Examples of Base Rental Payments in a sentence
The City and the Authority hereby acknowledge the assignment of this Lease Agreement (except for the Authority’s obligations and its rights to give consents or approvals hereunder), and the Base Rental Payments payable hereunder, to the Trustee pursuant to the Assignment Agreement.
The obligation of the City to make the Base Rental Payments does not constitute a debt of the City or of the State of California, or of any political subdivision thereof, within the meaning of any constitutional or statutory debt limit or restriction, and does not constitute an obligation for which the City or the State of California is obligated to levy or pledge any form of taxation or for which the City or the State of California has levied or pledged any form of taxation.
CITY OF XXXXXX VALLEY ATTEST: By: City Manager City Clerk XXXXXX VALLEY PUBLIC FINANCING AUTHORITY ATTEST: By: Executive Director Secretary EXHIBIT A DESCRIPTION OF THE PROPERTY EXHIBIT B BASE RENTAL PAYMENT SCHEDULE Interest Payment Date* Principal Component Interest Component Total Base Rental * Base Rental Payments to be made no later than the Base Rental Deposit Date preceding each Interest Payment Date.
Each installment of Base Rental Payments payable hereunder shall be paid in lawful money of the United States of America to or upon the order of the Authority at the principal office of the Trustee in San Francisco, California, or such other place or entity as the Trustee shall designate.
Rental Payments, including Base Rental Payments, shall be paid by the City to the Authority for and in consideration of the right to use and occupy the Property and in consideration of the continued right to the quiet use and enjoyment thereof during each Rental Period for which such Rental Payments are to be paid.