Common use of Prepayment of Lease Rentals Clause in Contracts

Prepayment of Lease Rentals. (a) The County may elect to prepay the Base Rent set forth in Exhibit A attached hereto in whole or in part on the dates and at the prices set forth in Section 4.01 of the Third Supplement to Trust Agreement, or at any time if such prepayment is pursuant to Section 11.4 or the provisions of Article XIII of the Original Lease Agreement, upon not less than thirty-five (35) days’ prior written notice to the Corporation and the Trustee. Partial prepayments of the principal components of Base Rent may be made in any whole multiples of Five Thousand Dollars ($5,000). Any such partial prepayment shall include interest to the redemption date. (b) Subject to the procedures of the Securities Depository, if any, the Trustee shall apply any partial prepayments with respect to the Facilities to the payment of Outstanding Certificates in such order of the payment dates thereof and to such series of Certificates as the County may determine, set forth in a written certificate delivered by the County to the Trustee upon which the Trustee may conclusively rely. The Trustee may request such reasonable information and reports as may be necessary to establish the sufficiency of the payments to be made at the time of a prepayment.

Prepayment of Lease Rentals. (a) The County may elect to prepay the Base Rent Lease Rentals set forth in Exhibit A attached hereto in whole or in part on the dates and at the prices set forth in Section 4.01 of the Third Second Supplement to Trust Agreement, or at any time if such prepayment is pursuant to Section 11.4 or the provisions of Article XIII of the Original Lease Agreement, upon not less than thirty-five (35) days’ prior written notice to the Corporation and the Trustee. Partial prepayments of the principal components of Base Rent may be made in any whole multiples of Five Thousand Dollars ($5,000). Any such partial prepayment shall include interest to the redemption date. (b) Subject to the procedures of the Securities Depository, if any, the Trustee shall apply any partial prepayments with respect to the Facilities to the payment of Outstanding Certificates in such order of the payment dates thereof and to such series of Certificates as the County may determine, set forth in a written certificate delivered by the County to the Trustee upon which the Trustee may conclusively rely. The Trustee may request such reasonable information and reports as may be necessary to establish the sufficiency of the payments to be made at the time of a prepayment.

Prepayment of Lease Rentals. (a) The County may elect to prepay the Base Rent set forth in Exhibit A attached hereto in whole or in part on the dates and at the prices set forth in Section 4.01 of the Third Second Supplement to Trust Agreement, or at any time if such prepayment is pursuant to Section 11.4 or the provisions of Article XIII of the Original Lease Agreement, upon not less than thirty-five (35) days’ prior written notice to the Corporation and the Trustee. Partial prepayments of the principal components of Base Rent may be made in any whole multiples of Five Thousand Dollars ($5,000). Any such partial prepayment shall include interest to the redemption date. (b) Subject to the procedures of the Securities Depository, if any, the Trustee shall apply any partial prepayments with respect to the Facilities to the payment of Outstanding Certificates in such order of the payment dates thereof and to such series of Certificates as the County may determine, set forth in a written certificate delivered by the County to the Trustee upon which the Trustee may conclusively rely. The Trustee may request such reasonable information and reports as may be necessary to establish the sufficiency of the payments to be made at the time of a prepayment.