Agenda - Economic Development Authority - 05/24/2005

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Table of Contents Cont. Section 7.3. Section 7.4. Section 7.5. Section 7.6. Section 7.7. Taxes, Other GovemmentaI Charges and Utility Charges ................. 23 Advances ............................................................................................. 23 Landlord Access to Project ....................................... : ......................... 24 Transfer of Functions .......................................................................... 24 Nonsubstitution ................................................................................... 24 ARTICLE VIII Section 8. I. Section Section Section Section Section Section Section 8.8. A[CF[CLE IX PROJECT Section 9.1. Section 9.2. Section 9.3. Section 9.4. TITLE ........................................................ .' ................ : ...................................... 25 Title ................................................................ '. .................................... 25 g.2. Security Interest ............................. ~ .... ~ .............. ~ ........... · ..................... 25 8.3. Liens .............................................................. '. .................................... 25 8.4. Installation of Tenant's Equipment ..................................................... 25 8.5. Modification of Project ................................................................... L..26 8.6. Easements and Utility Access ............................................................. 26 8.7. Release of Unimproved Land ............................................................ 27 Covenant For the Benefit of the Bondholders ..... ~ .............................. 27 WARRANTIES .................................................................................. 29 Selection of Project .................................................................. ~ .......... 29 Construction and Maintenance of Project ........................................... 29 Contractorsr Warranties ...................................................................... 29 Disclaimer of Warranties .................................................................... 29 ARTICLE X Section I0. I. Section 10.2. Section 10.3. Section 10.4. Section 10.5. Section 10.6. Section I0.7. PREPAYMENT ..........................................................................................' .......... 30 When Available. ..................................... : ........................................... 30 Exercise of Purchase Option ............................................................... 30 Release of Landlord's Interest ............................................................. 30 Defeasance .......................................................... ~ .................... ~ .......... 30 Partial Prepayment or Defeasance ...................................................... 31 Exercise of Partial Prepayment or Defeasance Option ....................... 31 Credit for Partial Prepayment or Defeasance .............................. . ...... 31 ARTICLE XI ASSIGNMENT, SUBLEASING, MORTGAGING AND SELLING ................. 32 Section 11.1. Assignment by Landlord ..................................................................... 32 Section 11.2. Assignment and Subleasing by Tenant ............................................... 32 Section 11.3. Restriction on Moggage or Sale Of Project by Tenant ....................... 32 ARTI_CLE XII EVENTS OF DEFAULT. ANI5 REMEDEES i ...................................................... 33 Section 12.1. Events of Default Defined .................................................................. 33 Section 12.2. Section 12.3. Section 12.4. Section 12.5. Section 12.6. Section 12.7. ARTICLE XIII Section Section 13.2. Section 13.3. Section 13.4. Remedies on Default ........................................................................... 34 Return of Project ........................................................................... , ..... 35 No Remedy Exclusive ........................................................................ 35 Agreement to Pay Attorneys' Fees and Expenses ............................... 35 Late Charge ....................................... : ................................................. 35 Effect of Waiver ................................................................................. 35 ADMINISTRATIVE PROVISIONS ........... , ...................... i ................... .....~ ...... 36 3. I. Notices ................................................................................................ 36 Financial Information ........................... ' ............................ ~ ................. 36 Binding Effect ..................................................................................... 36 Severability ................................................................. , .............. : ........ 36 t 763908v I ii 15