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date (bond year) on such Bonds plus $2,000, payable in equal <br />semiannual installments. Such amount of reduced annual rental <br />shall be endorsed on this Lease at the end hereof by the parties <br />hereto as soon as the same can be done after the sale of said <br />Bonds, and such endorsement shall be recorded as an addendum to <br />this Lease. <br />The Lessee will not take any action or fail to take any <br />action that would result in the loss of the exclusion from gross <br />income for federal tax purposes of interest on the Bonds pursuant <br />to Section 103(a) of the Internal Revenue Code of 1986, as <br />amended (the "Code "), as in effect on the date of delivery of the <br />Bonds, nor will the Lessee act in any manner which would <br />adversely affect such exclusion. The Lessee further covenants <br />that it will not make any investment or do any other act or thing <br />during the period that any Bond is outstanding hereunder which <br />would cause any Bond to be an "arbitrage bond" within the meaning <br />of Section 148 of the Code and the regulations thereunder as in <br />effect on the date of delivery of the Bonds. All officers, <br />members, employees and agents of the Lessee are authorized and <br />directed to provide certifications of facts and estimates that <br />are material to the reasonable expectations of the Lessee as of <br />the date the Bonds are issued and to enter into covenants on <br />behalf of the Lessee evidencing the Lessee's commitments made <br />herein. <br />Section 5. Abatement of Rent. In the event the Garage to be <br />erected on the premises shall be damaged or destroyed so as to <br />render the same unfit for use as a parking garage facility, it <br />shall then be the obligation of the Authority to restore and <br />rebuild the Facility as promptly as may be done, unavoidable <br />strikes and other causes beyond the control of the Authority <br />excepted, if, in the opinion of an independent registered <br />architect, registered engineer, construction manager or <br />contractor selected by the Lessee and acceptable to the Trustee, <br />(i) the cost of such restoration or rebuilding does not exceed <br />the amount of the proceeds received by the Authority from the <br />insurance provided for in Section 9 hereof plus other moneys <br />available therefor and (ii) such restoration or rebuilding can be <br />completed within the period of time covered by the rental value <br />insurance provided for in Section 9 hereof. If either or both <br />conditions shall not exist, the proceeds received from the <br />insurance provided for in Section 9 hereof shall be applied to <br />the option to purchase price provided for in Section 14 hereof. <br />The rental shall be abated for the period during which the <br />Facility is unfit for use as a parking garage facility. <br />Section 6. Net Lease. It is expressly understood and agreed <br />that this Lease shall be what is known as a net lease (i.e., the <br />rent being absolutely net to the Authority and that all other <br />expenses in connection with the Facility of any nature whatsoever <br />shall be those of the Lessee) and that during the lease term the <br />Lessee shall be obligated to pay as its expenses without <br />reimbursement from the Authority all costs of taxes and <br />-4- <br />