Base Rentals means that portion of the rentals payable under the Master Lease which is pledged to the payment of debt service on the Bonds and to the replenishment of the Debt Service Reserve Fund under the Indenture.

Base Rentals means the payments payable by the County during the Lease Term pursuant to Section 6.02 of this Lease and as set forth in Exhibit B which constitute the payments payable by the County for and in consideration of the right to use the Leased Property during the Lease Term. In the event that Exhibit B sets forth separate schedules of Base Rentals payable with respect to one or more separate portions of the Leased Property, such payments will be combined for purposes of Section 6.02, but may be treated as separate schedules for other purposes of this Lease.

Base Rentals means the rental payments payable by the Town during the Lease Term, which constitute payments payable by the Town for and in consideration of the right to possess and use the Leased Property as set forth in Exhibit C (Base Rentals Schedule) hereto. Base Rentals does not include Additional Rentals.

Examples of Base Rentals in a sentence

During the period the Sublease is in force and effect, there shall be levied on all the taxable property of the County, in addition to all other taxes, without limitation as to rate, a direct tax annually in an amount sufficient to pay the Base Rentals when and as due.

More Definitions of Base Rentals

Base Rentals means the rental payments payable by the District during the Lease Term, which constitute payments payable by the District for and in consideration of the right to possess and use the Leased Property as set forth in Exhibit C (Base Rentals Schedule) hereto. Base Rentals does not include Additional Rentals.

Base Rentals means the payments payable by the Lessee which constitute the principal component and interest component of Lease Rental Payments hereunder and other amounts set forth in Exhibit B.

Base Rentals means the payments payable by the Town during the Lease Term pursuant to Section 6.02 of this Financing Lease and as set forth in Exhibit B, as it may be amended hereunder from time to time, which constitute the payments payable by the Town for and in consideration of the right to use the Leased Property during the Lease Term.

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

Base Rentals means payments pursuant to Section 7 hereof for and in consideration of the right to use the Leased Property.

Base Rentals means the payments payable by the City exclusively from City Funds pursuant to Section 6.2 of this Master Lease during the Original Term and any applicable Renewal Term hereof (as those terms are hereinafter defined), which constitute the payments payable by the City for and in consideration of the right of use of the Project during such Original Term and applicable Renewal Terms and the purchase option granted herein.