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79005190
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79005190
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Last modified
1/13/2010 3:45:29 AM
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1/13/2010 3:45:03 AM
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DEEDS
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79005190
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~9--rte: <br />ARTrcLE a~ <br />RENT <br />Section 2.1 Sublessee shall pay to the Sublessor basic <br />rent during the basic term in the amounts and on or prior to the <br />date set forth in Exhibit "B" hereto attached and made a part <br />hereof. If at any time the amount in the Bond Fund and the Bebt <br />Service Reserve Fund shall have become sufficient to pay in full <br />"the principal of, the premium, if any, and interest on a1i the <br />outstanding Bonds issued pursuant to the Resolution, either at <br />maturity or on earlier redemption, then no further basic rent <br />shall be payable hereunder. <br />Section 2.2 Sublessee shall pay as additional rent each <br />of the items of additional rent described in Section 2.2 of the <br />Lease as and when the same become due and payable by Sublessor <br />thereunder. Sublessee agrees to make such payments of additional <br />rent to the appropriate .payee as required under the Lease. Sub- <br />lessor agrees to repay tc Sublessee any excess amounts of basic or <br />additional rent refunded to it by Authority, the Trustee, or any <br />other person as and when received by Sublessor. <br />Section 2.3 All payments of basic rent and additional <br />rent shall be made by Sublessee on or before the date the same <br />shad become due, without notice or demand, and without abatement <br />or set-off, irrespective of any of the following: <br />(a) The taking by eminent domain of title to all or <br />part of the Project, or the taking by eminent <br />domain of the right of temporary use of ail er <br />part of the Project; <br />{b) Any change in the Authority's or Sublessor's <br />organization or status. <br />(c) Any damage to or destruction of the Project; or <br />{d) Any default of the Authority under the Lease or <br />of Sublessor under this Sublease. <br />Section 2,9 Payments of basic rent shall be made to Sub- <br />. lessor by Sublessee remitting the same directly to the Trustee under <br />the Resolution, for the account of the Authority and Sublessor and <br />the Authority shall-cause the Trustee to deposit all such payments in <br />the trust accounts grovided for in the Resolution and designated <br />4 <br />
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