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redeemed prior to maturity and in respect of which notice of such redemption shall have been given or <br /> provision satisfactory to the Trustee shall have been made for the giving of such notice, the amount to <br /> be deposited or held shall be the principal amount of such Bonds and all unpaid interest thereon to the <br /> redemption date;or <br /> (b) Defeasance Obligations,the principal of and interest on which when due will,in the written <br /> opinion of an Independent Accountant filed with the Members,the Authority and the Trustee,provide <br /> money sufficient to pay the principal of and interest and premium(if any) on the Bonds to be paid or <br /> redeemed, as such principal, interest and premium become due, provided that in the case of Bonds <br /> which are to be redeemed prior to the maturity thereof, notice of such redemption shall have been <br /> given as provided or provision satisfactory to the Trustee shall have been made for the giving of such <br /> notice; <br /> provided, in each case, that (i) the Trustee shall have been irrevocably instructed (by the terms of the <br /> Indenture or by Written Request of the Authority) to apply such money to the payment of such <br /> principal, interest and premium (if any) with respect to such Bonds, and (ii) the Authority shall have <br /> delivered to the Trustee an opinion of Bond Counsel to the effect that such Bonds have been discharged <br /> in accordance with the Indenture (which opinion may rely upon and assume the accuracy of the <br /> Independent Accountant's opinion referred to above). <br /> THE SITE AND FACILITY LEASES <br /> A Site and Facility Lease will be entered into between each Member and the Authority. Under <br /> each Site and Facility Lease, the Member agrees to lease its Leased Premises to the Authority for one <br /> dollar for a term continuous with the term of its Lease Agreement. Each Member and the Authority <br /> agree that the lease to the Authority of such Member's right, title and interest in its Leased Premises <br /> pursuant to its Site and Facility Lease serves the public purposes of such Member by enabling such <br /> Member to finance its portion of the Project. <br /> THE LEASE AGREEMENTS <br /> Lease of Leased Premises <br /> The Authority leases its Leased Premises to each Member, and each Member leases its Leased <br /> Premises from the Authority,upon the terms and conditions set forth in its Lease Agreement. <br /> Term of Lease <br /> Each Lease Agreement shall take effect on the Closing Date,and shall end on the date specified <br /> therein. If,on such termination date, the Bonds allocable to such Member shall not be discharged by its <br /> terms or if such Member's Lease Payments shall have been abated at any time and for any reason, then <br /> the term of its Lease Agreement shall be extended until there has been deposited with the Trustee an <br /> amount sufficient to pay all obligations due under its Lease Agreement. <br /> Lease Payments <br /> Obligation to Pay. In consideration of the lease of its Leased Premises from the Authority, each <br /> Member agrees to pay to the Authority,its successors and assigns,as rental for the use and occupancy of <br /> its Leased Premises during each Fiscal Year, its Lease Payments (denominated into components of <br /> principal and interest) for its Leased Premises, to be due and payable on the respective Lease Payment <br /> Dates. Any amount allocable to a Member and held in the Bond Fund, the Interest Account or the <br /> Principal Account(other than amounts resulting from the prepayment of its Lease Payments in part but <br /> not in whole) on any Lease Payment Date shall be credited towards the Lease Payment then due and <br /> payable. Lease Payments coming due and payable from a Member in any Fiscal Year shall be for the <br /> use of its Leased Premises for such Fiscal Year. <br /> Appendix A <br /> Page 17 <br />