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HomeMy WebLinkAbout1451 - ~ , ~ . • ~ ; . i' ~ ~ ~ . t~ ' • ~ DE[:~ RE~nrt~s R~«224 IN~~.Ei~3y ~~.14~3 t-~S2 - , ; ~ ~ Paea~sph 8 . 13 ~ 8. Besia Rsrrr; D$~r S~svics Fvxn. i ~ (a) Basic Rext. The Company agcees to pay no later than the ~ last bnsiness day prior to each Note Payment Date (which term ia used ! herein as defined in the Indentnre), as basic rent for the Leased Prem- ises during the Lease Term, or, if the I~ease Term ahall not have com- ~ menced, as amonnta in lien of baeia rent (auch baeia rent or amonnts in s lieu thereof being hereinafter collectively called `~basia ront"), an ag- ' gregate amonnt eqnal to the snm of (i) the interest coming dne on anch ~ Note Payment Date on all outstanding Notea; plns (ii) the principal amount of all ontstanding Notes matnring on anch Note Payment Date; ~ ' plns (iii) the principal amount of Notes reqnired to be prepaid on snch ~ Note Payment Date in accordance with Sections 702 and 302(c) (v) of ! i the Indentnre; plna (iv) the principal amount of and premium, if any, ; on Notes reqnired to be prepaid on snch Note Payment Date in accord- - ` ance with Sections 703 and 704 of the Indenture; provided, however, f ~ that any smount at any time held in or concnrrently paid to the Debt : Service Fnnd referred to in Paragraph 8(b) for the payment of the ~ ~ Notes sLall, at the election of the Company, be credited against the afore= ~ ! p said basic rent paymenta then reqnired to be made by the Company, to ~ the eatent the amonnt so held by the Trastee is in eacess of the amonnt ~ - then required for payment of (A) the principal, intereat and preminm, ~ ; if any, on any Notes theretofore matured or theretofore having become ; payable as a result ~of being called for prepayment and (B) past dne principal, ~~reniiu~n, if nup, All(1 interest, if unpaid, in all cases c~here ~ ~Totes l~ave not Ueen presc~ited for payment; und pro~•ided, farther, that the Comptin~-, a~ nnd for adclit.ional rent, shall pas, as and ~vhen dne in ; xc~cordlnrc ~vitli the Indcnture, intcrest to the estent permitted by ap- ! ~ plicaUlc la~~~ at tl~~~ re~pe~•tivc r~te or rates pro~ ided in the Indenture on ' ~ :~ll overdue Iri~n~elits of ;~rinci~~al, interest and Prnmium on the Notes. ~ - (b) Debt Sertrice Fund. Properties hereby agrees that it tivill es- ? ~ ~ tablish with the Trustee under the Indenture a spe~ial fund to be desig- ~ ~ nated as provided in Section 601 of the Indenture (herein sometimes ~ ~ referred to as the "Debt Service Fund"), and the Company shall pap ~ ~ to Properties the basic rent required of it under this Lease by remitting s the same directly to the Trustee for deposit in said Debt Service Fund. ~ ~ Tn addition to the basic rent payments under this Lease, the Debt } ; ~ • ; ~ . ' I ~ ~ ~ g : ~ 1~ : ~..i 1450 ~ ~ ~ .