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765
CITY-OF-BATESVILLE
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1968
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765
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4/30/2019 2:23:32 PM
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"W <br />D. Purchli_e Price. The purcii se p?_ice payable if the Lessee <br />exercises Lessee's option to purchase the leased premises under the provisions <br />of Paragraphs A, B or C of this Section, shall be the full amount necessary <br />under the provisions of the Trust Indenture to pay or redeem (on the first date <br />thereafter on which all outstanding bonds may be redeemed after giving the <br />necessary notice) all outstanding bonds (including, without limitation, principal, <br />interest, redemption premiums, if any, expenses of redemption and the Trustee's <br />and Paying Agent's fees) , but after deduction of any amount then in the Bond <br />Fund and available for payment and redemption. In any case, if no bonds shall <br />be outstanding at the time of purchase, or the redemption or payment of the bonds <br />shall be or have been otherwise provided for, the purchase price of the leased <br />premises shall be One Hundred Dollars ($100.00). <br />E. Any of the foregoing options may be exercised by giving written <br />notice to Lessor of the exercise thereof specifying the time and place of closing. <br />At the closing, Lessor shall, upon payment of the purchase price hereinabove <br />specified, deliver to Lessee a general warranty deed, bills of sale and other <br />appropriate conveyance instruments transferring good and merchantable title to <br />the leased premises free and clear of all liens and encumbrances except those <br />to which title was subject when leased hereunder, or resulting from any failure <br />of Lessee to perform any of its obligations under this Lease and Agreement; pro- <br />vided, however, that if such option is exercised under the provisions of sub- <br />paragraph A (iii) of this Section, such title may be subject to the rights, titles <br />and interests of any party having taken or who is attempting to take title to or <br />use of all or part of the leased premises by eminent domain. <br />
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