Examples of Base Rental Account in a sentence
Base Rental and proceeds of rental interruption insurance with respect to any Property (if any), received by the Trustee shall be deposited in the Base Rental Account.
Administrative Expense Account;(b) On the Closing Date, the Trustee shall deposit in the Base Rental Account all amounts received from the trustee under the Third Amended and Restated Trust Agreement, dated as of April 1, 2016, by and between the Corporation and U.S. Bank National Association, as trustee, consisting of all Base Rental remaining in the base rental account held under said Third Amended and Restated Trust Agreement.
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Any amounts on deposit in the Administrative Expense Account not needed to pay expenses of the Corporation or the County incidental to the execution and delivery of the Commercial Paper Notes may be transferred to the Base Rental Account from time to time pursuant to a written request of a County Authorized Representative.
To the extent the amount of Base Rental and proceeds of rental interruption insurance with respect to any Property (if any), plus the amount of proceeds of the sale of any Commercial Paper Notes directed to be deposited in the Base Rental Account pursuant to Section 4.01(f) hereof, is insufficient to make the transfers described in the preceding sentence, such amounts shall be transferred to such subaccounts on a Pro Rata Basis.
Amounts on deposit in the Base Rental Account shall be transferred to the Commercial Paper Notes Base Rental Subaccount to the extent necessary to pay the principal of and interest, if any, on the maturing Commercial Paper Notes or as required by Section 3.05(d)(ii)(B) hereof to pay the interest and principal then due and payable with respect to any Revolving Note in accordance with the terms of this Trust Agreement.
Minutes to incur expenditure are not recorded in the SCs. Cash books are not maintained properly and money is drawn without passing resolution in VHSC meetings.
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The proceeds of the sale of any Commercial Paper Notes that are issued for the purpose of providing funds to pay that portion of a Minimum Supplemental Rental Payment solely arising from or relating to existing or additional Commercial Paper Notes directed to be deposited in the Base Rental Account pursuant to Section 3.01(c) hereof shall be deposited into the Base Rental Account and transferred to the Commercial Paper Notes Base Rental Subaccount.
Any delinquent Base Rental payments and any proceeds of rental interruption insurance with respect to the Property shall be deposited in the Base Rental Account and transferred to the Commercial Paper Notes Base Rental Subaccount.