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L E A S E <br />This Lease entered into as of the first day of June, 1988 <br />between SOUTH BEND REDEVELOPMENT AUTHORITY, a body corporate and <br />politic organized and existing under Indiana Code 36 -7 -14.5 (the <br />"Authority ") and SOUTH BEND REDEVELOPMENT COMMISSION (the <br />"Lessee "). <br />WITNESSETH: <br />Section 1. Definitions. The terms defined in this Section 1 <br />shall for all purposes of this Lease have the meanings herein <br />specified unless the context otherwise requires. <br />"Act" means Indiana Code 36 -7 -14.5, as the same from time to <br />time may be amended or supplemented. <br />"Authority" means the South Bend Redevelopment Authority, a <br />body corporate and politic organized and existing under the Act. <br />"Bonds" means South Bend Redevelopment Authority Lease Rental <br />Revenue Bonds (Stadium Facility Project). <br />"Facility" means the real estate in South Bend, Indiana <br />described in Exhibit A hereto and the stadium thereon more <br />commonly known as the Stanley Coveleski Regional Stadium. <br />"Lease" means this Lease as the same may be amended, modified <br />or supplemented by any amendments or modifications hereof and <br />supplements hereto entered into in accordance with the provisions <br />hereof. <br />"Lessee" means the South Bend Redevelopment Commission or if <br />said commission shall be abolished the commission, board, body or <br />agency succeeding to the principal functions thereof. <br />"Lease Resolution" means the resolution of the Authority <br />passed on June 17, 1988, establishing funds for the payment of <br />Lease rentals. <br />"Permitted Encumbrances" means those items listed in <br />Exhibit B hereto and any future (a) liens for taxes not then <br />delinquent, (b) this Lease and the Trust Agreement, leases, <br />subleases and other agreements permitted pursuant to Section 13 <br />hereof, (c) utility, access and other easements and rights -of- <br />way, restrictions and exceptions that the Lessee certifies will <br />not interfere with or impair the Facility, (d) any mechanics', <br />laborers', materialmen's, suppliers' or vendors' lien or right in <br />respect thereof if payment is not yet due and payable and (e) <br />such minor defects, irregularities, encumbrances, easements, <br />rights -of -way and clouds on title as normally exist with respect <br />to property similar in character to the Facility and as do not, <br />