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79005189
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Last modified
1/13/2010 3:45:03 AM
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1/13/2010 3:44:28 AM
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DEEDS
Inst Number
79005189
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i <br /> <br />ARTZCLE ZX <br />INDEi~iITY ARID TRUSTEE'S RIGHTS <br />Section 9.1 Lessee covenants and agrees to indemnify, <br />protest, defend and save Authority, aII members of its Board of <br />Trustees and the Trustee harmless from and against any and all <br />claims, demands, liabilities, and cosr_s, including attorney's <br />fees, arising from damage or injury, actual or claimed, of what- <br />soever kind or character, to property (including loss of use <br />thereof} or persons, occurring or allegedly occurring in, on or <br />about the Project during the life of this Lease Agreement or <br />arising out of any action or inaction of Lessee or Region III, <br />whether or not related to the Project. If requested by Autho- <br />rity, Lessee shall defend Authority or any of its Trustees in any <br />action or proceeding brought against it or them. Lessee agrees <br />to require of Region III in the Sublease indemnification for <br />Lessee, the Authority and the Trustee to the same effect as that <br />grovided for in this Section 9.1. <br />Section 9.2 Authority agrees that, without Lessee's <br />consent thereto, it will not, unless required by law, sell, <br />encumber or otherwise transfer its interests in the Project at <br />any time during the life of this Lease P.greement, except for <br />assi~ss:ent of this Lease Agreement and the Authority's raghts <br />hereunder to the Trustee under the Resolution. <br />Section 9.3 If Lessee shall fail to keep or perform <br />or to cause to be kept or performed any of its obligations as <br />provided in this Lease Agreement, the Authority or the Trustee <br />may (but shall not be obligated so to do), and without waiving or <br />releasing Lessee or Region III from any obligation hereunder or <br />under the Sublease, perform such obligations, and any sums paid <br />by Authority or the Trustee and necessary incidental costs and <br />expenses in performing such obligations shall be deemed to be <br />owing to the Authority or the Trustee, as the case may be, from <br />Lessee-and shall be paid upon demand with interest at nine percent <br />~(.9~} per annum. If Lessee shall fail to pay or cause to be paid <br />said sum within ten (1©) days after demand, Lessee shall be deemed <br />to bQ in default hereunder and Authority and the Trustee shall <br />_2p_ <br />
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