Corporation Authority with respect to the Leased Property, the fees of the Trustee under the Trust AgreementTrustee, and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owinghereunder. Any taxes levied against the Corporation Authority with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing other bonds of the Corporation Authority or any trust agreement or indenture other than the Trust AgreementIndenture, and any other expenses directly attributable to any facilities other than the Project Leased Property, shall not be included in the administrative costs of the Project Leased Property and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation Authority not directly attributable to any particular project of the Corporation Authority shall be equitably allocated among all such projects, including the ProjectLeased Property, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation Authority to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate certificate of the Corporation Authority in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the ProjectLeased Property.

Appears in 1 contract

Samples: Facility Lease

Additional Rental. The City shall also paypay to the Authority (but only after payment of Base Rental), as rental Additional Rental hereunder in addition to the Base Rental Payments, to the Corporation or the Trustee, as hereinafter provided, such amounts (“Additional Rental”) in each year as shall be required by the Authority for the payment of all costs and expenses incurred by the Corporation in connection with following: (a) All taxes, assessments or governmental charges of any type or nature charged to the execution, performance Authority or enforcement of this Sublease affecting the Project or the assignment hereof, the Trust Agreement or their respective interests in the Leased Property and the lease or estates of the Leased Property by Authority or the Corporation City therein, or affecting the amount available to the City hereunderAuthority from rentals received hereunder for the retirement of the Bonds (including taxes, including but not limited assessments or governmental charges assessed or levied by any governmental agency or district having power to all feeslevy taxes, costs and expenses and all assessments or governmental charges). (b) All reasonable administrative costs of the Corporation Authority relating to the Leased Property Project including, but without limiting the generality of the foregoing, salaries and wages of employeessalaries, overheadwages, insurance premiums, taxes and assessments (if any), all expenses, compensation and indemnification of the TrusteeTrustee payable by the Authority under the Trust Agreement, fees of auditors, accountants, attorneys or engineers, insurance premiums, and all other necessary and reasonable and necessary administrative costs of the Corporation Authority or charges required to be paid by it in order to maintain its existence or to comply with the terms of the Certificates Bonds or of the Trust Agreement or to defend the Authority and its members, officers, agents and employees. (c) Insurance premiums for all insurance required pursuant to Article VI of this Project Lease and not obtained by the City. (d) Amounts, if any, required to be rebated by the Authority to the United States of America pursuant to Section 6.20(b) of the Trust Agreement. (e) Amounts, if any, required to replenish the amounts on deposit in the Reserve Fund to the Reserve Requirement, but only to the extent that the payment of such amount shall not cause the amount of Base Rental and Additional Rental paid in any Lease Year to exceed the fair rental value of the Project. The foregoing Such Additional Rental shall be billed to the City by the Corporation Authority or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the Corporation, the Trustee, Authority or by the Trustee on behalf of the Corporation Authority, for one or more of the items above described, or that such amount is then so payable by the Authority or the Trustee for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 sixty (60) days after receipt of a the xxxx by the City for such amounts. The Corporation may issue bonds and may enter into leases to finance facilities other than the Project. The administrative costs of the Corporation shall be allocated among said facilities and the Project, as hereinafter in this paragraph provided. Any taxes levied against the Corporation with respect to the Leased Property, the fees of the Trustee under the Trust Agreement, and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owing. Any taxes levied against the Corporation with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing bonds of the Corporation or any trust agreement other than the Trust Agreement, and any other expenses directly attributable to any facilities other than the Project shall not be included in the administrative costs of the Project and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation not directly attributable to any particular project of the Corporation shall be equitably allocated among all such projects, including the Project, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate of the Corporation in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the ProjectCity.

Appears in 1 contract

Samples: Project Lease

Additional Rental. The City (a) Tenant shall also paypay to Landlord as Additional Rent an amount equal to One Hundred (100%) percent of any and all real estate taxes assessed against the Demised Premises and which are due and payable during the Lease Term (“Real Estate Taxes”), as rental hereunder or any tax levied against the Demised Premises and payable during the Lease Term which is in addition substitution or in lieu of Real Estate Taxes which pertain solely to the Base Rental Payments, to the Corporation or the Trustee, as hereinafter provided, such amounts Demised Premises (“Additional RentalRent). In the event Real Estate Taxes are abated during the Lease Term which result in Real Estate Taxes below the amount paid by Tenant hereunder for any tax period, the abatement shall either (i) in each year as be credited to Tenant for the next applicable tax period or (ii) to the extent no Additional Rent is subject to such reduction, be returned to Tenant at the time such Additional Rent would be payable. Such Additional Rent shall be required payable by Tenant directly to the applicable taxing authority within twenty (20) days after Tenant is furnished with a copy of the then current tax xxxx or estimated tax xxxx. Such Additional Rent shall be pro rated for any portion of the payment first or last year of the Lease Term, during which Tenant shall occupy the Demised Premises for less than a full fiscal tax year. The terms “Rent” or “Rents” as used throughout this Lease shall collectively refer to Minimum Basic Rent and Additional Rent. (b) Tenant shall also pay and be responsible for all costs and expenses actually incurred by the Corporation in connection Tenant with the execution, performance or enforcement of this Sublease or the assignment hereof, the Trust Agreement or their respective interests in the Leased Property and the lease of the Leased Property by the Corporation respect to the City hereunder, Demised Premises including but not limited to all feesthe following: electricity, costs gas, water, sewerage, striping, lighting, patching and expenses and all administrative costs resurfacing of the Corporation relating to the Leased Property includingparking areas, without limiting the generality of the foregoingwindow cleaning, salaries and wages of employeesbuilding supplies, overheadsnow removal, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the Trustee, fees of auditors, accountants, attorneys or engineers, insurance premiumsrubbish removal, and all other reasonable and necessary administrative costs of the Corporation or charges required to be paid by it to comply expenses customarily incurred in connection with the terms operation and maintenance of the Certificates or of the Trust Agreement. The foregoing Additional Rental shall be billed to the City by the Corporation or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the Corporation, the Trustee, or the Trustee on behalf of the Corporation for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. The Corporation may issue bonds and may enter into leases to finance facilities other than the Project. The administrative costs of the Corporation shall be allocated among said facilities and the Project, as hereinafter in this paragraph provided. Any taxes levied against the Corporation with respect to the Leased Property, the fees of the Trustee under the Trust Agreement, and any other expenses directly attributable to the Leased Property shall be included similar buildings in the Additional Rental payable hereunder to the parties to whom Metropolitan Boston area. Tenant shall contract directly with such amounts are owing. Any taxes levied against the Corporation with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing bonds of the Corporation or any trust agreement other than the Trust Agreement, service providers and any other expenses directly attributable to any facilities other than the Project shall not be included in the administrative costs of the Project and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation not directly attributable to any particular project of the Corporation shall be equitably allocated among all such projects, including the Project, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate of the Corporation in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the Projectvendors.

Appears in 1 contract

Samples: Lease Agreement (Great Lakes Dredge & Dock CORP)

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Additional Rental. The City shall also pay, as rental hereunder in addition to the Base Rental Payments, to the Corporation Authority or the Trustee, as hereinafter provided, such amounts (“Additional Rental”) amounts, if any, in each year as shall be required for the payment of all costs and expenses incurred by the Corporation Authority in connection with the execution, performance or enforcement of the Site Lease or this Sublease Lease or the assignment hereof, hereof pursuant to the Trust Agreement Indenture or their the respective interests in the Leased Property and the lease of the Leased Property by the Corporation Authority to the City hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation Authority relating to the Leased Property including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the TrusteeTrustee (to the extent not paid or otherwise provided for out of the proceeds of the sale of the Bonds), fees of auditors, accountants, attorneys or engineers, insurance premiums, rebate amounts payable to the United States pursuant to the Tax Agreement, and all other reasonable and necessary administrative costs of the Corporation Authority or charges required to be paid by it to comply with the terms of the Certificates Bonds or of the Trust Agreement. Indenture, or otherwise incurred in connection with the administration hereof or thereof. (i) The foregoing Additional Rental Rental, if any, shall be billed to the City by the Corporation Authority or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the CorporationAuthority, the Trustee, Trustee or the Trustee on behalf of the Corporation Authority, for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx bill by the City for such amounts. . (ii) The Corporation Authority may issue bonds and may enter into leases to finance facilities other than the ProjectLeased Property. The administrative costs of the Corporation Authority shall be allocated among said facilities and the ProjectLeased Property, as hereinafter in this paragraph provided. Any taxes levied against the Corporation Authority with respect to the Leased Property, the fees of the Trustee under the Trust AgreementTrustee, and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owinghereunder. Any taxes levied against the Corporation Authority with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing other bonds of the Corporation Authority or any trust agreement or indenture other than the Trust AgreementIndenture, and any other expenses directly attributable to any facilities other than the Project Leased Property, shall not be included in the administrative costs of the Project Leased Property and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation Authority not directly attributable to any particular project of the Corporation Authority shall be equitably allocated among all such projects, including the ProjectLeased Property, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation Authority to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate certificate of the Corporation Authority in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the ProjectLeased Property.

Appears in 1 contract

Samples: Master Facilities Lease

Additional Rental. The City shall also pay, as rental hereunder in addition to the Base Rental Payments, to the Corporation Authority or the Trustee, as hereinafter provided, such amounts (“Additional Rental”) amounts, if any, in each year as shall be required for the payment of all costs and expenses incurred by the Corporation Authority in connection with the execution, performance or enforcement of the Site Lease or this Sublease Lease or the assignment hereof, hereof pursuant to the Trust Agreement Indenture or their the respective interests in the Leased Property Premises and the lease of the Leased Property Premises by the Corporation Authority to the City hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation Authority relating to the Leased Property Premises including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the TrusteeTrustee (to the extent not paid or otherwise provided for out of the proceeds of the sale of the Bonds), fees of auditors, accountants, attorneys or engineers, insurance premiums, rebate amounts payable to the United States pursuant to the Tax Certificate, and all other reasonable and necessary administrative costs of the Corporation Authority or charges required to be paid by it to comply with the terms of the Certificates Bonds or of the Trust Agreement. Indenture, or otherwise incurred in connection with the administration hereof or thereof. (1) The foregoing Additional Rental Rental, if any, shall be billed to the City by the Corporation Authority or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the CorporationAuthority, the Trustee, Trustee or the Trustee on behalf of the Corporation Authority, for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. . (2) The Corporation Authority may issue bonds and may enter into leases to finance facilities other than the ProjectLeased Premises. The administrative costs of the Corporation Authority shall be allocated among said facilities and the ProjectLeased Premises, as hereinafter in this paragraph provided. Any taxes levied against the Corporation Authority with respect to the Leased PropertyPremises, the fees of the Trustee under the Trust AgreementTrustee, and any other expenses directly attributable to the Leased Property Premises shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owinghereunder. Any taxes levied against the Corporation Authority with respect to real property other than the Leased PropertyPremises, the fees of any trustee or paying agent under any resolution securing other bonds of the Corporation Authority or any trust agreement or indenture other than the Trust AgreementIndenture, and any other expenses directly attributable to any facilities other than the Project Leased Premises, shall not be included in the administrative costs of the Project Leased Premises and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation Authority not directly attributable to any particular project of the Corporation Authority shall be equitably allocated among all such projects, including the ProjectLeased Premises, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation Authority to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate certificate of the Corporation Authority in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the ProjectLeased Premises.

Appears in 1 contract

Samples: Facilities Lease

Additional Rental. The City shall also pay, as rental hereunder in addition to the Base Rental Payments, to the Corporation Authority or the Trustee, as hereinafter provided, such amounts (“Additional Rental”) amounts, if any, in each year as shall be required for the payment of all costs and expenses incurred by the Corporation Authority in connection with the execution, performance or enforcement of the Site Lease or this Sublease Lease or the assignment hereof, hereof pursuant to the Trust Agreement Indenture or their the respective interests in the Leased Property and the lease of the Leased Property by the Corporation Authority to the City hereunder, including but not limited to all fees, costs and expenses and all administrative costs of the Corporation Authority relating to the Leased Property including, without limiting the generality of the foregoing, salaries and wages of employees, overhead, insurance premiums, taxes and assessments (if any), expenses, compensation and indemnification of the TrusteeTrustee (to the extent not paid or otherwise provided for out of the proceeds of the sale of the Bonds), fees of auditors, accountants, attorneys or engineers, insurance premiums, rebate amounts payable to the United States pursuant to the Tax Certificate, and all other reasonable and necessary administrative costs of the Corporation Authority or charges required to be paid by it to comply with the terms of the Certificates Bonds or of the Trust Agreement. Indenture, or otherwise incurred in connection with the administration hereof or thereof. (1) The foregoing Additional Rental Rental, if any, shall be billed to the City by the Corporation Authority or the Trustee from time to time, together with a statement certifying that the amount billed has been incurred or paid by the CorporationAuthority, the Trustee, Trustee or the Trustee on behalf of the Corporation Authority, for one or more of the items above described, or that such amount is then so payable for such items. Amounts so billed shall be paid by the City not later than the latest time as such amounts may be paid without penalty or, if no penalty is associated with a late payment of such amounts, within 30 days after receipt of a xxxx by the City for such amounts. . (2) The Corporation Authority may issue bonds and may enter into leases to finance facilities other than the ProjectLeased Property. The administrative costs of the Corporation Authority shall be allocated among said facilities and the ProjectLeased Property, as hereinafter in this paragraph provided. Any taxes levied against the Corporation Authority with respect to the Leased Property, the fees of the Trustee under the Trust AgreementTrustee, and any other expenses directly attributable to the Leased Property shall be included in the Additional Rental payable hereunder to the parties to whom such amounts are owinghereunder. Any taxes levied against the Corporation Authority with respect to real property other than the Leased Property, the fees of any trustee or paying agent under any resolution securing other bonds of the Corporation Authority or any trust agreement or indenture other than the Trust AgreementIndenture, and any other expenses directly attributable to any facilities other than the Project Leased Property, shall not be included in the administrative costs of the Project Leased Property and shall not be paid from the Additional Rental payable hereunder. Any expenses of the Corporation Authority not directly attributable to any particular project of the Corporation Authority shall be equitably allocated among all such projects, including the ProjectLeased Property, in accordance with sound accounting practice. In the event of any question or dispute as to such allocation, the written opinion of an independent firm of certified public accountants, employed by the Corporation Authority to consider the question and render an opinion thereon, shall be final and conclusive determination as to such allocation. The Trustee may conclusively rely upon a Certificate certificate of the Corporation Authority in making any determination that costs are payable as Additional Rental hereunder, and shall not be required to make any investigation as to whether or not the items so requested to be paid are expenses of operation of the ProjectLeased Property.

Appears in 1 contract

Samples: Facilities Lease

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