This Lease a Net Lease. The User recognizes, understands and acknowledges that it is the intention hereof that this Lease Agreement be a net lease and that as long as any of the Bonds are Outstanding all Basic Rent be available for payment of the principal of, premium (if any) and interest on the Bonds and that all Additional Rent shall be available for the purposes specified therefor. This Lease Agreement shall be construed to effectuate such intent.
Appears in 5 contracts
Samples: Lease Agreement (Winsloew Furniture Inc), Lease Agreement (Cavalier Homes Inc), Lease Agreement (Cavalier Homes Inc)
This Lease a Net Lease. The User recognizes, understands and acknowledges that it is the intention hereof that this Lease Agreement be a net lease and that as long as any of the Bonds are Outstanding all Basic Rent be available for payment of the principal of, premium (if any) and interest Debt Service on the Bonds and that all Additional Rent shall be available for the purposes specified therefor. This Lease Agreement shall be construed to effectuate such intent.
Appears in 3 contracts
Samples: Lease Agreement (Accuride Corp), Lease Agreement (Transportation Technologies Industries Inc), Bond Guaranty Agreement (Johnstown America Industries Inc)
This Lease a Net Lease. The User Company recognizes, understands and acknowledges that it is the intention hereof that this Lease Agreement be a net lease and that as long as any of all the Bonds are Outstanding all Basic Rent be available for payment of the principal of, premium (if any) and interest debt service on the Bonds and that all Additional Rent shall be available for the purposes specified thereforBonds. This Lease Agreement shall be construed to effectuate such intent.
Appears in 3 contracts
Samples: Annual Report, Lease Agreement (Quanex Corp), Lease Agreement (Quanex Corp)
