Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (each June 15 and December 15, commencing June 15, 2020) and the remaining principal portion with respect to the Series 2020A-1 Facilities to be lease purchased and the Series 2020A Certificates attributable to such Series 2020A-1 Facilities are set forth in Exhibit C hereto. If, upon delivery of the Certificate of Acceptance indicating completion of the acquisition, construction, installation and payment of all costs of the Series 2020A-1 Facilities and certification of the final cost per student station of such Series 2020A-1 Facilities by the School Board to the State Department of Education pursuant Section 1013.64, Florida Statutes, or if the School Board determines not to acquire, construct or install one or more components of the Series 2020A-1 Facilities, it is determined that the cost of, and consequently the actual amount of Basic Lease Payments for, a Series 2020A-1 Facility is different from the amount set forth herein, Exhibit C shall be revised as necessary to reflect the adjusted Schedule of Basic Lease Payments for all Series 2020A-1 Facilities to be lease-purchased. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2020A Certificates relating to the Series 2020A-1 Facilities and shall only be amended in the event of a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2020A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2020A Certificates pursuant to Article III of the Series 2020A Supplemental Trust Agreement or Section 801 of the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by the Series 2020A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since the Series 2020A Certificates are rated within the three highest rating categories by a nationally recognized rating service.
Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) and the remaining principal portion with respect to the Series 2001B-1 Facilities lease purchased and the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates attributable to such Facilities are set forth in Exhibit C. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates relating to the Series 2001B-1 Facilities and shall only be amended in the event of a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates or the Series 2012A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2001B Certificates pursuant to the Series 2001B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2004B Certificates pursuant to the Series 2004B Supplemental Trust Agreement or the Master Trust Agreement, the prepayment or defeasance of a portion of Series 2011A Certificates pursuant to the Series 2011A Supplemental Trust Agreement or the Master Trust Agreement or the prepayment or defeasance of a portion of Series 2012A Certificates pursuant to the Series 2012A Supplemental Trust Agreement or the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each of the Series 2001B Certificates, the Series 2004B Certificates, the Series 2011A Certificates and the Series 2012A Certificates is rated within the three highest rating categories by a nationally recognized rating service.
Basic Lease Payments. (a) The principal portion of the Basic Lease Payments, the Lease Payment Dates with respect to the principal portion and the remaining principal portion with respect to the Series 2004-1 Facilities to be lease purchased are set forth in Exhibit C. The Schedule of Basic Lease Payments shall be no less than the principal payments with respect to the portion of the Series 2004 Certificates and Series 2012A Certificates relating to the Series 2004-1 Facilities and shall only be amended in the event of (i) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2004 Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2004 Certificates pursuant to Section 301 or 303 of the Series 2004 Supplemental Trust Agreement or Section 801 of the Master Trust Agreement or a change to the mandatory sinking fund prepayments in accordance with Section 302 of the Series 2004 Supplemental Trust Agreement in connection with a change in the method of calculation of the Series 2004D Interest or (ii) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2012A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2012A Certificates pursuant to Section 301 or 303 of the Series 2012A Supplemental Trust Agreement or Section 801 of the Master Trust Agreement.
Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) and the remaining principal portion with respect to the Series 2003A-2 Facilities to be lease purchased and the Series 2003A Certificates and Series 2022A Certificates attributable to such Facilities are set forth in Exhibit B hereto. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Series 2003A Certificates and Series 2022A Certificates relating to the Series 2003A-2 Facilities and shall only be amended in the event of (i) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2003A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2003A Certificates pursuant to Section 301 of the Series 2003A Supplemental Trust Agreement or Section 801 of the Master Trust Agreement or (ii) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2022A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2022A Certificates pursuant to Section 301 or 303 of the Series 2022A Supplemental Trust Agreement or Section 801 of the Master Trust Agreement. The interest portion of the Basic Lease Payments represented by the Series 2003A Certificates and the Series 2022A Certificates, expressed as an annual interest rate, complies with the limitations on interest rates set forth in Section 215.84, Florida Statutes, since the Series 2003A Certificates and the Series 2022A Certificates are each rated within the three highest rating categories by a nationally recognized rating service.
Basic Lease Payments. (a) The City shall make payments (“Basic Lease Payments”) to the Developer on a [quarterly] basis, beginning on the Commencement Date and on the first day of each calendar [quarter] thereafter in an amount equal to the Final Parking Facility Costs, amortized over twenty (20) years in equal [quarterly] installments at an interest rate equal to the City’s Cost of Capital; provided, however, that any Basic Lease Payment for any fractional [quarter] shall be prorated based on a [ninety (90) day quarter]). The Final Parking Facility Costs will be determined in accordance with the Project Agreement.
Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (each June 15 and December 15, commencing June 15, 2007) and the remaining principal portion with respect to the Series 2007A-2 Facilities to be lease purchased and the Certificates attributable to such Series 2007A-2 Facilities are set forth in Exhibit B hereto. If, upon delivery of the Certificate of Acceptance indicating completion of the acquisition, construction, installation and payment of all costs of the Series 2007A-2 Facilities, or if the School Board determines not to acquire, construct or install one or more components of the Series 2007A-2 Facilities, it is determined that the cost of, and consequently the actual amount of Basic Lease Payments for, a Series 2007A-2 Facility is different from the amount set forth herein, Exhibit B shall be revised as necessary to reflect the adjusted Schedule of Basic Lease Payments for all Series 2007A-2 Facilities to be lease- purchased, and for each individual Series 2007A-2 Facility or group of Series 2007A-2
Basic Lease Payments. (a) The principal portion of the Basic Lease Payments, the Lease Payment Dates with respect to the principal portion of the Basic Lease Payments and the remaining principal portion with respect to the Series 2006-1 Facilities to be lease purchased and the Certificates allocable to the Series 2006-1 Facilities are set forth in Exhibit C. The Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Certificates relating to the Series 2006-1 Facilities and shall only be amended in the event of (i) a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2006A Certificates pursuant to Section 301 or 303 of the Series 2006 Supplemental Trust Agreement or Section 801 of the Master Trust Agreement or a change to the mandatory sinking fund prepayments in accordance with Section 302 of the Series 2006 Supplemental Trust Agreement in connection with a change in the method of calculation of the Series 2015C Interest.
Basic Lease Payments. (a) The principal portion of the Basic Lease Payments, the Lease Payment Dates with respect to the principal portion and the remaining principal portion with respect to the Series 2004-1 Facilities to be lease purchased are set forth in Exhibit C. The Schedule of Basic Lease Payments shall be no less than the principal payments with respect to the portion of the Series 2004C Certificates, Series 2012A Certificates and Series 2014A Certificates relating to the Series 2004-1 Facilities and shall only be amended in the event of: Series 2004C Certificates: a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Series 2004C Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2004C Certificates pursuant to Section 301 or 303 of the Series 2004 Supplemental Trust Agreement or Section 801 of the Master Trust Agreement;
Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments and the Lease Payment Dates with respect to the cost of the Series 2008A Facilities to be lease purchased and the Series 2008A Certificates attributable to such Series 2008A Facilities are set forth in Exhibit B hereto. If, upon delivery of the Certificate of Acceptance indicating completion of the acquisition, construction, installation and payment of all costs of the Series 2008A Facilities, it is determined that the cost of, and consequently the actual amount of Basic Lease Payments for a Series 2008A Facility is different from the amount set forth herein at closing, this Section shall be revised prospectively as necessary to reflect the adjusted Schedule of Basic Lease Payments for all Series 2008A Facilities to be lease purchased, and for each individual Series 2008A Facility or group of Series 2008A Facilities. The interest portion of the Basic Lease Payments represented by the Series 2008A Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since the Series 2008A Certificates are rated within the 3 highest rating categories by a nationally recognized rating service.
Basic Lease Payments. The principal portion and the interest portion of the Basic Lease Payments, the Lease Payment Dates (June 15 and December 15) and the remaining principal portion with respect to the Series 2001B-1 Facilities lease purchased and the Certificates attributable to such Facilities are set forth in Exhibit C. The Composite Schedule of Basic Lease Payments shall be no less than the principal and interest payments with respect to the portion of the Certificates relating to the Series 2001B-1 Facilities and shall only be amended in the event of a prepayment or a prepayment deposit of the principal portion of Basic Lease Payments represented by such portion of the Certificates. The interest portion of the Basic Lease Payments represented by each of the Series 2011A Certificates, the Series 2012A Certificates and the Series 2017C Certificates, expressed as an annual interest rate, is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since each of the Series 2011A Certificates, the Series 2012A Certificates and the Series 2017C Certificates is rated within the three highest rating categories by a nationally recognized rating service.
