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~~ <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 al l• costs of taxes and <br />assessments, if any, and maintenance and use in connection with <br />or relating to the Facility, including but not limited to, all <br />costs and expenses of decoration, maintenance,-utility, <br />janitorial and all other services, repair or replacement of all <br />parts of the. Facility or improvements of the Facility. • <br />Section 7. Nonliability of Authority. The Authority shall <br />not be liable for damage caused by hidden defects or failure to <br />• <br />keep the premises in repair•and shall not be liable for any <br />damage done or occasioned by or from plumbing, gas, water, <br />boilers, steam or other pipes or sewage or the bursting or <br />leaking of plumbing or heating fixtures. or waste or soil pipe in <br />connection with said premises, nor for damage occasioned by <br />water, snow or ice being upon sidewalks or coming through the <br />roof, skylight, trapdoor or otherwise. The Authority shall not <br />be liable for any injury to the Lessee or any sublessee of the <br />Lessee or any other person which injury occurs on, in or about <br />the Facility howsoever arising. The Authority shall not be <br />liable for .damage to the Lessee's property or to the property of <br />.any sublessee of the Lessee or of any other person which may be <br />located in, upon or about said premises. <br />Section 8. Alterations.. .Lessee shall have the right, <br />without the consent of the Authority, to make all alterations,. <br />modifications and additions and to do all remode'lings and <br />improvements it deems necessary or desirable to the Facility, <br />which do not reduce the rental value of the Facility. <br />.Section 9. Insurance. The Lessee, at its own expense, will, <br />during the full term of. the Lease, keep the Facility insured. <br />against physical loss or damage, however caused, with such <br />exceptions as are ordinarly~requred by insurers of--buildings or <br />facilities of a similar type, in good and responsible insurance <br />companies acceptable to the Authority. Such insurance shall be <br />in an amount at least equal to the greater of (i) the option to <br />purchase price or {ii) one hundred percent (100%)- of the full <br />replacement cost of such Facility as certified by a registered <br />architect, a registered engineer, or professional appraisal <br />engineer, selected by the Authority, on the effective date of <br />this Lease and on or before the first day of April of .each year <br />thereafter; provided that such certification shall not be <br />required so long as the amount of such insurance shall be in an <br />amount at least equal to the option to purchase price. Such <br />appraisal may be based upon a recognized index of .conversion <br />factors. In no event shall ;he insurance be in an amount which <br />causes the Lessee to be a co-insurer for the Facility. Such <br />i <br />I. <br />-~_ <br />-4- <br />