Payment of Lease Payments. Lessee shall promptly pay Lease Payments under each Property Schedule, exclusively from legally available funds, in lawful money of the United States of America, to Lessor in such amounts and on such dates as described in the applicable Property Schedule, at Lessor's address set forth on the first page of this Agreement, unless Lessor instructs Lessee otherwise. Lessee shall pay Lessor a charge on any delinquent Lease Payments under a Property Schedule in an amount sufficient to cover all additional costs and expenses incurred by Lessor from such delinquent Lease Payment. In addition, Lessee shall pay a late charge of five cents per dollar or the highest amount permitted by applicable law, whichever is lower, on all delinquent Lease Payments and interest on said delinquent amounts from the date such amounts were due until paid at the rate of 12% per annum or the maximum amount permitted by law, whichever is less.
Payment of Lease Payments. The Lessee shall pay to the Trustee those amounts indicated in the “Payment” column of Schedule C of this Lease on the dates set forth in Schedule C of this Lease in payment for the rental of the Property for the Original Term and any Renewal Term. Such payments shall be made in lawful money of the United States of America payable to the order of the Trustee. Each Lease Payment shall be attributable to an interest component and a principal component.
Payment of Lease Payments. (a) On the Commencement Date, the Lessee shall make a payment to the Lessor in an amount equal to the Deficiency (the “Initial Lease Payment”), an amount representing payment in advance of all rent due and owing under this Lease. The Lessee represents and warrants that the funds necessary to make the Initial Lease Payment have been set aside by the Lessee for such purpose by means of a capital expense request.
Payment of Lease Payments. Lessee shall pay the Lease Payments with respect to all of the Equipment Groups, at the times specified in Section 3.2 hereof and in the amounts as set forth in all Amortization Summary Sheets with respect thereto. The Lease Payments shall be payable by check, warrant or draft mailed to Lessor at its address specified herein, or to such other person or entity and at such other address as Lessor may designate by written notice to Lessee, in lawful money of the United States of America or, upon written request of Lessor, by wire transfer to an account in any financial institution located in the continental United States.
Payment of Lease Payments. Subject to the conditions stated herein, the Lessee agrees to pay the Lease Payments, and agrees to pay and discharge all other amounts, liabilities and obligations which the Lessee assumes or agrees to pay to the Lessor as provided herein, including but not limited to any fees and expenses of the Trustee, the replenishment of any deficiencies in the Reserve Fund as set forth in Section 507(c) of the Indenture resulting from a late payment of Lease Payments, together with interest on such overdue amount at the rate specified in Section 215.422, Florida Statutes; provided however, that neither the Lease Payments nor any other amounts due under or liabilities arising under the Lease shall constitute a debt, a general obligation or, except from Capital Outlay Funds appropriated annually by the State Legislature, a liability of the State or political subdivision thereof within the meaning of any constitutional or statutory provision or limitation. Neither the State, the Lessee nor any other agency, department or political subdivision thereof shall be obligated to pay the same, except[, with respect to the Lessee,] from Capital Outlay Funds appropriated and other legally available funds annually by the State Legislature. Neither the faith and credit nor the taxing power of the State, or any other agency, department or political subdivision thereof, is pledged to the payment of Lease Payments or any other amounts due under or liabilities arising under the Lease. All Lease Payments and all other payments due hereunder shall be made from funds authorized by law or appropriated for such purpose by the State Legislature. On each Lease Payment Date, the Lessee shall pay or cause to be paid to the Lessor or its assigns, in lawful money of the United States of America, the Lease Payments for such Lease Payment Date. In the event the Lessor has not received such Lease Payments on or before the Lease Payment Date, the Lessor shall notify the Lessee on the Business Day following the day payment was due that such Lease Payments have not been received; provided, however, that such notice is for the purpose of convenience only and the Lessee’s obligation to make such payments shall in no way be conditioned by giving or receipt of such notice. Lessee agrees that any Lease Payment not made on or before the applicable Lease Payment Date shall be delinquent as of the first Business Day following the applicable Lease Payment Date, and that such delinquent payment of Lease Payment...
Payment of Lease Payments. The City hereby covenants that it will promptly pay the Lease Payments hereunder at the place, on the dates and in the manner provided herein according to the true intent and meaning thereof.
Payment of Lease Payments. (a) Lessor acknowledges that Lessee paid in connection with the 2003 Lease, the 2005 Lease and the 2009 Support Lease an amount representing payment in advance of all rent due and owing under this Lease.
Payment of Lease Payments. Lessee shall pay to Lessor the Lease Payments in lawful money of the United States of America, in the amounts and on the dates set forth in the applicable Schedule relating to such Lease Payments.
Payment of Lease Payments. Subject to the conditions stated herein, the Lessee agrees to pay the Lease Payments {^}, and agrees to pay and discharge all other amounts, liabilities and obligations which the Lessee assumes or agrees to pay to the Lessor as provided herein, including but not limited to any fees and expenses of the Trustee, the replenishment of any deficiencies in the Reserve Fund as set forth in Section 507(c) of the Trust Indenture resulting from a late payment of Lease Payments, together with interest on such overdue amount at the rate specified in Section 215.422, Florida Statutes; provided however, that neither the Lease Payments nor any other amounts due under or liabilities arising under the Lease shall constitute a debt, a general obligation or, except from {^} Capital Outlay Funds appropriated annually by the State Legislature, a liability of the State or political subdivision thereof within the meaning of any constitutional or statutory provision or limitation. Neither the State, the Lessee nor any other agency, department or political subdivision thereof shall be obligated to pay the same, except from
Payment of Lease Payments. The Lease Payments shall be payable by Newco in advance on the first Business Day of January, April, July and October in each year. Newco shall have the right to set off any Lease Payments payable hereunder against any amounts as may be owed to Newco by Canadian License Co.
