Examples of Lease Rental Payments in a sentence
The Bonds, as to both principal and interest, are not an obligation or liability of the State of Indiana, or of any political subdivision or taxing authority thereof, but are a special limited obligation of the Issuer and are payable solely and only from the trust estate consisting of the funds and accounts held under this Indenture, the Lease Rental Payments and the payments to be made on the Notes issued under the Loan Agreement pledged and assigned for their payment in accordance with the Indenture.
On or before each December 15 and June 15, commencing on 15, 20 , the Borrower shall transfer the Lease Rental Payments received by the Borrower on or before such December 15 or June 15 to the Trustee, who shall deposit such Lease Rental Payments in the Bond Fund for the payment of the Series 20 Bonds on the next Interest Payment Date.
The Redevelopment Commission’s obligation to pay Lease Rental Payments shall not be subject to acceleration.
The principal, interest and premium, if any, on the Bonds are payable solely and only from the trust estate consisting of the funds and accounts held under this Indenture, the Lease Rental Payments, and the payments to be made on the Note which payments are hereby specifically pledged and assigned to the payment thereof in the manner and to the extent herein specified, and nothing in the Bonds or in this Indenture should be considered as pledging any other funds or assets of the Issuer.