Basic Lease Payment definition

Basic Lease Payment means the basic lease payment for the Premises, being a part of the Lease Payment and specified in Clause 4.5.1 of the Lease Agreement;

Basic Lease Payment means, as of each Basic Lease Payment Date, the amount set forth in Exhibit A-3 to the Company Lease Agreement corresponding to such Basic Lease Payment Date and designated as a Basic Lease Payment. The Basic Lease Payment as of any Basic Lease Payment Date is equal to the payment of the Principal Portion and Interest Portion due on such Basic Lease Payment Date, and shall be established as the amount set forth in Exhibit A-3 to the Company Lease Agreement for such date, less other amounts available under the Bond Resolution, if any, to make the payment on time and in full of the principal of (including Sinking Fund Installments), and interest on the Outstanding Bonds on the next occurring Principal Payment Date and Interest Payment Date respectively, of the Outstanding Bonds, including without limitation the credits available under (i) Section 302(a)(i) and (ii) of the Company Lease Agreement with respect to Power Purchase Price Payments made by the Series 2010 Local Units, (ii) Section 310(b) of the Company Lease Agreement with respect to investment earnings and certain other Revenue Fund transfers, (iii) Section 510(e)(i)(B) of the Company Lease Agreement with respect to excess amounts in the Project Fund, (iv) Section 5.07(3)(a) of the Bond Resolution regarding the transfer of funds from the County Security Fund to the Aged Account of the Revenue Fund, (v) Section 701 of the Company Lease Agreement with respect to prepayments (provided that there is no additional credit to the extent of that portion of the partial prepayment, if any, funded from the County Security Fund transfer contemplated in clause (iv) above in order to avoid the same funds being double counted), (vi) Section 3.7(a)(iv)(A) of the Local Unit License Agreements for each Series 2010 Local Unit upon the revocation of their Local Unit License, or (vii) Section 802(c) of the Company Lease Agreement with respect to certain application of the Net Proceeds of any insurance or condemnation award.

Basic Lease Payment means the amount payable by the School Board and so designated on Schedule No. 2008A to the Master Lease.

Examples of Basic Lease Payment in a sentence

• The amount of Security Payment is increased at the expense of the Basic Lease Payment, Operating Expenses and Parking Fee from the Lessee for the last month of lease.

• The Lessor shall within 15 (Fifteen) Business Days after termination of this Lease Agreement pay upon the Lessee’s request a penalty in the amount of the Basic Lease Payment effective as of the cancellation date for 6 (six) calendar months of the Lease Period.

• The Parties acknowledge that the Project Company has represented to the Authority and the County that notwithstanding the Series 2011 Project completion date extension set forth in subsection (a) above, it intends to make the January 15, 2013 Basic Lease Payment on time, and in full, from a combination of (i) additional funds supplied by or on behalf of one or more Company Parties, and from (ii) funds made available pursuant to the sources contemplated by Section 2(d) and (e) hereof.

• The Lessor shall within 15 (Fifteen) Business Days after termination of this Lease Agreement pay upon the Lessee’s request a penalty in the amount of the Basic Lease Payment effective as of the Lease Agreement termination date for 6 (Six) calendar months of the Lease Period.

• Additional Administrative Expenses which accrue after the execution of this Consent No. 3 may be included as a cost component in any Additional Bonds issued by the Authority, in which case repayment shall be deemed a Basic Lease Payment rather than Additional Lease Payment obligation of the Company.

• The leased area of the Premises with the purpose of calculating the Basic Lease Payment and the Security Deposit hereunder may not be changed according to technical records and inventory prepared by the Technical Inventory Bureau.

• Spivak feels that when applied to Mahasweta‟s fiction the two terms could be used interchangeably, as Woolf‟s London is held together by these two words (empire and nation) from below, in case of Mahasweta Devi‟s work.

• Any Basic Lease Payment or Additional Lease Payment that is not paid within ten (10) days of when due shall bear interest from its due date until paid at the lesser of eight percent (8%) per annum or the maximum lawful rate of interest permitted by applicable law.

• If the Certificate of Transfer for Actual Use is signed after the Indexation Date, the rates of the Basic Lease Payment, Parking Fees and Operating Expenses will be applied with a view to calculate the Actual Use Fee with account for the Indexation under Clause 6.3 of the Preliminary Agreement.

• The Basic Lease Payment shall be made in Russian rubles based on 13,509.36 (thirteen thousand five hundred nine rubles and 36 kopecks) rubles as of the Lease Agreement Date per 1 sq.m. of the leased Premises per annum and shall be paid from the Transfer Deed Date.