GENERAL NARRATIVE Sample Clauses

GENERAL NARRATIVE. As a condition of entering into this Facility Lease, Landlord and Tenant have agreed that Landlord will acquire the Facility and make certain improvements to the Facility which are required by the Tenant. Landlord and Tenant have further agreed that the rentals to be charged for the Facility will be established at a reasonable level at the commencement of the Facility Lease and will be increased on a periodic basis to reflect the increased investment in the Facility by the Landlord as the improvements are being completed. For portions of the facility purchased and leased in 1987, the Initial Rentals described below will be increased based upon the cost of 1987 improvements to the Facility as described in the table below. Base Lease Term Construction Period ---------------------------------------------- -------------------------------- Daily Rent Payment as a Percentage of Year Property Semi-Annual Rent Payment Acquisition Cost is Placed Type of as a Percentage of (Due on 6/30/87 & Construction in Service Property Acquisition Cost Base Lease Period 12/31/87) Period -------------- -------- --------------------------- ----------------- ------------------ ------------ Payments Lease Rate Factor -------- ----------------- 1987 Land Improve- 1 - 19 5.991629% December 31, 1987 0.036111% Date of Acquisition ments 20 - 38 7.323102 through December 31, 2006 through December 31, 1987 1987 Real Estate 1 - 19 6.602842% December 31, 1987 0.036111% Date of Acquisition 70 - 38 8.070140 through December 31, 2006 through December 31, 1987 Landlord and Tenant have further agreed that additional rental adjustments will be made in order to minimize Tenant's rents. Landlord in good faith will calculate rental adjustments periodically and in calculating this adjustment Landlord will consider:
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  • Financial Planning The Employer will provide, or cause to be provided, continued access, for the remainder of the calendar year in which the Covered Termination occurs or for 60 days (if greater), to the financial planning services available to executive employees at the time of the Covered Termination.

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  • Statement of Operations d. Statement of Changes in Net Assets.

  • Certificates; Reports; Other Information Furnish to the Administrative Agent, for distribution to each Lender:

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  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

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