Lease Rental Payments. On or before each January 15 and July 15, commencing on , 20 , the Borrower shall transfer the Lease Rental Payments received by the Borrower on or before such January 15 or July 15 to the Trustee, who shall deposit such Lease Rental Payments in the Bond Fund for the payment of the Series 20 Bonds on the next Interest Payment Date. The transfers to the Bond Fund shall serve as a credit against the Borrower’s obligations under the Series 20 Note and the Loan Agreement with respect to the Series 20 Bonds.
Lease Rental Payments. The Lessee shall pay Base Rentals in the amounts and at the times set forth in Exhibit B, as said Exhibit B is in effect on the first day of each fiscal year during the Lease Term. The Lessee will pay Additional Rentals within fifteen (15) days after a written request therefor is mailed to the Lessee by or on behalf of the Lessor. Any Lease Rental Payment that is not paid within 10 days of the date due shall bear interest thereon at the Late Payment Rate. Amounts due pursuant to this paragraph will be deemed to be Additional Rentals due and payable when incurred and without further written demand therefor. The Lessee agrees and acknowledges that (a) the Trustee is authorized under the Indenture to draw amounts from the Debt Service Reserve Fund if the Lessee fails to make any part of a Lease Rental Payment when due and (b) Exhibit B will be deemed automatically amended if the Trustee draws on such account to cure deficiencies in the payment of Lease Rental Payments, to increase the principal component of Lease Rental Payments due on the next applicable payment dates (which monthly payment dates may be established if there are less than 48 remaining payment dates) so that the amount such draw has caused the amount remaining on deposit in the Debt Service Reserve Fund to be less than the Debt Service Reserve Requirement (as determined in accordance with the Indenture) is repaid no later than 48 months from the date of such draw and to increase the interest component of Lease Rental Payments due on such dates on the unpaid amount so drawn at the rate per annum equal to the Late Payment Rate. Promptly following any such automatic amendment, the Lessor will mail to the Lessee a revised Exhibit B (identified by date or other means), by first class mail, postage prepaid; provided that any failure to mail such revised Exhibit B will not affect the obligation of the Lessee to make the revised Lease Rental Payments. Amounts drawn from the Debt Service Reserve Fund and applied to payment of all or any portion of Lease Rental Payments will satisfy such Lease Rental Payment to the extent so applied. Each Lease Rental Payment will be applied first to the Base Rentals then due and payable, then as Additional Rentals then due and payable. This Lease will be deemed and construed to be a "net lease," and the Lessee will pay absolutely net during the Lease Term, the Lease Rental Payments and all other payments required hereunder, free of any deductions, and without abatement...
Lease Rental Payments. (a) The Lessee agrees to pay rental for the Garage Leased Premises at a rate per year during the Lease Term not to exceed One Million Two Hundred Eighty Five Thousand Dollars ($1,285,000). Each such semi-annual installment, payable as hereinafter described, shall be based on the value of the Real Estate together with that portion of the Improvements which are complete and ready for use and occupancy at the time such semi-annual installment is made. The first rental installment shall be due on the first January 15 or July 15 after the Improvements, or a portion thereof, are complete for use and occupancy, as determined by the Lessor and the Lessee pursuant to Exhibit C and at such time the Lessor and the Lessee shall endorse the Addendum to Garage Lease in the form attached hereto as Exhibit C. Thereafter, such rental shall be payable in advance in semi-annual installments on January 15 and July 15 of each year. The last semi-annual rental payment due before the expiration of this Garage Lease shall be adjusted to provide for rental at the yearly rate so specified from the date such installment is due to the date of the expiration of this Garage Lease. All rentals payable under the terms of this Garage Lease shall be paid by the Lessee to the Trustee under the Indenture. All payments so made by the Lessee shall be considered as payments to the Lessor of the rentals payable hereunder.
Lease Rental Payments. With respect to each item of Equipment, a monthly amount equal to 4.59% multiplied by the Equipment Cost of such item, in advance; plus a final payment in an amount equal to 10% multiplied by the Equipment Cost of such item, payable on the first day of the month next following the last day of the Term. Rent for any period less than a month shall be prorated daily on the basis of a 30-day month.
Lease Rental Payments. Lessee/renter agrees to pay, without demand, to Lessor/Landlord, rent for the above listed space the sum of $ ____________________ for the term of the agreement. Said rent to be paid as follows: $__________________ upon execution of this agreement. $__________________ on ________________________. (date)
Lease Rental Payments. Bombardier shall pay to AWA the following amounts, in the case of § 2.1, on the Closing Date, and in the case of § 2.2, within five Business Days after receiving a copy of the wire transfer record (including the federal reference number) or other confirmation that AWA has made the payment(s) of “Basic Rent” (as defined in the Lease for the pertinent Verizon USLL Aircraft):
Lease Rental Payments. (a) Unless otherwise directed by Purchaser, Vendor shall pay on behalf of Purchaser all rentals and shut-in royalty payments for Crown and freehold mineral and surface leases which are due and payable on or before [Redaction - date].
Lease Rental Payments. (a) The Authority shall pay all Lease Rental Payments directly to the City during the Lease Term in the amounts set forth in Exhibit B, attached hereto and made a part hereof, as it may be amended from time to time hereunder.
Lease Rental Payments
