Approving a Lease for the Stanley Coveleski Regional Stadium

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• its lease rental payment; (b) As additional rental the Lessee agrees to pay all fees, charges and reimbursement of expenses of the Trustee under the Trust Agreement and all prudent charges and expenses of the Authority incurred in the performance of its obligations hereunder. Section 4. Rental Payment Dates. The first rental installment shall be due on , in an amount which provides for rental at the yearly rate specified in Section 3 from the date the Facility is acquired by the Authority until . Thereafter such rentals shall be payable in advance in semiannual installments of Dollars ($ ) on and of each year. The last semiannual rental payment due before the expiration of this Lease shall be adjusted to provide for rental at the yearly rate specified above from the date such installment is due to the date of the expiration of this Lease. After the sale of the Bonds issued by the Authority to pay the cost of the Facility, including the acquisition of the site thereof and other expenses incidental thereto, the annual rental shall be reduced town amount equal to the multiple of One Thousand Dollars ($1,000) next highest to the highest sum of principal and interest due in any year ending on a bond maturity date (bond year) on such Bonds plus $2,000, payable in equal semiannual installments. Such amount of reduced annual rental shall be endorsed on this Lease at the end hereof by the parties hereto as soon as the same can be done after the sale of said Bonds, and such endorsement shall be recorded as an addendum to this Lease. Section 5. Abatement of Rent. In the event the Facility shall be damaged or destroyed so as to render the same unfit for use as a stadium, it shall then be the obligation of the Authority to restore and rebuild the Facility as promptly as may be done, unavoidable strikes and other causes beyond the control of the Authority excepted, if, in the opinion of an independent registered architect, registered engineer, construction manager or contractor selected by the Lessee and acceptable to the Trustee, (i) the cost of such restoration or rebuilding does not exceed the amount of the proceeds received by the Authority from the insurance provided for in Section 9 hereof plus other moneys available therefor and (ii) such restoration or rebuilding can be completed within the period of time covered by the rental value insurance provided for in Section 9 hereof. If either or both conditions shall not exist, the proceeds received from' the insurance provided for in Section 9 hereof shall be applied to the option to purchase price provided for in Section 14 hereof. If there is in force on the date of such damage or destruction insurance on the Facility and the rental value thereof, in accordance with the provisions of Section 9 hereof, the rental shall be abated for the period during which the -3-