Common use of Lease Payments Plus Interest Clause in Contracts

Lease Payments Plus Interest. Thirty (30) days after the Parties execute the Memorandum of Commencement Date attached to the Facilities Lease as Exhibit E and the Contractor has completed and satisfied the conditions indicated below, the District shall pay to Contractor Ninety‐One Thousand Five Hundred Sixty‐Two and 00/100 Dollars ($91,562.00) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.1. It is the intent of the Parties that the Lease Payments plus interest will be kept from the Contractor’s final payment application(s), including payment application(s) seeking payment of any Retention held pursuant to the Contract Documents. 4.2.2. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the School Site(s) and shall be made in equal monthly installments for the duration of the Term. 4.2.3. 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. Thirty (30) days after the Parties execute the Memorandum of Commencement Date attached to the Facilities Lease as Exhibit E and the Contractor has completed and satisfied the conditions indicated below, the District shall pay to Contractor Ninety‐One Twenty-Six Thousand Five Three Hundred Sixty‐Two and 00/100 Dollars ($91,562.0026,300) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.1. It is the intent of the Parties that the Lease Payments plus interest will be kept from the Contractor’s final payment application(s), including payment application(s) seeking payment of any Retention held pursuant to the Contract Documents. 4.2.2. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the School Site(s) and shall be made in equal monthly installments for the duration of the Term. 4.2.3. 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. Thirty (30) days after the Parties execute the Memorandum of Commencement Date attached to the Facilities Lease as Exhibit E and the Contractor has completed and satisfied the conditions indicated below, the District shall pay to Contractor Ninety‐One Thousand Five Hundred Sixty‐Two and 00/100 Eighty-Three Dollars ($91,562.00$ 583,000) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.1. It is the intent of the Parties that the Lease Payments plus interest will be kept from the Contractor’s final payment application(s), including payment application(s) seeking payment of any Retention held pursuant to the Contract Documents. 4.2.2. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the School Site(s) and shall be made in equal monthly installments for the duration of the Term. 4.2.3. 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. Thirty (30) days after the Parties execute the Memorandum of Commencement Date attached to the Facilities Lease as Exhibit E and the Contractor has completed and satisfied the conditions indicated below, the District shall pay to Contractor Ninety‐One Two Thousand Five Eight Hundred Sixty‐Two and 00/100 Sixty Dollars ($91,562.002,860) (“Lease Payment(s)”) plus interest, as indicated below. 4.2.1. It is the intent of the Parties that the Lease Payments plus interest will be kept from the Contractor’s final payment application(s), including payment application(s) seeking payment of any Retention held pursuant to the Contract Documents. 4.2.2. The Lease Payments plus interest shall be consideration for the District’s rental, use, and occupancy of the Project and the School Site(s) and shall be made in equal monthly installments for the duration of the Term. 4.2.3. 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.