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Section 7.3. Release and Indemnification Covenants ............................................................... .............................23 Section 7.4. Assignment by the Authority ................................................................................. .............................24 Section 7.5. Assignment and Subleasing by the City ............................................................... .............................24 Section 7.6. Amendment of Lease Agreement .......................................................................... .............................24 Section7.7. Tax Covenants .......................................................................................................... .............................25 Section 7.8. Financial Statements; Budgets ................................................................................ .............................25 Section 7.9. Records and Accounts ............................................................................................. .............................25 Section 7.10. Observance or Laws and Regulations ................................................................. .............................25 Section7.11. Notices ..................................................................................................................... .............................26 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES Section 8.1. Events of Default Defined ....................................................................................... .............................27 .............................32 Section8.2. Remedies on Default ................................................................................................ .............................27 .............................32 Section8.3. No Remedy Exclusive .............................................................................................. .............................29 .............................32 Section 8.4. Agreement to Pay Attorneys' Fees and Expenses ............................................... .............................29 .............................32 Section 8.5. No Additional Waiver Implied by One Waiver .................................................. .............................29 .............................33 Section 8.6. Assignees to Exercise Rights ................................................................................... .............................29 .............................33 ARTICLE IX .............................33 PREPAYMENT OF LEASE PAYMENTS .............................33 Section9.1. Security Deposit ....................................................................................................... .............................30 Section9.2. No Optional Prepayment ........................................................................................ .............................30 Section 9.3. Mandatory Prepayment From Net Proceeds of Insurance or Eminent Domain .........................30 ARTICLE X MISCELLANEOUS Section10.1. Notices ..................................................................................................................... .............................32 Section10.2. Binding Effect .......................................................................................................... .............................32 Section10.3. Severability .............................................................................................................. .............................32 Section10.4. Net - net -net Lease ................................................................................................... .............................32 Section 10.5. Further Assurances and Corrective Instruments .............................................. .............................33 Section 10.6. Execution in Counterparts .................................................................................... .............................33 Section10.7. Applicable Law ....................................................................................................... .............................33 Section10.8. Captions ................................................................................................................... .............................33 EXHIBIT A DESCRIPTION OF THE SITE EXHIBIT B DESCRIPTION OF THE FACILITY EXHIBIT C SCHEDULE OF LEASE PAYMENTS -ii-