RES 87418 - Laserfiche WebLink

composed of twelve 30-day months. Each annual payment of Base Rental (to be payable in two installments as aforesaid) shall be for the use of the Demised Premises, of Capital Project I following completion of construction thereof, and of Capital Project II for the twelve-month period commencing on March 1 of the period in which such installments are payable. If the term of this Lease shall have been extended pursuant to Section 2 hereof, Base Rental payment installments shall continue to be due on April 1 and October 1 in each year, and payable as hereinabove described, continuing to and including the date of termination of this Lease, in an amount equal to the amount of Base Rental payable for the twelve-month period commencing March 1, 2008. Upon such extension of this Lease, the principal and interest components of the Base Rental payments shall be established so that the principal components will in the aggregate be sufficient to pay all unpaid principal components with interest components sufficient to pay all unpaid interest components plus interest on the extended principal components at a rate equal to the rate of interest on the principal component of the Base Rental payable on September 15, 2008. (b) Additional Rental. The City shall also pay to the Corporation, as rental hereunder in addition to the foregoing Base Rental, to the Corporation or to the Trustee, as hereinafter provided, such amounts (herein called the "Additional Rental") in each year as shall be required by the Corporation for the payment of all costs and expenses incurred by the Corporation in connection with the execution, performance or enforcement of this Lease or any assignment hereof, the Trust Agreement, its interest in the Demised Premises and the lease of the Demised Premises and Capital Projects I and II to the City, including but not limited to payment of all fees, costs and expenses and all administrative costs of the Corporation related to the Demised Premises and Capital Projects I and II, including, without limiting the generality of the foregoing, salaries and wages of employees, all expenses, compensation and indemnification of the Trustee payable by the Corporation under the Trust Agreement, fees of auditors, accountants, attorneys or engineers, insurance premiums, taxes and other costs specified in Section 6 hereof and all other necessary administrative costs of the Corporation or charges required to be paid by it in order to maintain its existence or to comply with the terms of the Certificates or of the Trust Agreement. F-6 1456S