Amounts Due Under the Lease Sample Clauses
Amounts Due Under the Lease. Anything herein or elsewhere to the contrary notwithstanding, it is the intention of the Lessee, the Certificate Holders and the Lenders that except for unindemnified Taxes: (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 and payable as interest and, to the extent Fixed Rent is paid, as principal, on the Loans and Yield on the Certificate Holder Amounts on each Scheduled Payment Date; (ii) if the Lessee elects the Purchase Option or the Lessee becomes obligated to purchase the Property under the Lease, the Loans, the Certificate Holder Amounts, and all interest, principal, Yield, Commitment Fees thereon and all other obligations of the Lessee owing to the Administrative Agent, the Agent Certificate Holder, the Certificate Holders and the Lenders shall be due and payable in full by the Lessee on the date set forth in the Lease; (iii) if the Lessee properly elects the Remarketing Option, the Lessee shall only be required to pay to the Administrative Agent from the proceeds of the sale of each Property, Certificate Holder Amounts that are allocable to Qualified Land and that portion of the Loan Balance and any amounts due pursuant to Article XIII hereof and Section 20.2 of the Master Lease (which aggregate amounts may be less than the Lease Balance, with any amount in excess of the Lease Balance being payable to the Lessee); and (iv) upon an Event of Default resulting in an acceleration of the Lessee's obligation to purchase each Property under the Lease, the amounts then due and payable by the Lessee under the Lease shall include all amounts necessary to pay in full the Lease Balance, plus all other amounts then due from the Lessee to the Participants under the Operative Documents.
Amounts Due Under the Lease. Anything herein or elsewhere to the contrary notwithstanding, it is the intention of Lessee, the Lessors and the Lenders that: (i) with respect to each Lessee, the amount and timing of installments of Basic Rent due and payable from time to time from such Lessee under the Lease shall be equal to the aggregate payments due and payable as interest on the Loans and Yield on the Lessor Amounts on each Scheduled Payment Date; (ii) if the Representative elects the Purchase Option or any Lessee becomes obligated to purchase any of the Properties under the Lease, the Loans, the Lessor Amounts, and all interest, Yield and Commitment Fees thereon and all other obligations of the Representative and the Lessor or Lessees with respect to such Property, as the case may be, owing to the Administrative Agent, the Agent Lessor, the Lessors and the Lenders shall be
Amounts Due Under the Lease. Anything else herein or elsewhere to the contrary notwithstanding, it is the intention of the Lessee, the Lessor and the Lender 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 and payable as interest on the Loans and Yield on the Lessor Amounts on each Basic Rent Payment Date; (ii) if the Lessee elects the Purchase Option in full, then the Loan, the Lessor Amounts, all accrued and unpaid interest, Yield and Fees thereon and all other obligations of the Lessee owing to the Lessor and the Lender shall be due and payable in full by the Lessee as provided in the Lease; (iii) if the Lessee properly elects the Remarketing Option, the maximum amount the Lessee shall be required to pay to the Lessor is the Maximum Recourse Amount; and (iv) upon a Lease Event of Default, the amounts then due and payable by the Lessee under the Lease shall be the Lease Balance and such other amounts as are expressly provided for in the Operative Documents.