Prepayment of Lease Payments. The Company shall have and is granted the option to prepay from time to time the amounts payable under this Lease Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of the Bond Indenture. Upon written notice and direction by the Company to the Issuer to redeem Bonds subject to optional redemption under the Bond Indenture, the Issuer shall forthwith take or cause to be taken all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding Bonds, as may be specified by the Company, on the date established for such redemption. Whenever any Bonds shall have been called for optional redemption under any provision of the Bond Indenture, the Company shall deposit with the Bond Trustee moneys in such amounts required and at such times to redeem such Bonds, including the principal, redemption premium, if any, and accrued interest thereon to the redemption date. The Company further agrees that in the event the payment of principal of and interest on the Bonds is accelerated upon the occurrence of an Event of Default under the Bond Indenture, all Lease Payments payable for the remainder of the term of this Lease Agreement shall be accelerated and prepayment shall be made hereunder in such amounts. Any such prepayments shall be deposited in the Debt Service Fund, and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture. The Company may also prepay all or any portion of the Lease Payments by providing for the payment of all or any portion of the Bonds in accordance with Article X of the Bond Indenture.
Prepayment of Lease Payments. Section 10.1. Security Deposit 29 Section 10.2. Extraordinary Prepayment From Net Proceeds 29 Section 10.3. Prepayment 29 Section 10.4. Credit for Amounts on Deposit 29 Section 10.5. Effect of Prepayment 30
Prepayment of Lease Payments. SECTION 9.1. [Intentionally Omitted].
Prepayment of Lease Payments. Section 9.1 Security Deposit 13 Section 9.2 Optional Prepayment 13 Section 9.3 Mandatory Prepayment From Proceeds of Insurance, Sale or Eminent Domain 13
Prepayment of Lease Payments. Security Deposit 27 Section 10.2. Extraordinary Prepayment From Net Proceeds 27
Prepayment of Lease Payments. At any time during the term hereof, the Lessee shall have the right, but not the obligation, to prepay all or any portion of the future Lease Payments due hereunder, by delivering to the Trustee the amount of the prepayment and in the event such payments are in full satisfaction of all future Lease Payments hereunder, by delivering to the Trustee the "Balance Due Lessor". "Balance Due Lessor" shall be calculated as of the date that the amount of Lease Payments to be prepaid hereunder will be applied to pay the Bonds, as follows:
Prepayment of Lease Payments. Section 9.1. Security Deposit 32 Section 9.2. Optional Prepayment 32 Section 9.3. Mandatory Prepayment From Net Proceeds of Insurance or Eminent Domain 33 Section 10.1. Notices 34 Section 10.2. Binding Effect 34 Section 10.3. Severability 34 Section 10.4. Net-net-net Lease 34 Section 10.5. Further Assurances and Corrective Instruments 34 Section 10.6. Assignee as Third Party Beneficiary 34 Section 10.7. Execution in Counterparts 35 Section 10.8. Applicable Law 35 Section 10.9. Captions 35 EXHIBIT A DESCRIPTION OF THE SITE EXHIBIT B DESCRIPTION OF THE FACILITY EXHIBIT C SCHEDULE OF LEASE PAYMENTS This LEASE AGREEMENT (this “Lease Agreement”), dated as of May 1, 2018, is by and between the PUBLIC PROPERTY FINANCING CORPORATION OF CALIFORNIA, a nonprofit public benefit corporation organized and existing under the laws of the State of California, as sublessor (the “Corporation”), and the MOTHER LODE UNION SCHOOL DISTRICT, a school district organized and existing under and by virtue of the laws of the State of California, as sublessee (the “District”);
Prepayment of Lease Payments. Section 9.1. Security Deposit 24 Section 9.2. Optional Prepayment 24 Section 9.3. Mandatory Prepayment From Net Proceeds of Insurance or Eminent Domain 24 Section 10.1. Notices 25 Section 10.2. Binding Effect 25 Section 10.3. Severability 25 Section 10.4. Net-net-net Lease 25 Section 10.5. Further Assurances and Corrective Instruments 25 Section 10.6. Execution in Counterparts. 26 Section 10.7. Applicable Law 26 Section 10.8. Corporation and County Representatives 26 Section 10.9. Captions 26 EXHIBIT A DESCRIPTION OF LEASED PROPERTY ....................................................................... A-1 EXHIBIT B SCHEDULE OF LEASE PAYMENTS ............................................................................... B-1 This Lease Agreement (the “Lease” or “Lease Agreement”), dated as of April 1, 2014, is by and between the NAPA COUNTY PUBLIC IMPROVEMENT CORPORATION, a nonprofit public benefit corporation duly organized and existing under the laws of the State of California, as sublessor (the “Corporation”), and NAPA COUNTY, a county duly organized and existing under the laws of the State of California, as sublessee (the “County”);
Prepayment of Lease Payments. At any time during the term hereof, the Lessee shall have the right, but not the obligation, to prepay all or any portion of the future Lease Payments due hereunder, by delivering to the Trustee the amount of the prepayment and in the event such payments are in full satisfaction of all future Lease Payments hereunder, by delivering to the Trustee the "Balance Due
Prepayment of Lease Payments
