Amounts Due Under Lease. Anything else herein or elsewhere to the contrary notwithstanding, it is the intention of Lessee and the Participants that: (i) the amount and timing of installments of Basic Rent due and payable from time to time under the Lease shall be equal to the aggregate payments due and payable as Yield on the Rent Assignment Contributions and Yield on the Lessor Amount due on each Payment Date; (ii) if Lessee elects the Early Termination Option, the Purchase Option or becomes obligated or otherwise elects to purchase the Leased Property under the Lease, the Lease Balance, all accrued and unpaid Yield thereon, any Fees and all other obligations of Lessee owing to the Participants shall be paid in full by Lessee; (iii) if Lessee properly elects the Sale Option with respect to the Leased Property and subject to Articles XX and XXI of the Lease, Lessee shall only be required to pay to the Administrative Agent the proceeds of the sale of the Leased Property, the Sale Option Recourse Amount with respect to the Leased Property and any amounts due pursuant to Section 20.2 of the Lease (which aggregate amounts may be less than the unpaid principal of the Rent Assignment Contributions and Lessor Amount), together with all other amounts due and payable as Supplemental Rent, but subject to the right of the parties with respect to the Gross Proceeds as set forth at Section 5.3(d)(i); and (iv) upon an Event of Default resulting in an acceleration of Lessee’s obligations to purchase the Leased Property under the Lease, the amounts then due and payable by Lessee under the Lease on a recourse basis shall include all amounts necessary to pay in full the Lease Balance.
Amounts Due Under Lease. Each Credit Party, the Lessor, the Agent, each Credit Note Purchaser and each Mortgage Lender intends that, subject to the provisions of the Operative Agreements: (i) the amount and timing of installments of Basic Rent due and payable from time to time under the Lease shall be equal to the aggregate payments due and payable as scheduled interest on the Credit Notes and the Mortgage Loans and the scheduled Lessor Yield on the Lessor Advance on each Scheduled Interest Payment Date; (ii) if the Lessee elects the Purchase Option or becomes obligated or otherwise elects to purchase the Property under the Lease, then the Credit Notes, the Mortgage Notes, the Lessor Advance, all accrued and unpaid interest and Lessor Yield thereon, and all other obligations of the Credit Parties owing to the Primary Financing Parties under the Operative Agreements shall be paid by the Lessee with a payment of Supplemental Rent in an amount equal to the Termination Value for the Property; and (iii) if the Lessee properly elects the Sale Option with respect to the Property, the Lessee shall be required to pay to the Agent the Maximum Residual Guarantee Amount on the Expiration Date, together with all other amounts then due and payable as Supplemental Rent in respect of the Lease.
Amounts Due Under Lease. 10 SECTION 5B.
Amounts Due Under Lease. Notwithstanding anything to the contrary contained in the Operative Documents, it is the intention of the Lessee, the Construction Agent, the Lessor, each Investor and the Lenders that the amount and timing of installments of Base Rent due and payable from time to time from the Lessee under the Lease shall be equal to the aggregate payments due and
Amounts Due Under Lease. 10 ARTICLE VI
Amounts Due Under Lease. Anything else herein or elsewhere ----------------------- to the contrary notwithstanding, it is the intention of the Lessee, the Lessor, the Administrative Agent and the Lenders that: (i) the amount and timing of installments of Lessor Basic Rent and the Lender Basic Rent shall be due and payable from time to time from the Lessee under the Lease; (ii) if the Lessee elects a Purchase Option (other than the exercise of the Undeveloped Land Purchase Option) or becomes obligated to purchase the Property, then the Lease Balance and all other obligations of the Lessee owing to the Lessor and the Lenders related thereto shall be immediately due and payable in full by the Lessee; and (iii) if the Lessee properly elects the Remarketing Option, the Lessee shall only be required to pay to the Administrative Agent the proceeds of the sale of the Property, the Maximum Recourse Amount and any amounts due pursuant to Article XIII hereof and Section 20.1
Amounts Due Under Lease. 8 SECTION 3 CONDITIONS PRECEDENT; DOCUMENTS..................................... 8 SECTION 3.1 Conditions to the Obligations of the Lessor on the Closing Date................. 8 SECTION 3.2 Conditions to the Obligations of the Lessor on each Funding Date................ 11 SECTION 3.3 Completion Date Conditions...................................................... 12 SECTION 4 REPRESENTATIONS............................................. 13 SECTION 4.1 Representations of the Lessee................................................... 13 SECTION 4.2 Representations of the Lessor................................................... 18 SECTION 5 COVENANTS OF THE LESSEE......................................... 19
Amounts Due Under Lease. With respect to each Leased Property, anything else herein or elsewhere to the contrary notwithstanding, it is the intention of the Lessee and the Funding Parties that: (i) the amount and timing of Basic Rent due and payable from time to time from the Lessee under the Lease shall be equal to the aggregate payments due and payable with respect to interest on, and principal of, the Loans in respect of such Leased Property and Yield on, and principal of, the Lessor's Invested Amounts, if any, in respect of such Leased Property on each Payment Date; (ii) if the Lessee elects the Purchase Option with respect to a Leased Property or becomes obligated to purchase such Leased Property under the Lease, the Funded Amounts in respect of such Leased Property, all interest and Yield thereon and all other obligations of the Lessee owing to the Funding Parties in respect of the Leased Property shall be paid in full by the Lessee; (iii) if the Lessee properly elects
Amounts Due Under Lease. Anything else herein or elsewhere to the contrary notwithstanding, it is the intention of the Lessee, the Lessor, the Participants and the Agent that: (i) the amount and timing of installments of Basic Rent due and payable from time to time from the Lessee under the Lease shall be equal to the aggregate payments due to the Participants in respect of their Participation Interests on each Payment Date; (ii) if the Lessee elects the Purchase Option or becomes obligated to purchase the Property under the Lease, the Participation Interests,
Amounts Due Under Lease. (a) Notwithstanding anything to the contrary contained in the Operative Documents, it is the intention of GS, Lessee, Lessor, Ground Lessee, each Investor, HSFC, the Conduit and the Liquidity Purchasers that the amount and timing of installments of Base Rent due and payable from time to time from Lessee under the Lease shall be equal to the aggregate payments due and payable after the Lease Commencement Date on each Scheduled Payment Date with respect to interest on the Loans, and Yield on the Investor Amounts then due.
