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A3'dTIGLE x~~;~I LESSEE' S t7PTI0Id Tt? P~P.CHASE Section 16.1 Lessee shall have t~'ie right and option to pt;reh%se the Project at any time by agreeing to pay at the time of closing the purchase price specified in Sections 16.2 and 16.3. Upon payment by Lessee of the purchase price, the Authority shall execute and deliver to Lessee a deed or other instrument conveying and confirming title to the Project in Lessee free and clear of all liens and encumbrances, except those to which title was subject when the Authority acquired its interest in the Project or to wi~ic the title became subject witks Lessee's consent, or which resulted from the failure of Lessee to perform any of its obligations under this Lease Agreement. Section 16.2 If any Bonds are outstanding under the "t - Resolution, the purchase price shall be the full amount which is necessary, when added to any amount then held by the Trustee and • available for the purpose, to redeem and retire at the earliest possible date in a-~ordance with the provisions of the Resolution, all outstanding Bonds, including principal, redemption premium, if any, interest to redemption date, expenses of redemption, Trustee's fees and other expenses of transferring title, plus an additional _ sum of $149, If at the time of such purchase, the Bonds are not then radee~nable, in lieu of payi.^.g t'.^.e purcI3a8e pr1Ce entirely in cash, Lessee may deposit with the Trustee direct obligations of, or obligations the payment of principal and interest on which is unconditionally guaranteed by, the United States Government, which mature at such times and in such amounts as to provide sufficient moneys to fully pay principal of and interest on the Bonds until the date on which they may be redeemed, plus cash in amounts su€ficient, in the Trustee's determination, to pay the other ex- pet~ses in co~snection with the purchase and redemption of Bonds, including Trustee's fees, if Bonds are outstanding under the Resolution, the purchase price shall be paid to and held by the Trustee for disposition under the P.esolution. Section 16.3 If no Bonda are outstanding under the Re- solution, the purchase price shall be the sum of $100, payable to the Authority. -35-