Base Rentals. The Lessee agrees to pay to Lessor the amount of One and No/100 ($1.00) per year for the Property. Rental payments shall be paid by Lessee annually on or before with , 2016 being the rent commencement date.
Base Rentals. L
(a) Lessee shall pay Base Rentals to the Lessor on the Base Rental Payment Dates at E the rate of the reimbursement received by or allocated to Lessee from the PSCOC A for leasing classroom space for Lessee’s charter school pursuant to XXXX 0000 f S 22-24-4(I).
(b) If requested by Lessee, the Lessor agrees to join with the Lessee in applying to the T PSCOC for funds to be used for Lessee’s lease payments. E (c) Notwithstanding any other provision of this Lease, Lessee shall pay no Base Rent, u utilites, or other amounts on any portion of the Leased Property that has not t received all occupancy permits necessary for Lessee’s operations on that portion i of the Leased Property.
Base Rentals. The Lessee agrees to pay to the Lessor the Base Rentals as set forth on Schedule A hereto. Such Base Rentals shall be paid as herein provided for the leasing of the Leased Property during the Lease Term.
Base Rentals. The Tenant shall pay the following base rentals which do not include the payments of the Taxes and Assessments and Fire Insurance by Tenant in accordance with Paragraphs 6 and 8:
Base Rentals. The Lessee agrees, subject to the availability of appropriations of funds to it therefor and other moneys legally available for the purpose and subject to the limitations of Section 4.04 hereof, to pay to the Trustee for the account of the Lessor as provided in Section 4.06 hereof in arrears during each Renewal Term base rental in the respective semi-annual installments on the respective [First Interest Payment Date] and [Second Interest Payment Date] of each year as indicated in the Schedule of Base Rental Payments attached hereto as Schedule I. During the remainder of the term of the Lease, said Base Rentals shall be paid as provided in this Section for the use, occupancy and operation of the Leased Property during each of the succeeding Renewal Terms as to which the Lessee has exercised its option to extend the term of the Lease pursuant to Section 3.01 hereof. The Lessee understands that the Base Rental Payment Schedule attached hereto as Schedule I may be revised from time to time based on the redemption of Bonds or the issuance of any Additional Bonds allowed under Section 213 of the Indenture.
Base Rentals. During the Original Term, Sublessee shall pay the payment amounts required under the Series 2020 Bonds as the “Base Rentals,” as shown in Exhibit A (Amortization Schedule), which Base Rentals shall be paid to the Lender directly. During the Renewal Terms, the Base Rentals shall be calculated based on market value at the time of renewal, or any other amount deemed reasonable by the Parties at that time and paid to the Authority. The Authority and EMS hereby determine and agree that the Base Rentals, together with good and valuable consideration received by the County under and pursuant to the Master Lease, represent reasonable rental for the use of the Property. In making such determination, the Authority and EMS have given consideration to the current value of the Property, the execution of the Master Lease and the rentals payable thereunder, the financing by the Authority of the 2020 Project, the uses and purposes for which the 2020 Project will be employed by the County, the benefit to the citizens of the County by reason of the improvement of the 2020 Project and the use and occupancy of such facilities pursuant to the terms and provisions of the Master Lease.
Base Rentals. (a) Lessee shall pay Base Rentals to the Lessor on the Base Rental Payment Dates at the rate of the reimbursement received by or allocated to Lessee from the PSCOC for leasing classroom space for Lessee’s charter school pursuant to XXXX 0000 §22-24- 4(I).
(b) If requested by Lessee, the Lessor agrees to join with the Lessee in applying to the PSCOC for funds to be used for Lessee’s lease payments.
(c) Notwithstanding any other provision of this Lease, Lessee shall pay no Base Rent, utilities, or other amounts on any portion of the Leased Property that has not received all occupancy permits necessary for Lessee’s operations on that portion of the Leased Property.
Base Rentals. Tenant shall pay to Landlord Base Rentals according to the following schedule, each due and payable monthly in advance without notice or demand at Landlord’s above stated address, or at any other place Landlord designates in writing. The first monthly rent installment representing April Base Rentals will be paid upon full execution of this Lease, and all subsequent monthly Base Rentals will be due on the first day of each succeeding month during the Term. The amount of each monthly rent installment will be as follows:
Base Rentals. The Lessee agrees, subject to the availability of appropriations of funds by it therefor and otherwise subject to the limitations of Section 4.04 hereof, to pay to the Trustee, for the account of the Lessor as provided in Section 4.06 hereof in arrears for the Initial Term and for each Renewal Term, Base Rentals in the respective semiannual installments and on the respective March 1 and September 1 of each year as indicated in the Schedule of Base Rental Payments attached as Schedule I hereto, commencing on the Base Rental Payment Commencement Date. Each Base Rental payment made on September 1 shall comprise both a principal component and an interest component (calculated on the basis of a year of 360 days consisting of twelve 30-day months), and each Base Rental payment made on March 1 shall comprise only an interest component (also calculated on the basis of a year of 360 days consisting of twelve 30-day months), all as more particularly set forth in Schedule I. Notwithstanding the foregoing, after the occurrence and during the continuation of an “Event of Default” under the Indenture, the interest component of the Series 2017 Base Rentals shall be adjusted to reflect an interest rate equal to the “Default Rate,” as such term is defined in the Indenture. Further, notwithstanding the foregoing, Series 2017 Base Rentals shall be adjusted to reflect any additional payments required on the Series 2017 Certificates as a result of a Determination of Taxability, as such term is defined in the Indenture.
Base Rentals
