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0 <br />.r <br />Section 410. It is understood that the project has been <br />leased to Batesville Rubber Company under a Lease Agreement dated <br />Octobw 24 , 1960, wherein the City is Lessor and <br />Batesville Rubber Company is Lessee. The performance of all covenants <br />and obligations of the Lessee has been unconditionally guaranteed by <br />Seiberling. The Lease Agreement is recorded in the office of the <br />Circuit Clerk and Ems: Officio Recorder of Independence County, <br />Arkansas and is referred to herein as the "Batesville Rubber <br />Company Lease". Sajd Lease sets forth the covenants and obligations <br />of the Lessee and reference is hereby made to the same for a <br />detailed statement of said covenants and obligations. The City <br />agrees to enforce all covenants and obligations of the Lessee under <br />the Batesville Rubber Company Lease and agrees that the Trustee in <br />its own name or in the name of the City may enforce all rights of <br />the Lessor and all obligations of the Lessee under and pursuant to <br />the said Lease for and on behalf of the bondholders whether or <br />not the Lessor (City) is in default in its covenant to enforce <br />such rights and obligations. <br />