Lease Payment Fund definition

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to the Trust Agreement.

Lease Payment Fund means the fund by that name established and held pursuant to Article V of the Trust Agreement.

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to Section 5.02.

Examples of Lease Payment Fund in a sentence

• In the event of Prepayment of the principal components of the Lease Payments and Additional Rent in full pursuant to this Article X, such that the Trust Agreement shall be discharged by its terms as a result of such Prepayment, all amounts then on deposit in the Lease Payment Fund or the Insurance and Condemnation Fund shall be credited towards the amounts then required to be so prepaid.

• The Special Benefits Tax will upon receipt be deposited by the Clerk-Treasurer in the 2023 Lease Payment Fund and shall be applied solely to Fixed Annual Rentals due under this Lease.

• Such Prepayments shall be deposited in the Lease Payment Fund and applied to the payment or prepayment of Certificates as provided in Articles II and IV of the Trust Agreement or, if the Certificates are not subject to prepayment at the time of such deposit, shall be applied as provided in Section 14.1 of the Trust Agreement to provide for the payment of Certificates as directed by the Lessee.

• If the Lessee exercises its option to purchase the Leased Property as described in the preceding sentence, the proceeds from said sale and the Net Proceeds shall then be deposited in the Lease Payment Fund and applied as provided in Section 10.3 hereof.

• Any balance of the Net Proceeds remaining in the Insurance and Condemnation Fund because (A) the Leased Property was damaged or destroyed in full and the Net Proceeds, together with other available moneys, were insufficient to cause the prepayment of all Outstanding Certificates, or (B) after all work to replace, repair, restore, modify or improve the Leased Property has been completed, shall be deposited in the Lease Payment Fund and applied toward subsequent Lease Payments.

More Definitions of Lease Payment Fund

Lease Payment Fund means the fund by that name established and held by the Trustee under Section 5.02.

Lease Payment Fund means the fund so designated which is established pursuant to the Trust Agreement.

Lease Payment Fund means the Lease Payment Fund so designated and established and created by Section 502 hereof.

Lease Payment Fund shall have the meaning given in the Deposit Trust Agreement. “Lease Term” means the Initial Term and up to four Renewal Terms, but ending on the occurrence of the earliest event specified in Section 4, and not in excess of the Maximum Lease Term.

Lease Payment Fund means the payment fund created under Article IV. “Lease Payment Reserve Fund” means the reserve fund created under Article IV. “Lease Payment Reserve Requirement” means the amount, if any, required to be

Lease Payment Fund means the fund by that name established and held by the Trustee pursuant to Article VI hereof.

Lease Payment Fund means the Lease Payment Fund established pursuant to Section 7.01 of the Trust Agreement.