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M Lessee of its obligations under this Lease, the Authority shall execute a deed of the Project to the <br />` Lessee conveying good and merchantable title thereto, subject only to Permitted Encumbrances. <br />This paragraph shall be deemed to apply both to the entire Project and to the separate components <br />thereof constituting the OriginaUCombined Project and the Additional/Combined Project. <br />iv <br />I� <br />r <br />Section 15. Defaults. If the Lessee shall (a) default in the payment of any rentals or <br />other sums payable to the Authority hereunder, or in the payment of any other sum herein <br />required to be paid for the Authority, (b) fail to comply with the terms set forth in the Lease <br />Resolution, or (c) default in the observance of any other covenant, agreement or condition hereof, <br />and such default under (c) shall continue for ninety (90) days after written notice to correct the <br />same, then, in any of such events, the Authority may proceed to protect and enforce its rights, <br />either at law or in equity, by suit, action, mandamus or other proceedings, whether for specific <br />performance of any covenant or agreement contained herein or for the enforcement of any other <br />appropriate legal or equitable remedy. <br />Section 16. Notices. Whenever either party shall be required to give notice to the other <br />under this Lease, it shall be sufficient service of such notice to deposit the same in the United <br />States mail, in an envelope duly stamped, registered and addressed to the other party at its last <br />known place of business. A copy of any notice shall be mailed by first -class mail to the Trustee <br />at its last known place of business. <br />Section 17. Construction of Covenants. All provisions contained herein shall be <br />construed in accordance with the provisions of the Act and to the extent of inconsistencies, if any, <br />between the covenants and agreements in this Lease and the provisions of the Act, the provisions <br />of said Act shall be deemed to be controlling and binding-upon the parties. <br />Section 18. Successors or Assigns. All covenants of this Lease, whether by the <br />Authority or the Lessee, shall be binding upon the successors and assigns of the respective parties <br />hereto. <br />-10- <br />