Common use of Prepayment of Basic Rent Clause in Contracts

Prepayment of Basic Rent. The Company may at any time prepay all or any part of the Basic Rent provided for hereunder. During such times as the amount held by the Trustee in the Bond Fund shall be sufficient to pay, at the time required, the principal of and interest on all the Bonds then remaining unpaid, the Company shall not be obligated to make payments of Basic Rent under the provisions of this Lease Agreement.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Prepayment of Basic Rent. The Company Tenant or Tenant’s Delegee may at any time prepay all or any part of the Basic Rent provided for hereunder. During such times as the amount held by the Trustee in the Bond Fund shall be sufficient to pay, at the time required, the principal of and interest on all the Bonds then remaining unpaid, the Company Tenant shall not be obligated to make payments of Basic Rent under the provisions of this Lease AgreementLease.

Appears in 1 contract

Samples: Lease Agreement

Prepayment of Basic Rent. The Company may at any time and from time to time prepay all or any part of the Basic Rent provided for hereunderhereunder without penalty. During such times as the amount held by the Trustee in the Bond Fund shall be sufficient to pay, at the time required, the principal of and interest on all the Bonds then remaining unpaid, the Company shall not be obligated entitled to make credit against payments of Basic Rent or Additional Rent under the provisions of this Lease AgreementLease.

Appears in 1 contract

Samples: Lease Agreement

Prepayment of Basic Rent. The Company may at any time prepay all or any part of the Basic Rent provided for hereunder. During such times as the amount held by the Trustee in the Bond Fund shall be sufficient to pay, at the time required, the principal of and interest on all the Bonds then remaining unpaid, the Company shall not be obligated to make payments of Basic Rent under the provisions of this Lease AgreementLease.

Appears in 1 contract

Samples: Lease Agreement (East Kansas Agri Energy LLC)

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Prepayment of Basic Rent. The Company may at any time and from time to time prepay all or any part of the Basic Rent provided for hereunderhereunder without penalty. During such times as the amount held by the Trustee in the Bond Fund shall be sufficient to pay, at the time required, the principal of and interest on all of the Bonds then remaining unpaidOutstanding, the Company shall not be obligated entitled to make credit against payments of Basic Rent or Additional Rent under the provisions of this Lease AgreementLease.

Appears in 1 contract

Samples: Lease Purchase Agreement

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