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.

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

• Within the Base Rentals Fund there are hereby created and ordered established an Interest Account and a Principal Account which shall be used as set forth in Section 3.2(d) hereof.

• The Base Rentals Fund, the Project Fund, the Extraordinary Revenue Fund, and any other fund or account created hereunder shall be held by the Trustee, for the benefit of the Owners as specified in this Indenture; provided that the moneys held in the Rebate Fund pursuant to the provisions of Section 5.3 hereof shall be held and applied solely for the purposes and in the manner described in Section 5.3 hereof.

• A special fund is hereby created and established with the Trustee to be designated the "Base Rentals Fund," which shall be used to pay the principal of, premium, if any, and interest on the Certificates.

• Except as hereinafter provided, the Trustee shall sell and reduce to cash a sufficient amount of such deposits or investments in the respective funds whenever the cash balance in the Base Rentals Fund is insufficient to pay the principal of and interest on the Certificates when due, or whenever the cash balance in any fund or account created hereunder is insufficient to satisfy the purposes of such fund or account.

• Upon the final payment of all costs of execution and delivery of the 2025 Certificates, as certified in writing by the District Representative, any moneys remaining in the Costs of Execution and Delivery Account shall be transferred to the Interest Account or Principal Account of the Base Rentals Fund as directed in writing by the District Representative.

More Definitions of Base Rentals

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 the Original Term and applicable Renewal Terms and the purchase option granted herein.

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 theLeased 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 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 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 2023 Leased Property as set forth in Exhibit B of the Lease. Base Rentals does not include Additional Rentals.

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 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.