Common use of Lease Payments Plus Interest Clause in Contracts

Lease Payments Plus Interest. After the Parties execute the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E, the District shall pay to Contractor [Spell Out] Dollars ($Numeric) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.1. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the Project Site and shall be made in equal monthly installments for the duration of the Term. 4.2.2. The District represents that the total annual Lease Payment plus interest obligation does not surpass the District’s annual budget and will not require the District to increase or impose additional taxes or obligations on the public that did not exist prior to the execution of the Facilities Lease.

Lease Payments Plus Interest. After the Parties execute the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E, the District shall pay to Contractor [Spell Out] Dollars ($Numeric) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.13.2.1. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the Project Site and shall be made in equal monthly installments for the duration of the Term. 4.2.23.2.2. The District represents that the total annual Lease Payment plus interest obligation does not surpass the District’s annual budget and will not require the District to increase or impose additional taxes or obligations on the public that did not exist prior to the execution of the Facilities Lease.

Lease Payments Plus Interest. After the Parties execute the Memorandum of Commencement Date, attached to the Facilities Lease as Exhibit E, the District shall pay to Contractor [Spell Out] Six Hundred Eighty-Seven Thousand Five Hundred Three Dollars ($Numeric687,503) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.1. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the Project Site and shall be made in equal monthly installments for the duration of the Term. 4.2.2. The District represents that the total annual Lease Payment plus interest obligation does not surpass the District’s annual budget and will not require the District to increase or impose additional taxes or obligations on the public that did not exist prior to the execution of the Facilities Lease.