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"Palais Royale Principal and Interest Account" means the account by that name created
<br />in the Redevelopment District Bond Fund by the Original Lease Resolution.
<br />"Permitted Encumbrances" means those items listed in Exhibit A hereto and any future
<br />(a) liens for taxes not then delinquent, (b) this Lease and the Trust Agreements, leases, subleases
<br />and other agreements permitted pursuant to Section 13 hereof, (c) utility, access and other
<br />easements and rights -of -way, restrictions and exceptions that Lessee certifies will not interfere
<br />with or impair the Project, (d) any mechanics', laborers', materialmen's, suppliers' or vendors'
<br />lien or right in respect thereof if payment is not yet due and payable and (e) such minor defects,
<br />irregularities, encumbrances, easements, rights -of -way and clouds on title as do not, in the opinion
<br />of the Trustee, materially impair the Authority's title or Lessee's use of the Project.
<br />"Project" means, for purposes of this Lease and the payments to be made hereunder, the
<br />facilities consisting of the Original Project, the Additional Project and the Combined Project.
<br />"Redevelopment District Bond Fund" means the Redevelopment District Bond Fund of
<br />Lessee authorized by Indiana Code 36- 7 -14 -27 and the Lease Resolutions.
<br />"Additional Trust Agreement" means the Trust Agreement dated as of May 1, 1997,
<br />between the Authority and the Trustee, securing the Additional Bonds, as defined herein.
<br />"Original Trust Agreement" means the Trust Agreement dated as of June 1, 1992, between
<br />the Authority and the Trustee, securing the Original Bonds, as defined herein.
<br />"Trust Agreements" means, collectively, the Original Trust Agreement and the Additional
<br />Trust Agreement as defined herein.
<br />"Trustee" means Norwest Bank Indiana, N.A., 111 East Wayne, Fort Wayne, Indiana
<br />46801 -6642, as Trustee pursuant to each of the Trust Agreements, and any successor trustee.
<br />Any term not defined herein, which is defined in the Lease Resolutions or in the Trust
<br />Agreements, shall have the meaning as defined in such resolutions or agreements.
<br />Section 2. Lease of Project. (a) In consideration of the rentals and other terms and
<br />conditions herein specified the Authority does hereby lease, demise and let to the Lessee the
<br />Original/Combined Project: TO HAVE AND TO HOLD the same with all rights, privileges,
<br />easements and appurtenances thereunto belonging, unto the Lessee for a term not to exceed
<br />thirteen (13) years, beginning on August 26, 1992, and ending on the day prior to such date at
<br />most thirteen (13) years thereafter.
<br />(b) In consideration of the rentals and other terms and conditions herein specified the
<br />Authority does hereby lease, demise and let to the Lessee the Additional/Combined Project: TO
<br />HAVE AND TO HOLD the same with all rights, privileges, easements and appurtenances
<br />thereunto belonging, unto the Lessee for a term not to exceed twenty (20) years, beginning on
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