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.r ' i 1 <br /> K �F <br /> � � � . � � . � . . , . . % <�,'.»�3�'+^�fM � � � . <br />� ..�'�.• . . � . . . . . . r � . . . . . .. � . �. <br /> I <br /> , .. , <br /> �.:�t '. '� . ' :;: . ,. �.;:! . . � . ... � . . � .. .� . . . <br /> ' � � 7�- OU6512 <br /> ,::� � <br /> , � <br /> ft demises and leases the Hospital Facility to the Lessee and the Lessee <br /> �`�{ hereby hires , takes and leases the Hospital Facility from the Authority , <br /> ,'; for the term , at the rental and on the conditions herein set fort'h but <br /> ' ' sub � ect to Permitted Encumbrances . <br /> � Section 3_2 . Lease Term . The lease term for the Hospital <br /> �; <br /> „ �, Facility sha commence on the date of the delivery of this Lease <br /> >� and shall end on danuary 1 , 2007 unless sooner terminated in <br /> 4 accordance with the provisions of Section 10 . 1 hereof . <br /> � Section 3 . 3 • Rent . The Lessee agrees to pay the Authority <br /> � rent for t e ospi�aT Fac3Tity during the lease term hereof as <br /> .::,t. <br /> �� follows : <br /> : :,s <br /> � ( a ) Rent E ual to Interest . Five days prior to July <br /> � 1 , 1977 an five days prior to the first day of each <br /> '� January and July occurring thereafter , to and including <br /> ;� January 1 , 20 �7 , a sum equal to the difference between <br /> ; ,�' ( a ) the amount of interest payable on the Bonds and ( b ) <br /> the amount of moneys , if any , then on deposit in the <br /> � Interest Fund ; and <br /> ;y (b ) Rent Equal to Principal . Five days prior to <br /> ,� January 1 of each of the years 1980 to 2007 , inclusive , <br /> � a sum equal to the difference between ( a ) the amount <br /> required to be on deposit in the Bond Sinking Fund and <br /> `� (b ) the amount of moneys , if any , then on deposit in <br /> :_� such Fund . <br /> :� In addition to the foregoing , in the event that moneys are <br /> � at any time transferred by the Trustee from ( x ) the Debt Service <br /> '_',' Reserve Fund to either the InteresL Fund or the Bond Sinking Fund <br /> �.� or ( y ) from the Depreciation Reserve Fund to the Debt Service <br /> �� Reserve Fund , the Lessee shall forthwith pay the Authority the <br /> 'a, amount of such transfer as additional rent . <br /> <n The amount of rent payable on each such rental payment date <br /> '? in respect of the principal a1'id interest on the Bonds is set for 'th in <br /> '.� the Schedule of Rents attached as Exhibit B hereto , and such Schedule <br /> ,j shall be ad� usted in the event of any redemption of Bonds as provided <br /> -:� in Section 3 . 6 hereof . Any installment of rent which remains unpaid <br /> :;?; for more than five days shall bear interest at the rate of 8 " oer <br /> ;;;t annum from the due date thereof until the same shall be oaid . All <br /> � ;Y rent shall be paid in immediately available funds . <br /> . . , <br /> ts= Section 3 • 4 . Place of Payment of Rent . All rent payable <br /> . :� hereunder shall be paid directly to the Trustee and applied in the <br /> "'=' manner provided in the Indenture . <br /> -�:� <br /> -''; Section 3 . 5 • Rent Absolute and Obligations Unconditional . <br /> ':;�; The Authority and the Lessee agree that the Lessee shall bear all <br /> `.� risk of damage or destruction in whole or in part to tne Hoso �tal <br /> ;:1 <br /> , .t <br /> � I <br /> i <br /> :'z � <br /> :"z � <br /> -4� _ 8 _ . .�. <br /> '�� . . ! {^: . <br /> , <br /> N <br /> ��: . . . : � � . � � � � � �. ' � . J � <br /> . . . . . . . . . . . . . C+ ." s <br /> � . . � . . . . � � ' . <br /> Ss9 <br />_: �. � � <br />`k <br />