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85-- 006359 <br />ARTICLE III <br />DEMISING CLAUSES AND WARRANTY OF TITLE <br />section 3.1. Demise of the Project. The issuer demises <br />and leases to the romp-any, and the Company leases from the <br />issuer, the Project at the rental set forth in Article V hereof <br />and in accordance with the provisions of this Agreement. <br />Section 3.2. Warrant of Title. The Issuer will acquire, <br />by purchase from the Company, the Project which shall be free <br />from all encumbrances except Permitted Encumbrances. At the <br />Completion Date, the Company shall furnish to the Issuer an <br />attorney's title opinion or an owner's Policy of Title <br />Insurance on the standard form in use in the State in which the <br />principal amount of the Bonds, showing the Issuer to have good <br />and marketable title to the Project free from all encumbrances <br />except Permitted Encumbrances. <br />ARTICLE IV <br />ACQUISITION AND CONSTRUCTION OF THE PROJECT; <br />ISSUANCE OF THE BONDS <br />Section 4.1. Agreement to Complete Acquisition, Construc- <br />tion and Equipping of the Project. Company will cause acquisi- <br />tion, construction, improving and equipping of the Project to <br />be completed as soon as practicable. Company will cause to be <br />acquired, constructed, improved and equipped the Project on the <br />Project Site and any additional improvements or equipment which <br />in the reasonable judgment of Company Representative may be <br />necessary for operation of the Project, and as shall from time <br />to time prior to the Completion Date be specified in writing by <br />Company to Trustee. <br />-17- <br />L <br />u <br />