Resolution No 16-2024 - Related to Property Conveyance to McCormick Company Lathrop St.

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.0 • Section 12.5. Amendments Cha�ea and Modifications. Except a:e ,,yherwise provided h this Lease or in the Inden- ture, subsequent to the initial issuance of Bonds and prior to their payment in full (or provision for the payment thereof having been made in accordance with the provisions of the Indenture), this Lease may not be effectively amended, changed, modified, altered or terminated without the written consent of the Trustee. Section 12.6. Execution Counter arts. This Lease may be executed in severs counterparts, each of which shall be an original. section 12.7. Other Instruments. (a) In order to assure perfection of the respective security interests of the Lessor and the Trustee in and to certain tangible personal property which may constitute a part of the machinery or equipment of the Project, the Lessee agrees that on the Completion Date it will furnish the Lessor and the Trustee with a written opinion of counsel to the effect that all appropriate steps on the part of the Lessee then necessary to permit perfection of such respective interests of the Lessor and the Trustee under the Indenture as may be created by this Lease in and to all tangible personal property as against third party creditors of and purchasers for value in good faith from the Lessor or the Lessee have been taken. The Lessor agrees that on the Completion Date it will furnish the Trustee with a written opinion of counsel to the effect that all appropriate steps on the part of the Lessor then requisite to perfection (as aforesaid) of the respective security interests of the Trustee and the Lessor inand to all such personal property have been taken. Thereafter and at any such time as additional tangible personal property, whether as substitutions, replacements or otherwise, of an aggregate value in excess of $150,000 shall become part of the Project, the Lessee agrees to furnish to the Trustee, supplements to the aforementioned written opinions of counsel to the effect that all steps requisite to perfection of the foregoing security interests have been duly taken. All opinions required by this Section 12.7 shall specify the further refilings and renewals required in order to continue perfection of such security interests for so long as the Bonds shall be outstanding under the terms of the Indenture. (b) The Lessee and the Lessor agree to enter into and sign all instruments (including financing statements) deemed 2'39 ,, 253 XII-2