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79005189
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79005189
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Last modified
1/13/2010 3:45:03 AM
Creation date
1/13/2010 3:44:28 AM
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DEEDS
Inst Number
79005189
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<br />PRd'VISId?4S Af"~`R TERPRINATZd23 <br />AND PAYMEN4' OF BONDS <br />Section 14.i Upon accrual of Authority's right of <br />re••entry because of Lessee`s default hereunder, or upon the cancel- <br />lation or termination of this Lease P.gree;nent by lapse of time or <br />otherwise, Lessee sha21 peacefully surrender possession of the <br />_ Project to Authority in good condition and repair, ordinary wear <br />and tear excepted. If alI of the Bands outstanding have been paid <br />or the payment thereof provided for in accordance with the P.esolu- <br />tion, Lessee and Region III shall have the right to remove all <br />machinery, equipment, instruments and furnishing owned by it. P.ny <br />repairs to and restorations of the Project required to be made <br />because of such removal shall be made by and at the expense of <br />Lessee or Region ITI. All machinery, equipment, instruments and <br />furnishings of Lessee or Region III which are not so removed from <br />the Project prior to or within a reasonable time after the termi- <br />nation of this Lease Agreement shall become the separate property <br />of Authority. <br />Section 14.2 If, after payment of the Bonds and interest <br />thereon and all costs in connection therewith, including '"rustee's <br />fees, the Trustee shall have a balance remaining, such balance shall, <br />after ~~y3`iicF t t~:erefrc:m to Authority of any gx.'.sT:~ of T:ney ~i~g ~j. <br />Leg_Qe? o~ Region III to Authority under this Lease Agreement, be <br />paid to Lessee as a return of excess rental. <br />-32- <br />
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