Additional Rental Payments definition
Examples of Additional Rental Payments in a sentence
The City shall pay all such amounts when due or at such later time as such amounts may be paid without penalty or, in any other case, within 60 days after notice in writing from the Trustee to the City stating the amount of Additional Rental Payments then due and payable and the purpose thereof.
Amounts constituting Additional Rental Payments payable hereunder shall be paid by the City directly to the person or persons to whom such amounts shall be payable.
The obligations of the City under this Article VII shall survive the payment in full of the Base Rental Payments and the Additional Rental Payments and the termination of the Lease Documents.
The City currently has the use and occupancy of the Property and the City has the legal authority to pay Base Rental Payments and Additional Rental Payments pursuant to the Sublease for the use and occupancy of the Property.
The City believes that at all times while any Base Rental Payments or Additional Rental Payments or any obligation of the City hereunder remains unpaid, the Property will remain an essential asset of the City.