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obligations under this Lease Agreement or the termination of the Term of this Lease Agreement <br />for any reason. The City and the Authority each agree to promptly give notice to each other and <br />the Assignees of any claim or liability hereby indemnified against following learning thereof. <br />Section 7.4. Assignment by the Authority. The Authority's rights, title and interests <br />under this Lease Agreement, including the right to receive and enforce payment of the Lease <br />Payments to be made by the City hereunder, have been assigned to the Assignees; provided <br />that the Authority's rights to indemnification and payment or reimbursement for any costs or <br />expenses hereunder have been retained by the Authority to the extent such rights accrue to the <br />Authority and shall have been assigned to the Assignees to the extent such rights accrue to the <br />. The City hereby consents to such assignment. Whenever in this Lease Agreement <br />any reference is made to the Authority, such reference shall be deemed to refer to the Assignees <br />(including its assignees). <br />The Assignees may make additional assignments of its rights, title and interests herein, <br />but no such assignment will be effective as against the City unless and until the Assignees has <br />filed with the City at least five (5) Business Days' prior written notice thereof and an executed <br />copy of an investor's letter addressed to the City and the Authority substantially in the form of <br />the letter delivered by the Assignees on the Closing Date. The City shall pay all Lease Payments <br />hereunder to the Assignees, as provided in Section 4.3(h) hereof, or under the written direction <br />of the assignee named in the most recent assignment or notice of assignment filed with the City. <br />During the Term of this Lease Agreement, the City will keep a complete and accurate record of <br />all such notices of assignment. <br />Section 7.5. Assignment and Subleasing by the City. This Lease Agreement may not be <br />assigned, mortgaged, pledged or transferred by the City. The City may sublease the Property, <br />or any portion thereof, with the prior written consent of the Assignees, at the Assignees' sole <br />discretion, subject to all of the following conditions: <br />(a) This Lease Agreement and the obligation of the City to make Lease Payments <br />hereunder shall remain obligations of the City, and any sublease shall be subject and <br />subordinate to this Lease Agreement. <br />(b) The City shall, within 30 days after the delivery thereof, furnish or cause to be <br />furnished to the Authority and the Assignees a true and complete copy of such sublease. <br />(c) No such sublease by the City may cause the Property to be used for a purpose other <br />than as may be authorized under the provisions of the laws of the State. <br />(d) The City shall furnish the Authority and the Assignees with a written opinion of <br />Bond Counsel stating that such sublease does not cause the interest components of the Lease <br />Payments to become includable in gross income for purposes of federal income taxation or to <br />become subject to personal income taxation by the State. <br />(e) Any such sublease shall be subject and subordinate in all respects to the Site and <br />Facility Lease and this Lease Agreement. <br />Notwithstanding the foregoing, in connection with any sublease entered into for financing <br />purposes, the principal component of the then remaining Lease Payments plus the principal <br />component of the sublease payments shall not exceed the fair market value of the Property. <br />Section 7.6. Amendment of Lease Agreement. This Lease Agreement may be amended <br />with the prior written consent of the Authority and the Assignees (at the si nees' sole <br />-24- <br />