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80002644
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Last modified
1/13/2010 6:10:45 PM
Creation date
1/13/2010 6:10:39 PM
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DEEDS
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80002644
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T <br />80- x°264 <br />Sublessor and the Authority, dated as of the first day of July, <br />1979 tthe "Lease") and proposes to enter into an Amendment to <br />Lease Agreement, dated as of 3une 1, 1980, providing for increased <br />rentals sufficient to pay principal and interest as the same-fall <br />due an the Authority's Medical Facility Revenue Sonds, Re.gion'IIi <br />Facilities Corporation Issue, Series 1979, in the principal-amount. <br />of $390,000, dated July 1, 1979 (the "Series 1979 Bonds") and such- <br />proposed Completion Bonds which are to be designated as the Autho- <br />rity's Medical Facility Revenue Bond, Region III Facilities Corpora- <br />tion Issue, Series 1980 in the principal amount of $50,000, dated`- <br />June 1, 1980 (the "Series 1980 Bond"). <br />WHEREAS, Sublessor is willing to enter into such amendment <br />to the Lease in order to increase the lease rentals payahle by <br />Sublessor to an amount sufficient. to provide for all principal <br />and interest payment obligation due on the Series 1979 Bonds and <br />the Series 1480 Bond, provided that Sublessee increases the amount <br />of rentals payahle pursuant to the Sublease and Sublessee is will- <br />ing to provide for an increase in rentals due under the Sublease <br />to the extent provided herein; <br />NOLd, THEREFORE, nor and in consideration of the mutual <br />Covenants and agreements herein contained an8 in consideration of <br />the Authority's issuance of the Series 1980 Band and Sublessor's <br />increasing of the rentals payable under the Lease, Sublessor and <br />Sublessee do hereby agree as follows: <br />Section 1. The rental schedule shown in Exhibit "B" to <br />the Sublease shall be amended to provide for lease rentals as <br />spawn on Exhibit "B" to this Amendment to Sublease which Exhibit <br />"B" is incorporated herein and made a part hereof by such reference. <br />Section 2. Sublessee hereby confirms its obligation <br />under Section 4.~ to pay alt costs of constructing and acquiring <br />the Project exc4pt to the extent that such costs axe paid for <br />from the groGeeds of the Series 1980 Bond and hereby consents <br />to terms a.~d conditions of that Amendment to Lease Agreement, <br />dated as of June 1, 1960 by and between Sublessor and the Autha- <br />rity. <br />
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