Laserfiche WebLink
Hundred Ninety-Seven Thousand Nine Hundred Fifty and 00/100 Dollars <br />. ($397,950.00) shall be due on the day that the Century Center <br />Portion is completed and ready. for use or January 28, 1996, <br />whichever is later. If completion is later than January 28, 1996, <br />the first installment shall be in an amount which provides for <br />rental at the rate specified in Exhibit C for the semiannual period <br />in which the Century Center Portion is completed and ready for use, <br />prorated from the date of completion until the first January 28 or <br />July 28 following such date of completion. Thereafter such ren als <br />for the Century. Center Portion shall be payable in advance in <br />semiannual installments on January 28 and July 28 of .each year as <br />.provided for in the lease payment schedule attached hereto as <br />Exhibit C. <br />(b) Hall of Fame Portion.. The first semiannual rental <br />installment for the Hall of -Fame Portion in the amount of Five <br />Hundred Ninety-Two Thousand Fifty and 00/l00 Dollars ($.592.,050.00) <br />shall be due on the day that the Hall of Fame Portion is completed <br />and ready for use or January 28, 1996, whichever is later. If <br />completion is later than January 28, 1996, the first installment <br />shall be in an amount. which provides for rental at the rate <br />specified in Exhibit C for the semiannual period in which the Hall <br />of Fame Portion is completed and ready for use, prorated from the <br />date of completion until the first January 28 or July 28 following <br />such date of completion.. Thereafter such rentals for the Hall of <br />.Fame Portion shall be payable in advance in semiannual .installments <br />on January 28 and July 28 of each year as provided far in the lease <br />payment schedule attached hereto as Exhibit C. <br />The rental to be paid in semiannual installments by the <br />Lessee for the Century Center Portion and the Hall of Fame Portion <br />and. the combined rental to be paid in semiannual installments for <br />the Project are set forth on Exhibit C attached hereto. The last <br />semiannual rental payment due before the expiration of this Lease <br />shall be adjusted to provide for rental at the amount specified for <br />the Project set forth on Exhibit C for the applicable semiannual <br />period prorated from the date such installment is due to the date <br />of the expiration of this Lease (without taking into account any <br />subsequent early termination of this Lease pursuant to Section 2 <br />hereof). <br />After the sale of the Bonds issued by the Authority to <br />pay the cost of the completion of the Project and other .expenses <br />incidental thereto, the first semiannual lease payment and the sum <br />of the second and third semiannual rental installments and the sum <br />of the fourth and fifth semiannual rental installments., and so on, <br />for the Project shall be reduced to an amount equal to the multiple <br />of One Thousand and 00/100 Dollars ($1,000.00) next highest to the <br />highest sum of principal and interest due in any year ending on a <br />Bond maturity date on such Bonds plus Three Thousand and 00/100 <br />Dollars ($3,000.00), .payable in equal semiannual installments. <br />Such amount of reduced annual rental shall be endorsed on this <br />• <br />-4- <br />