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1994-06-07 Resolution 92
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1994-06-07 Resolution 92
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7/23/2008 5:36:11 PM
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Trustee gives to the Lessee a written statement that such <br />amount will be sufficient to retire all or a part of the <br />Bonds including all premiums payable on the redemption <br />thereof and accrued and unpaid interest. <br />The remainder of such purchase price, if any, shall <br />be paid by the Lessee to the Authority. Nothing herein <br />contained shall be construed to provide that the Lessee <br />shall be under any obligation to purchase the Project or <br />any portion thereof, or under any obligation with respect <br />to any creditors or bondholders of the Authority. <br />If the Lessee has not exercised its option to <br />purchase the Project or any portion thereof at the <br />expiration of the term of the Lease and upon the full <br />discharge and performance by the Lessee of its <br />obligations under this Lease, the Authority shall execute <br />a deed of the Project to the Lessee conveying good and <br />merchantable title thereto, subject only to Permitted <br />Encumbrances. <br />8. Exhibit C of the Lease is amended to read as <br />follows: <br />EXHIBIT C <br />LEASE PAYMENT SCHEDULE <br />I. Semiannual rental payments due on January 28 and <br />July 28 beginning on July 28, 1996, through and including <br />January 28, 2005, will be as follows: <br />Centu~ Center Portion Hall of Fame Portion Combined Rental <br />$ 297,000 $ 6b0,000 $ 957,000 <br />II. Semiannual rental payments due on January 28 and <br />July 28 beginning on July 28, 2005, through and including <br />January 28, 2019, will be as follows: <br />Century Center Portion Hall of Fame Portion Combined Rental <br />$ 297,000 $ 1,600,000 $ 1,897,000 <br />9. The parties hereto acknowledge that all remaining <br />terms, covenants and conditions as set forth in the Lease between <br />the .parties hereto and executed as of the first day of November, <br />1993, shall remain in full force and effect. <br />U <br />-7- <br />
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