Additional Rentals definition

Additional Rentals means the payment or cost of all:

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Additional Rentals means the amount or amounts payable by the Lessee pursuant to Section 4.01(b) hereof.

Additional Rentals means the cost of all (a) reasonable expenses and fees of the Investor related to the performance of the provisions of this Lease related to the Leased Property, or otherwise incurred at the request of the City, (b) taxes, if any, insurance premiums, utility charges, maintenance, upkeep, repair, improvement and replacement incident to the City’s use of the Leased Property, and (c) all other charges and costs which the City assumes or agrees to pay hereunder (together with all interest and penalties that may accrue thereon) in the event that the City shall fail to pay the same. Additional Rentals do not include Base Rentals.

Examples of Additional Rentals in a sentence

• The portion of the Option Price constituting principal of, premium, if any, and interest on the Bonds shall be deposited with the Trustee pursuant to Article VII of the Indenture and the remainder of the Option Price shall be deposited to the Additional Rentals Fund to be applied as set forth therein.

• The payments of Base Rentals and Additional Rentals hereunder during the term of the Lease shall constitute the total Lease Payments which are payable for the term of the Lease and shall be paid by the City for and in consideration of the right of use and occupancy of the Leased Property and the continued quiet use and enjoyment of the Leased Property for and during the term of the Lease.

• In the event that the Leased Property or any portion thereof shall, for any reason, be deemed subject to taxation, assessments or charges lawfully made by any governmental body, the County shall pay the amount of all such taxes, assessments and governmental charges when due, as Additional Rentals.

• With respect to special assessments or other governmental charges which may be lawfully paid in installments over a period of years, the County shall be obligated to provide for Additional Rentals only for such installments as are required to be paid during the upcoming Fiscal Year.

• The City agrees to reimburse the IDB from Additional Rentals for any and all costs and expenses thus incurred by the IDB and if the Leased Property shall be determined to be subject to such taxes, assessments or charges, then an Additional Rental shall be paid by the City equal to the amount of all such taxes, assessments and governmental charges then due.

More Definitions of Additional Rentals

Additional Rentals means the Additional Rentals as defined in the Indenture.

Additional Rentals means the aggregate of (i) any expenses (including attorneys’ fees and expenses) of the Lessor and/or the Trustee in defending an action or proceeding in connection with this Lease or in enforcing the provisions of this Lease; (ii) any taxes or any other expenses, including, but not limited to, licenses, permits, state and local sales and use or ownership taxes or property taxes and recording fees and/or other fees which the Lessor is expressly required to pay as a result of or in connection with this Lease; and (iii) the Lessee’s Proportionate Share of any Administrative Expenses and Fiduciary Fees to the extent the same are not included in and paid as Base Rentals.

Additional Rentals means the cost of taxes, insurance premiums, attorneys fees and costs of counsel for the Lessor, expenses and fees of the Trustee, including, but not limited to, fees for extraordinary administration, utility charges, costs of maintenance, upkeep, repair and replacement, payments into the Reserve Fund and all other charges and costs which the Lessee assumes or agrees to pay under this Lease with respect to the Facilities other than Lease Payments (together with interest and penalties that may accrue thereon in the event that the Lessee shall fail to pay the same, as set forth in this Lease), including, but not limited to, costs and expenses charged to or incurred by the Lessor in its capacity as Lessor. The Lessor also may adjust the Additional Rentals from time to time to compensate the Lessor for its costs that it may incur under this Lease.

Additional Rentals means the cost of all taxes, insurance premiums and expenses payable by, and fees of, the Trustee and its Counsel with respect to the Bonds and other charges and costs which the Board assumes or agrees to pay exclusively from Board Funds under the Master Lease, together with all interest and penalties that may accrue thereon in the event that the Board shall fail to pay the same, as specifically set forth in the Master Lease, including all Security Instrument Repayment Obligations, Security Instrument Costs, Reserve Instrument Repayment Obligations and Reserve Instrument Costs.

Additional Rentals means the cost of all taxes, insurance premiums and expenses payable by, and fees of, the Authority with respect to the Bonds and other charges and costs which the Town assumes or agrees to pay exclusively from Town Funds under Section 6.3 of this Lease, together with all interest and penalties that may accrue thereon in the event that the Town shall fail to pay the same, as specifically set forth herein.

Additional Rentals means Additional Rentals, as defined in the Lease. “Base Rentals” means Base Rentals, as defined in the Lease. “Commonwealth” means the Commonwealth of Kentucky.

Additional Rentals means the additional rentals as defined in any Lease Purchase Agreement entered into in connection with one or more Series of Bonds.