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SECTION 11.03. Trustee Third Party Beneficiary. The Trustee is hereby <br /> designated a third party beneficiary hereunder for the purpose of enforcing any of the rights <br /> hereunder assigned to the Trustee under the Indenture. <br /> SECTION 11.04. Net-Net-Net Lease. It is the purpose and intent of the <br /> Authority and the City that lease payments hereunder shall be absolutely net to the Authority so <br /> that the Lease shall yield to the Authority the lease payments, free of any charges, assessments <br /> or impositions of any kind charged, assessed or imposed on or against the Leased Property, and <br /> without counterclaim, deduction, defense, deferment or set-off by the City except as herein <br /> specifically otherwise provided. The Authority shall not be expected or required to pay any such <br /> charge, assessment or imposition, or be under any obligation or liability hereunder except as <br /> herein expressly set forth, and all costs, expenses and obligations of any kind relating to the <br /> maintenance and operation of the Leased Property which may arise or become due during the <br /> term of the Lease shall be paid by the City. <br /> SECTION 11.05. Amendments. The Lease may be amended in writing as may <br /> be mutually agreed by the Authority and the City, subject to the written approval of the <br /> Authority and the Trustee; provided, that no such amendment which adversely affects the rights <br /> of the Owners shall be effective unless it shall have been consented to by the Bond Insurer and <br /> by the Owners of more than sixty percent (60%) in aggregate principal amount of the Bonds then <br /> Outstanding, and provided further, that no such amendment shall (a) extend the payment date <br /> of any Base Rental payment, or reduce the interest, principal or prepayment premium component <br /> of any Base Rental payment, without the prior written consent of the Owner of each Bond so <br /> affected, or (b) reduce the percentage of the Bond the consent of the Owners of which is <br /> required for the execution of any amendment hereof. <br /> The Lease and the rights and obligations of the Authority and the City hereunder <br /> may also be amended or supplemented at any time by an amendment hereof or supplement <br /> hereto which shall become binding upon execution by the Authority and the City without the <br /> written consents of any Owners, but only to the extent permitted by law and only for any one <br /> or more of the following purposes -- <br /> (a) to add to the agreements, conditions, covenants and terms required by <br /> the Authority or the City to be observed or performed herein and other agreements, conditions, <br /> covenants and terms thereafter to be observed or performed by the Authority or the City, or to <br /> surrender any right or power reserved herein to or conferred herein on the Authority or the City, <br /> and which in either case shall not materially adversely affect the interests of the Owners; <br /> (b) to make such provisions for the purpose of curing any ambiguity or of <br /> correcting, curing or supplementing any defective provision contained herein or in regard to <br /> questions arising hereunder which the Authority or the City may deem desirable or necessary <br /> and not inconsistent herewith, and which shall not materially adversely affect the interests of the <br /> Owners; <br /> (c) to effect a Substitution or Removal; <br /> LAI-63219.5 27 <br />