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ARTICLE V RENTAL PAYMENTS SECTION 5.01. Rental Payments. The City agrees to pay to the Authority, its successors or assigns, without deduction or offset of any kind, as rental for the use and occupancy of the Leased Property, the following amounts at the following times: (a) Base Rental. The City shall pay to the Authority as Base Rental hereunder rental payments with interest and principal components in accordance with the Base Rental Payment Schedule set forth in Exhibit B attached hereto and made a part hereof. Each Base Rental payment shall be due in each year on January 1 and July I, beginning on January 1, 1995, and continuing until the end of the term hereof, and shall be payable on the fifteenth day of the month immediately preceding its due date, and any interest or other income with respect thereto accruing prior to such due date shall belong to the City and shall be returned by the Authority to the City. The City shall receive a credit against its Base Rental hereunder to the extent of any transfers from the Capitalized Interest Account to the Interest Account under the Indenture. The interest components of the Base Rental payable by the City hereunder shall be paid by the City as and shall constitute interest paid on the principal components of the Base Rental payable by the City hereunder. Payment of Base Rental and Additional Rental for each rental payment period during the term hereof shall constitute the total rental for such rental payment period, and shall be paid by the City in each rental payment period for and in consideration of the right to the use and occupancy, and the continued quiet enjoyment, of the Leased Property during the rental payment period for which such rental is paid. The City shall provide written notice to the Trustee and the Authority at least five (5) Business Days prior to any Interest Payment Date upon which the City expects to be unable to appropriate and pay the Base Rental payment due on such Interest Payment Date, informing the Trustee and the Authority of such inability to appropriate and pay. If the term of this Lease shall have been extended pursuant to Section 3.01, Base Rental payments shall continue to be due on January 1 and July 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 July 1, 2023. Upon such extension of this Lease, the principal and interest components of the Base Rental 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 July 1, 2024. The parties hereto have agreed and determined that the Base Rental payments shown in the Base Rental Payment Schedule set forth in Exhibit B hereto represent the fair rental value of the Leased Property. In making such determination, consideration has been given to LA1-63219.5 12