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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A (3).
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A (3).
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7/8/2014 4:59:15 PM
Creation date
7/8/2014 4:51:26 PM
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Contracts
Company Name
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
Contract #
A-2014-133-B
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
6/3/2014
Destruction Year
0
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Property the fair rental value of the Property remaining after such condemnation is less than <br />the remaining Lease Payments due under this Lease Agreement, the City shall substitute <br />under the Site and Facility Lease and this Lease Agreement one or more parcels of unimpaired <br />and unencumbered real property, the fair rental value of which, for each remaining Rental <br />Period and in the aggregate, shall be at least equal to the remaining Lease Payments hereunder. <br />(b) If for any reason the City is unable to so substitute real property for the Property <br />with a fair rental value at least equal to the remaining Lease Payments hereunder, the City <br />shall use its best efforts to obtain other financing in an amount necessary to prepay the <br />principal component of the Lease Payments not supported by the fair rental value of the <br />substituted property, if any. <br />-16- <br />
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