Base Rentals definition

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.

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Base Rentals means the rental payments payable by the City during the Lease Term, which constitute payments payable by the City 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.

Examples of Base Rentals in a sentence

• 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.

• The notice shall state the intent of the City to prepay a portion of its Base Rentals, the proposed Optional Payment Date, the proposed Optional Redemption Date for the Bonds to be redeemed, and the principal amount of the Bonds to be redeemed.

• It is understood and agreed that all Base Rentals payable under Section 4.01(a) hereof by the City are assigned to the Trustee pursuant to the Indenture.

• A portion of each payment of Base Rentals is paid as, and represents payment of, interest on the Series 2019 Certificates, and Exhibit B hereto sets forth the interest component of each payment of Base Rentals.

• The City hereby agrees to pay the Base Rentals in accordance with the Base Rental Payment Schedule attached as Schedule 1 hereto as it may be revised from time to time by such amounts as are necessary to reflect the redemption of certain Bonds or to pay the principal and interest on Additional Bonds.

More Definitions of Base Rentals

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.

Base Rentals means the total of the amounts payable by the Lessee as Base Rentals pursuant to Section 4.01(a) of the Master Lease.

Base Rentals means the payments payable by the Town exclusively from Town Funds pursuant to Section 6.2 of this Lease during the Original Term and any applicable Renewal Term hereof (as those terms are hereinafter defined), which constitute the payments payable by the Town 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.

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 payments payable by the City during the Lease Term pursuant to Section 6.02 of this 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 City 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

Base Rentals means the payments by the County pursuant to Section 6.01 hereof, 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.