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Abatement of Rent <br /> <br /> Rent will be abated proportionately during any <br />period in which there is substantial interference with the <br />City's use and occupancy of the Demised Premises and the <br />Project due to damage or destruction (other than <br />condemnation). The abatement of City rent, until the <br />substantial completion of repair or reconstruction work, will <br />be based on the proportion of initial costs of the unusable <br />portion or portions of the Demised Premises and the Project, <br />to the total initial cost.6f the Demised Premises and the <br />Project. In the event of any such damage or destruction, the <br />Facility Lease will continue in full force and effect, and the <br />City waives any right to terminate the Facility Lease by <br />virtue of any such damage or destruction. <br /> <br />Lease Fund <br /> <br /> The Corporation agrees to pay to the City upon the <br />sale and delivery of the Certificates a sum equal to the Base <br />Rental Payments due from the City to the Corporation on <br />April 1, 1988, October 1, 1988 and April 1, 1989 and <br />attributable to Capital Project I for deposit with the Trustee <br />in the Lease Fund. The City agrees to maintain the Lease Fund <br />with the Trustee and to apply the moneys on deposit therein <br />for payment of the Base Rental Payments payable by the City on <br />March 15, 1988, September 15, 1988 and March 15, 1989 and <br />attributable to Capital Project I. On April 1, 1988, <br />October 1, 1988 and April 1, 1989 the Trustee will transfer <br />any earnings on investments of money in the Lease Fund to the <br />Construction Fund. <br /> <br />Certificate Reserve Fund <br /> <br /> A Certificate Reserve Fund will be created and held <br />by the Trustee in an amount equal to the Certificate Reserve <br />Fund Requirement. The City agrees to apply the moneys in the <br />Certificate Reserve Fund to pay Base Rental Payments when <br />rentals are abated or when other moneys of the City are not <br />otherwise available to make such Base Rental Payments. <br />Balances in this Fund above the Certificate Reserve Fund <br />Requirement will be used to the extent needed to increase the <br />balance in the Trust Administration Fund to the amount <br />required to be on deposit in such Fund and to increase the <br />balance in the Insurance Reserve Fund to the amount required <br />to be on deposit in said Fund, and any remaining excess <br />amounts will be paid to the City semiannually, except that <br />prior to completion of construction of Capital Project I, any <br />remaining excess amounts will be deposited in the Acquisition <br />and Construction Fund. <br /> <br /> B-9 <br /> 1685S <br /> <br /> <br />