Common use of Basic Lease Payments Clause in Contracts

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-1 Facilities to be lease purchased and the Series 2003A Certificates and Series 2022A Certificates attributable to such Facilities are set forth in Exhibit C attached 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-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 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 or 303 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. 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 Remaining Principal Portion with respect to the Series 2003A-1 2003A-2 Facilities to be lease purchased and the Series 2003A Certificates and Series 2022A 2012A Certificates attributable to such Facilities are set forth in Exhibit C attached 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 2012A Certificates relating to the Series 2003A-1 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 or 303 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 2012A Certificates pursuant to Section 7.2 or 7.3 of the Master Lease, and prepayment or defeasance of a portion of Series 2022A 2012A Certificates pursuant to Section 301 or 303 of the Series 2022A 2012A 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 2012A Certificates, expressed as an annual interest rate, complies with is exempt from the limitations on interest rates set forth in Section 215.84, Florida Statutes, since the Series 2003A Certificates and the Series 2022A 2012A Certificates are each 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 2003A-1 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 C attached 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-1 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 or 303 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.