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• "Lease Agreement" --This Lease Agreement and any amendments and supplements hereto. "Lease Payments" --All amounts required to be paid by the Company to the Issuer(and the Trustee as the assignee of the Issuer)pursuant to Section 5.3 of this Lease Agreement. "Mayor" -- The person holding the office and performing the duties of the Mayor of the Issuer. "Option to Purchase" -- The option to purchase the Premises provided to the Company pursuant to Section 10.2 of this Lease Agreement. "Options to Extend"--The options to extend this Lease Agreement set forth in Section 10.1 of this Lease Agreement. "Outstanding" -- When used with reference to the Bonds, as of any particular date, the aggregate of all Bonds authenticated and delivered under the Indenture, except: (a) Bonds canceled at or prior to such date or delivered to or acquired by the Trustee prior to such date for cancellation; (b) Bonds deemed to be paid in accordance with Article IX of the Indenture; and © (c) Bonds in lieu of or in exchange or substitution for which other Bonds shall have been authenticated and delivered pursuant to the Indenture. "Permitted Encumbrances"--(i)This Lease Agreement and the Indenture;(ii)liens for taxes, assessments, and other governmental charges not then delinquent or being contested in good faith and by appropriate proceedings;(iii)any mechanic's,laborer's,materialmen's,worker's,repairmen's, employee's, supplier's,or vendor's lien(or other like lien)arising in the ordinary course of business or in connection with the construction of the Project and which are not yet due and payable or which are being contested in good faith and by appropriate proceedings; (iv) utility, access and other easements and rights of way, restrictions, reversions and exceptions that will not interfere with or impair the operations being conducted on the Premises or that are granted pursuant to the terms hereof, (v) such minor defects, irregularities, encumbrances, easements, rights of way, and clouds on title as normally exist with respect to properties similar in character to the Project and as do not materially impair the value or utility of the Project', (vi) any leasehold mortgage; (vii) any other encumbrance shown on a title policy commitment obtained by the Company as of the date of issuance of the Bonds;and(viii)any other defect,irregularity,encumbrance,easement,right of way or cloud on title which is waived or permitted in writing by the Company. "Premises"--The land,buildings,improvements,machinery,equipment and facilities leased by this Lease Agreement and described in Section 5.1 hereof. O 4