Common use of Additional Rentals Clause in Contracts

Additional Rentals. In addition to the Base Rentals hereinabove set forth, and as part of the total Rentals payable during the Initial Term and the Renewal Term of the Lease, the Lessee shall pay on a timely basis an amount or amounts (the “Additional Rentals”) for the Initial Term or the Renewal Term to which the following items apply or relate, equivalent to the sum of the following (provided that the Lessee’s liability to pay an Additional Rentals shall arise from and after , 2016): (i) the reasonable fees, including but not limited to the annual administrative fees of the Lessor, if any, and out-of-pocket expenses of the Lessor relating to the Property not otherwise required to be paid by the Lessee under the terms of this Lease; (ii) the costs of maintenance, operation, and repair with respect to the Property and utility charges as required under Article 5 hereof; (iii) the costs of casualty, public liability, property damage, and workers’ compensation insurance as required under Article 6 hereof; (iv) the costs of taxes and governmental charges and assessments as required under Article 7 hereof; (v) an amount equal to any sales, use, franchise, succession, capital levy or transfer tax, or any income, excess profits or revenue tax, or any other tax, assessment, charge, or levy (however denominated) levied, assessed, or imposed by the State of Georgia or any political subdivision thereof upon the Base Rentals payable hereunder or upon the Property; (vi) any amount of interest required to be paid on any of the foregoing items as a result of the Lessee’s failure to pay any such items when due, as required by Section 4.5 hereof; (vii) any other fees, costs, levies, charges, taxes, assessments or expenses that the Lessor is required to pay in connection with this Lease or the Property; and (viii) the amount, if any, required to be paid in order to comply with Section 148(f) of the Code or any regulation promulgated thereunder.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Additional Rentals. In addition to the Base Rentals hereinabove set forth, and as part of the total Rentals payable during the Initial Term and the each Renewal Term of the Lease, the Lessee shall pay on a timely basis basis, but only from legally available funds appropriated for such purposes, to the parties entitled thereto an amount or amounts (the “Additional Rentals”) for the Initial Term or the Renewal Term such term to which the following items apply or relate, equivalent to the sum of the following (provided that the Lessee’s liability to pay an any Additional Rentals shall arise from and after , 2016the date of delivery hereof): (i) the annual fee of the Trustee for the ordinary services of the Trustee rendered and its ordinary expenses incurred under the Indenture; (ii) the reasonable fees and charges of the Trustee and any paying agent appointed under the Indenture with respect to the Certificates for acting as paying agent as provided in the Indenture; (iii) the reasonable fees and charges of the Trustee for extraordinary services rendered by it and extraordinary expenses incurred by it as Trustee under the Indenture; (iv) the reasonable fees, including but not limited to the annual administrative fees fee of the Lessor, if any, and out-of-pocket expenses and liabilities of the Lessor relating to the Property Project not otherwise required to be paid by the Lessee under the terms of this Lease; (iiv) the costs of maintenance, operation, operation and repair with respect to the Property Project and utility charges as required under Article 5 VI hereof; (iiivi) the costs of casualty, public liability, property damage, and workers’ compensation insurance as required under Article 6 VII hereof; (ivvii) the costs of taxes and governmental charges and assessments as required under Article 7 VIII hereof; (vviii) an amount equal to any sales, use, franchise, succession, capital levy or transfer tax, or any income, excess profits or revenue tax, or any other tax, assessment, charge, charge or levy (however denominated) levied, assessed, assessed or imposed by the State of Georgia or any political subdivision or municipal corporation thereof upon the Base Rentals payable hereunder or the Option Price (if paid) or upon the PropertyProject; (viix) any amount of interest required to be paid on any of the foregoing items as a result of the Lessee’s failure to pay any such items when due, as required by Section 4.5 4.06 hereof; (viix) the costs associated with the cleanup or removal of hazardous substances; and (xi) any other fees, costs, levies, charges, taxes, assessments or expenses that the Lessor is required or is authorized to pay in connection with this Lease Lease, the Certificates or the Property; and (viii) the amountProject, if any, required to be paid in order to comply with including any sums incurred under Section 148(f) of the Code or any regulation promulgated thereunder17.12 hereof.

Appears in 1 contract

Samples: Public Purpose Master Lease

Additional Rentals. In addition to the Base Rentals hereinabove set forth, and as part of the total Rentals payable during each Renewal Term during the Initial Term and the Renewal Term term of the Lease, the Lessee shall pay on a timely basis to the parties entitled thereto an amount or amounts (the “Additional Rentals”) for the Initial Term or the Renewal Term to which the following items apply or relate, equivalent to the sum of the following (provided that the Lessee’s liability to pay an Additional Rentals shall arise from and after , 2016):following: (i) the annual fee of the Trustee for the ordinary services of the Trustee rendered and its ordinary expenses incurred under the Indenture; (ii) the reasonable feesfees and charges of the Trustee, any paying agent and any registrar appointed under the Indenture with respect to the Bonds for acting as trustee, paying agent and registrar as provided in the Indenture, including but not limited to the annual administrative fees those payable pursuant to Section 1004 of the LessorIndenture, if any, and any amount payable as indemnification pursuant to the last paragraph of Section 1004 of the Indenture; (iii) the reasonable fees and charges of the Trustee for extraordinary services rendered by it and extraordinary expenses incurred by it as Trustee under the Indenture; (iv) the reasonable fees and out-of-pocket expenses of the Lessor relating to the Leased Property not otherwise required to be paid by the Lessee under the terms of this Lease; (iiv) the costs of maintenance, operation, operation and repair with respect to the Leased Property and utility charges as required under Article 5 V hereof and any costs to repair, rebuild or replace the Leased Property as required in Section 9.01 hereof; (iiivi) the costs of casualty, public liability, property damage, damage and workers’ compensation insurance as required under Article 6 VI hereof and the costs related to any self-insurance carried or required to be carried by the Lessee as provided in Section 6.01I hereof; (ivvii) the costs of taxes and governmental charges and assessments as required under Article 7 VII hereof; (vviii) an amount equal to any sales, use, franchise, succession, capital levy or transfer tax, or any income, excess profits or revenue tax, or any other tax, assessment, charge, charge or levy (however denominated) ), if any shall ever become due, levied, assessed, assessed or imposed by the State of Georgia Utah or any political subdivision thereof upon the Base Rentals payable hereunder or upon the Property;Leased Property or any of the Revenues; and (viix) any amount of interest interest, fine, fee or penalty required to be paid on any of the foregoing items as a result of the Lessee’s failure to pay any such items when due, as required by Section 4.5 4.06 hereof; (vii) , or any other fees, costs, levies, charges, taxes, assessments or expenses that the Lessor is required to pay in connection with this Lease or the Property; and (viii) the amount, if any, amount of interest required to be paid pursuant to Section 4.10 hereof. Prior to April 1 of each year during the term of the Lease, the Trustee will, in order to comply accordance with Section 148(f) 1013I of the Code or Indenture, provide a statement to the Lessee of the amount of the estimated Additional Rentals required pursuant to Section 4.01(b)(i), (ii) and (iii) hereof that are expected to become due during the next succeeding Renewal Term if the governing body of the Lessee elects to extend the term of the Lease for such Renewal Term as provided herein. I Deposit into the Bond Fund. The Lessee hereby agrees to deposit into the Bond Fund any regulation promulgated thereunderamounts required to be deposited therein pursuant to Section 403 of the Indenture, subject to the terms and provisions of said Section 403.

Appears in 1 contract

Samples: Master Lease Agreement

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Additional Rentals. In addition to the Base Rentals hereinabove set forth, and as part of the total Rentals payable during the Initial Term and the Renewal Term of the LeaseLease Term, the Lessee shall pay on a timely basis basis, to the parties entitled thereto an amount or amounts (the “Additional Rentals”) for the Initial Term or the Renewal Term period to which the following items apply or relate, equivalent to the sum of the following (provided that the Lessee’s liability to pay an Additional Rentals shall arise from and after , 2016):following: (i) the Initial Fees and the Annual Fees, as set forth on Exhibit D hereto; (ii) the reasonable feesfees and charges of the Lessor for extraordinary services rendered by it and expenses, costs, damages or liabilities incurred by it with respect to this Lease including but any costs, expenses, damages or liabilities incurred by the Lessor based upon or in connection with (A) actions taken by the Lessor hereunder not limited caused by the Lessor’s gross negligence or willful misconduct, (B) actions taken by the Lessee as the Lessor’s agent for purposes of Article IV hereof, or (C) the Lessor’s ownership of title to the annual administrative Leased Property; (iii) the reasonable fees of the Lessor, if any, and out-of-pocket expenses of the original Lessor and any successor Lessor relating to the Leased Property not otherwise required to be paid by the Lessee under the terms of this Lease, including but not limited to all costs of legal and accounting services; (iiiv) the costs of maintenance, operation, operation and repair with respect to the Leased Property and utility charges as required under Article 5 V hereof; (iiiv) the costs of casualty, public liability, property damage, damage and workers’ compensation insurance as required under Article 6 VI hereof; (ivvi) the costs of taxes and governmental charges and assessments as required under Article 7 VII hereof; (vvii) an amount equal to any sales, use, franchise, succession, capital levy or transfer tax, or any income, excess profits or revenue tax, or any other tax, assessment, charge, charge or levy (however denominated) levied, assessed, assessed or imposed by the State of Georgia or any political subdivision thereof upon the Base Rentals payable hereunder or the Purchase Option Price (if paid) or upon the Leased Property;; and (viviii) any amount of interest required to be paid on any of the foregoing items as a result of the Lessee’s failure to pay any such items when due, as required by Section 4.5 hereof; (vii) any other fees, costs, levies, charges, taxes, assessments or expenses that the Lessor is required to pay in connection with this Lease or the Property; and (viii) the amount, if any, required to be paid in order to comply with Section 148(f) of the Code or any regulation promulgated thereunder.

Appears in 1 contract

Samples: Lease Agreement

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