LEASE AND OTHER PAYMENTS. 4.1. For use and possession of the Premises and Parking Slots the Lessee shall pay the Lease Payment to the Lessor during the Lease Period, including the Fixed Part of the Lease Payment and the Variable Part of the Lease Payment (utility charges).
LEASE AND OTHER PAYMENTS. (a) Lessor and Lessee understand and intend that the obligation of Lessee to make monthly Lease Payments hereunder shall constitute a binding contractual obligation of Lessee to make the payments subject only to the limitations and conditions stated herein. Lessee covenants to appropriate sufficient funds to cover Lease Payments due each applicable fiscal year in its annual budget, subject to sufficient appropriations made by the State of New Mexico, the New Mexico Public Education Department or the Public School Capital Outlay Council (together the “State of New Mexico”). If sufficient funds are not made by the State of New Mexico for current payments under this Lease Agreement, this Lease Agreement may terminate prior to the end of the Lease Term without further obligations to Lessee.
LEASE AND OTHER PAYMENTS. The Borrower Group Companies shall require all Lessees to make all payments of Basic Rent to the Collections Account or to a Borrower Rental Account if it is required by law or requested by any Lessee (provided that, before payments of Basic Rent may be deposited into a Borrower Rental Account, the Administrative Agent and the Security Trustee shall have received a favorable opinion of counsel, in Agreed Form, in the jurisdiction in which such Borrower Rental Account is located that all necessary actions have been taken to ensure that the Security Trustee has a first priority perfected Lien over such Borrower Rental Account and that the Security Trustee does have such Lien), provided that all funds deposited in any Borrower Rental Account shall be promptly transferred to the Collections Account. The Borrower Group Companies shall ensure that all Collections are deposited into the Collections Account by the close of business on the date such payment is made or as soon as practicable thereafter. The Borrower Group Companies shall ensure that, during the continuance of a Trigger Event, all Segregated Funds received from time to time from any Lessee shall be deposited into the related Lessee Funded Account by the close of business on the date such payment is made or as soon as practicable thereafter. The Borrower shall have the right to direct the Security Trustee to make withdrawals from the Collections Account in order to pay Borrower Expenses (subject to the limitations on amount set forth in the definition of Borrower Expenses) and Lessor Payments as necessary from time to time; provided that any withdrawals from the Collections Account to pay Lessor Payments shall only be permitted after prior application of all amounts in the Aircraft Expenses Account, and only if (i) the request for such withdrawal is accompanied by supporting invoices and supporting documentation detailing the amounts and reasons for the incurrence of such Lessor Payments and (ii) such Lessor Payment is due and payable prior to the next Payment Date. The Borrower Group Companies shall have no right to direct the Security Trustee to make any withdrawals from the Collections Account except in accordance with this Agreement and Section 2.08 of the Facility Agreement. The Borrower Group Companies shall not have any right to direct the Security Trustee to make any withdrawal from, or transfer from or to, any Lessee Funded Account during the continuance of a Trigger Event in respect of any p...
LEASE AND OTHER PAYMENTS. The monthly rent payable by the PriceLine Parties under the Intercompany Lease shall be equal to Xxxxxx Digital's monthly base rental payment for leasing the PriceLine Occupied Space then occupied by the PriceLine Parties (as determined by Xxxxxx Digital and xxxxxxxxx.xxx as required by Section 4.1 above). In addition to the foregoing, the PriceLine Parties shall pay to Xxxxxx Digital, on a monthly basis after invoice from Xxxxxx Digital (i) their proportionate share, based on the then current PriceLine Occupied Space, of the monthly out-of-pocket cost to Xxxxxx Digital for all utilities (other than telephone and telecom services), taxes and maintenance, cleaning, security and repair fees paid by Xxxxxx Digital with respect to the Xxxxxx Leased Space, (ii) their proportionate share, based on usage, of the monthly out-of-pocket cost to Xxxxxx Digital for the provision of third party telephone and telecom services to the PriceLine Parties, and (iii) their proportionate share, based on the usage of the PriceLine Parties, of the monthly out-of-pocket cost to Xxxxxx Digital for all capital equipment located at or on the Xxxxxx Leased Space (such as photocopy and facsimile equipment and leased appliances), PROVIDED, HOWEVER, that all telephones (including cellular telephones), personal computers and printers used by the PriceLine Parties and owned or leased by Xxxxxx Digital shall be paid for by the PriceLine Parties based on the actual out-of-pocket cost to Xxxxxx Digital for the provision of each such item to the PriceLine Parties.
