Rental Installments Clause Samples

Rental Installments. Tenant shall pay to Landlord the Rental set forth in Section 1.01(c) beginning on the Commencement Date (and on or before the day of each proceeding

Rental Installments. The rentals do each fiscal year shall be paid to the Authority by the Lessee in equal monthly installments on or before the last day of each month; provided, however, that in no event shall any monthly Installment of Debt Service Rental be less than the Lessee’s Proportionate Share of the amount which is necessary under the Bond Resolution to provide, without an withdrawal or transfer from the Reserve Account in the Sinking Fund, if any (i) sufficient funds in the Bond Service Account in the Sinking Fund for the timely payment of the interest on all bonds then outstanding and the principal of all serial bonds then outstanding and (ii) sufficient funds in the Redemption Account in the Sinking Fund for the timely payment of the Amortization Requirements (as defined in the Bond Resolution) for the term bonds then outstanding.