Common use of Scheduled Rent Clause in Contracts

Scheduled Rent. On each Rent Payment Date, Lessee shall pay the installment of Scheduled Rent, if any, then due and payable. Attached hereto as APPENDIX III is a schedule of the installments of Scheduled Rent due and payable on each Rent Payment Date. It is the intention of the parties hereto and the Lender that the installments of Scheduled Rent set forth on APPENDIX III shall be in an aggregate amount sufficient (but not in excess) to pay required payments of principal on the Loans and the Notes, and the proceeds of each such installment shall be applied by the Lender in reduction of the Loans and the Notes; PROVIDED, HOWEVER, that the Lessee, in order to avoid Breakage Costs, hereby directs the Lender to deposit payments of Scheduled Rent in the Reinvestment Account maintained pursuant to SECTION 3.6 of the Loan Agreement for payment of principal on the Rent Payment Date at the end of the Interest Period; PROVIDED, FURTHER, that until amounts in the Reinvestment Account shall be applied to pay the Loans, interest will continue to accrue with respect to 100% of the principal balance of the Loans without any setoff or deduction relating to the amounts so deposited. The parties hereto agree to adjust the schedule of Scheduled Rent set forth in APPENDIX III to the extent necessary to reflect the actual outstanding principal amount of the Loans, in the event of (i) a partial prepayment of the Loans, or (ii) that the aggregate total of the Loan Advances made under the Loans as of the Completion Deadline equals less than the Loan Commitment. Any such adjustment shall be made (i) in the case of a partial prepayment, by multiplying the remaining unpaid installments of Scheduled Rent on by a fraction, the numerator of which is the aggregate total of Loan Advances made under the Loans less the amount of principal prepaid on the Loan, and the denominator of which is the amount of the Loan Commitment, and (ii) in the event that the aggregate total of Loan Advances equals less than the Loan Commitment as of the Completion Date, by multiplying each of the installments of Scheduled Rent as set forth on APPENDIX III by a fraction, the numerator of which is the aggregate total of Loan Advances under the Loans, and the denominator of which is the Loan Commitment. Notwithstanding the foregoing, on the Scheduled Termination Date, the Lessee shall pay an amount equal to the Recourse Deficiency Amount or the Lease Balance, as the case may be, in accordance with the provisions of ARTICLE XV hereof, in addition to the installment of Scheduled Rent due hereunder.

Scheduled Rent. On each Rent Payment Date, Lessee shall pay the installment of Scheduled Rent, if any, Rent then due and payable. Attached hereto as APPENDIX Appendix III is a schedule of the installments of Scheduled Rent due and payable on each Rent Payment Date. It is the intention of the parties hereto and the Lender that the respective installments of Scheduled Rent set forth on APPENDIX III the schedule of Scheduled Rent shall be in an aggregate amount sufficient (but not in excess) sufficient to pay required payments of principal on the Loans Loan and the NotesNote. Accordingly, and the proceeds of each such installment shall be applied by the Lender in reduction of the Loans and the Notes; PROVIDED, HOWEVER, that the Lessee, in order to avoid Breakage Costs, hereby directs the Lender to deposit payments of Scheduled Rent in the Reinvestment Account maintained pursuant to SECTION 3.6 of the Loan Agreement for payment of principal on the Rent Payment Date at the end of the Interest Period; PROVIDED, FURTHER, that until amounts in the Reinvestment Account shall be applied to pay the Loans, interest will continue to accrue with respect to 100% of the principal balance of the Loans without any setoff or deduction relating to the amounts so deposited. The parties hereto agree to adjust the schedule of Scheduled Rent set forth in APPENDIX Appendix III to the extent necessary to reflect the actual outstanding principal amount of the LoansLoan, in the event of (i) a partial prepayment of the LoansLoan, or (ii) that the aggregate total of the Loan Advances made under the Loans Loan as of the Completion Deadline Date equals less than the Loan Commitment. Any such adjustment shall be made (i) in the case of a partial prepayment, by multiplying the remaining unpaid installments of Scheduled Rent on Appendix III by a fraction, the numerator of which is the aggregate total of Loan Advances made under the Loans Loan less the amount of principal prepaid on the Loan, and the denominator of which is the amount of the Loan Commitment, and (ii) in the event that the aggregate total of Loan Advances equals less than the Loan Commitment as of the Completion Date, by multiplying each of the installments of Scheduled Rent as set forth on APPENDIX Appendix III by a fraction, the numerator of which is the aggregate total of Loan Advances under the LoansLoan, and the denominator of which is the Loan Commitment. Notwithstanding the foregoing, on the Scheduled Termination Date, the Lessee shall pay an amount equal to the Recourse Deficiency Amount or the Lease Balance, as the case may be, in accordance with the provisions of ARTICLE XV hereof, in addition to provided that the installment of Scheduled Rent due hereunderon the Lease Termination Date shall equal the amount necessary to pay the then outstanding principal balance of the Loan in full.

Scheduled Rent. On each Rent Payment Date, Lessee shall pay the installment of Scheduled RentRent for each Property, if any, then due and payable. Attached hereto There shall be attached to each Parcel Lease Supplement as APPENDIX III is Appendix II a schedule of the respective installments of Scheduled Rent due and payable on each Rent Payment DateDate with respect to the related Property. It is the intention of the parties hereto and the Lender that the respective installments of Scheduled Rent set forth on APPENDIX III all such schedules of Scheduled Rent shall be in an aggregate amount sufficient (but not in excess) to pay required payments of principal on the Loans Loan and the NotesNote, and the proceeds of each such installment shall be applied by the Lender in reduction of the Loans and Parcel Tranche for the Notesrelated Property; PROVIDEDprovided, HOWEVERhowever, that the Lessee, in order to avoid Breakage Costs, hereby directs the Lender to deposit payments of Scheduled Rent in the Reinvestment Account maintained pursuant to SECTION 3.6 Section 3.7 of the Loan Agreement for payment of principal on the Rent Payment Date at the end of the Interest Period; PROVIDEDprovided, FURTHERfurther, that until amounts in the Reinvestment Account shall be applied to pay the LoansLoan, interest will continue to accrue with respect to 100% of the principal balance of the Loans Loan without any setoff or deduction relating to the amounts so deposited. The parties hereto agree to adjust the schedule of Scheduled Rent set forth in APPENDIX III each such Appendix II to the extent necessary to reflect the actual outstanding principal amount of the LoansLoan, in the event of (i) a partial prepayment of the LoansLoan, or (ii) that the aggregate total of the Loan Advances made under the Loans Loan as of the Completion Deadline equals less than the Loan Commitment. Any such adjustment shall be made (i) in the case of a partial prepayment, by multiplying the remaining unpaid installments of Scheduled Rent on by a fraction, the numerator of which is the aggregate total of Loan Advances made under the Loans less the amount of principal prepaid on the Loan, and the denominator of which is the amount of the Loan Commitment, and (ii) in the event that the aggregate total of Loan Advances equals less than the Loan Commitment as of the Completion Date, by multiplying each of the installments of Scheduled Rent as set forth on APPENDIX III by a fraction, the numerator of which is the aggregate total of Loan Advances under the Loans, and the denominator of which is the Loan Commitment. Notwithstanding the foregoing, on the Scheduled Termination Date, the Lessee shall pay an amount equal to the Recourse Deficiency Amount or the Lease Balance, as the case may be, in accordance with the provisions of ARTICLE XV hereof, in addition to the installment of Scheduled Rent due hereunder.such

Scheduled Rent. On each Rent Payment Date, Lessee shall pay the installment of Scheduled Rent, if any, Rent then due and payable. Attached hereto as APPENDIX Appendix III is a schedule of the installments of Scheduled Rent due and payable on each Rent Payment Date. It is the intention of the parties hereto and the Lender that the respective installments of Scheduled Rent set forth on APPENDIX III the schedule of Scheduled Rent shall be in an aggregate amount sufficient (but not in excess) sufficient to pay required payments of principal on the Loans Loan and the NotesNote, and the proceeds of each such installment shall be applied by the Lender in reduction of the Loans and the Notes; PROVIDEDprovided, HOWEVERhowever, that the Lessee, in order to avoid Breakage Costs, hereby directs the Lender to deposit payments of Scheduled Rent in the Reinvestment Account maintained pursuant to SECTION 3.6 Section 3.7 of the Loan Agreement for payment of principal on the Rent Payment Date at the end of the Interest Period; PROVIDEDprovided, FURTHERfurther, that until amounts in the Reinvestment Account shall be applied to pay the LoansLoan, interest will continue to accrue with respect to 100% of the principal balance of the Loans Loan without any setoff or deduction relating to the amounts so deposited. The parties hereto agree to adjust the schedule of Scheduled Rent set forth in APPENDIX Appendix III to the extent necessary to reflect the actual outstanding principal amount of the LoansLoan, in the event of (i) a partial prepayment of the LoansLoan, or (ii) that the aggregate total of the Loan Advances made under the Loans Loan as of the Completion Deadline Date equals less than the Loan Commitment. Any such adjustment shall be made (i) in the case of a partial prepayment, by multiplying the remaining unpaid installments of Scheduled Rent on by a fraction, the numerator of which is the aggregate total of Loan Advances made under the Loans less the amount of principal prepaid on the Loan, and the denominator of which is the amount of the Loan Commitment, and (ii) in the event that the aggregate total of Loan Advances equals less than the Loan Commitment as of the Completion Date, by multiplying each of the installments of Scheduled Rent as set forth on APPENDIX III by a fraction, the numerator of which is the aggregate total of Loan Advances under the Loans, and the denominator of which is the Loan Commitment. Notwithstanding the foregoing, on the Scheduled Termination Date, the Lessee shall pay an amount equal to the Recourse Deficiency Amount or the Lease Balance, as the case may be, in accordance with the provisions of ARTICLE XV hereof, in addition to the installment of Scheduled Rent due hereunder.on