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No. 1493 establishing certain funds and accounts in connection with the amended and restated lease dated 8/1/90 and as amended by an addendum thereto dated 1/29/91 and as further amended by an addendum to lease between SBRC and SBRA
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No. 1493 establishing certain funds and accounts in connection with the amended and restated lease dated 8/1/90 and as amended by an addendum thereto dated 1/29/91 and as further amended by an addendum to lease between SBRC and SBRA
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1/22/2013 8:28:58 PM
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twelve (12) month period beginning on July 1 of the following calendar year. Such taxes shall <br />be deposited in the Principal and Interest Account and such taxes and any other funds in the <br />Principal and Interest Account shall be irrevocably pledged for the purposes set forth in this <br />Resolution. <br />Section 3. The Commission shall deposit or cause to be deposited into the <br />Principal and Interest Account on or before the issuance of the Bonds (to the extent said amount <br />is not currently on deposit) an amount sufficient to pay the lease rental payments payable <br />pursuant to the Lease as amended by the Addendum on July 28, 1997, and January 28, 1998. <br />Section 4. This Resolution shall be in full force and effect after its adoption <br />by the Commission. <br />
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