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.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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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.

Appears in 1 contract

Samples: Lease Agreement

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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.

Appears in 1 contract

Samples: Lease Agreement

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