6.C.(2) Lease Termination Agreement (SASCO)

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LEASE TERMINATION AGREEMENT For and in consideration of the mutual promises and covenants of the parties set forth herein and other good and valuable consideration,. the receipt and sufficiency thereof is hereby acknowledged, THE SOUTH BEND REDEVELOPMENT COMMISSION (the "Commission") and TEACHERS CREDIT UNION ("TCU") hereby agree as follows: RECITALS WHEREAS, the Commission and Studebaker Autoparts Sales Corp. ("SASCO") entered into a written Lease Agreement dated January 7, 2000 ("Lease") whereby SASCO leased from the Commission that certain parcel of real estate of approximately 2.8 acres in the City of South Bend, St. Joseph County, Indiana located at as 410 West Sample Street, and a structure thereon known as the Studebaker Engineering Building, or Building #92, (collectively the "Premises") for an initial term of ten (10) years, commencing January 7, 2000 and with an option to renew the Lease for two (2) additional five (5) year terms (the "Renewal Terms") for that rent and other consideration set forth in the Lease; and WHEREAS, TCU provided certain loans to SASCO (the "Loans") secured by, among other things, a collateral assignment of the Lease (the ``Collateral Assignment") and a security interest (the ``Security Agreement") in all personal property of SASCO (the "Personal Property") (the Collateral Assignment and the Security Agreement are sometimes hereafter referred to collectively as the "Security Documents"); and WHEREAS, SASCO has defaulted on the Loans and TCU has enforced its rights pursuant to the Security Documents and has, or shortly will, purchase the Personal Property at Public Sale and take possession of the Premises; and