Laserfiche WebLink
N <br />and unpaid interest thereon and the costs of redemption thereof. <br />Such payment shall not be made until the Trustee gives to the <br />Lessee a written statement that such amount will be sufficient to <br />retire all Bonds including all premiums payable on the redemption <br />thereof and accrued and unpaid interest. <br />The remainder of such purchase price, if any, shall be paid <br />by the Lessee to the Authority. Nothing herein contained shall <br />be construed to provide that the Lessee shall be under any <br />obligation to purchase the Facility, or under any obligation in <br />respect to any creditors or bondholders of the Authority. <br />If the Lessee has not exercised its option to purchase the <br />Facility at the expiration of the term of the Lease and upon the <br />full discharge and performance by the Lessee of its obligations <br />under this Lease, Authority shall execute a deed of the Facility <br />to the Lessee conveying good and merchantable title thereto, <br />subject only to Permitted Encumbrances. <br />Section 15. Utility Service. The Lessee agrees to pay or <br />cause to be paid all charges for sewer, gas, water, electricity, <br />light, heat or power, telephone or other utility service used, <br />rendered or supplied upon or in connection with the Facility <br />throughout the term of this Lease, and to indemnify the Authority <br />and save it harmless against any liability or damages on such <br />account. Lessee shall also at its sole cost and expense procure <br />any and all necessary permits, licenses, or other authorizations <br />required for the lawful and proper installation and maintenance <br />upon the Facility of wires, pipes, conduits, tubes, and other <br />equipment and appliances for use in supplying any such service to <br />and in the Facility. <br />Section 16. Defaults. If the Lessee shall (a) default in <br />the payment of any rentals or other sums payable to the Authority <br />hereunder, or in the payment of any other sum herein required to <br />be paid for the Authority, (b) fail to comply with the terms set <br />forth in the Lease Resolution, or (c) default in the observance <br />of any other covenant, agreement or condition hereof, and such <br />default under (c) shall continue for ninety (96) days after <br />written notice to correct the same, then, in any of such events, <br />the Authority may proceed to protect and enforce its rights, <br />either at law or in equity, by suit, action, mandamus or other <br />proceedings, whether for specific performance of any covenant or <br />agreement contained herein or for the enforcement of any other <br />appropriate legal or equitable remedy. <br />Section 17. Notices. Whenever either party shall be <br />required to give notice to the other under this Lease, it shall <br />be sufficient service of such notice to deposit the same in the <br />United States mail, in an envelope duly stamped, registered and <br />addressed to the other party at its last known place of business. <br />A copy of any notice shall be mailed by first -class mail to the <br />Trustee at its last known place of business. <br />-7- <br />