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44W Page 10 (b) Together with the factory buildings and other buildings, permanent improvements, structures and facilities erected or at any time hereafter erected thereon; (c) Together with all machinery, equipment and fixtures of every kind and natlare whatever purchased out of the proceeds of the Act No. 9 and Amendment No. 49 Bonds, and placed on the site or in said faltory building and other buildings, improvements, structures and facilities erected on the site. In this regard, all such machinery, equipment and fixtures of every kind and nature therein shall be clearly marked by an appropriate tag or other device reflecting ownership by the Lessor. The said machinery, equipment and fixtures leased hereby shall be referred to herein as "Lessor's machinery, equipment and fixtures"; and (d) All improvements, accretions and appurtenances there- unto belonging or in any wise appertaining. All of the properties described and referred to above in (a), (b), (c) and (d) shall be referred to herein as the "leased premises". TO HAVE AND TO HOLD the leased premises unto the Lessee for the term of this lease as hereinafter set forth. Section 202. The term of this lease shall commence on the date hereof and shall end at midnight on the 31st day of July, 1981. Section 203. Commencing on the first day of August, 1961, and continuing during the balance of the term of this lease, Lessee covenants to pay Lessor, in the manner hereinafter provided in Section 204 hereof, basic annual rent of $100,000. The said basic annual rent for each yearly period shall be paid in approxi- mately equal monthly installments in advance on the first business day of each month. The basic annual rent set forth above has been determined by calculating the annual amount necessary to amortize over the period of twenty (20) years $1,300,000 of construction cost, as that term is defined in Section 106 of this Lease Agreement, at an annual rate of interest of 4-,L%. The said basic annual rental shall commence on the date specified above (being the first day of