6097 (EXHIBIT A - E) - Laserfiche WebLink

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reasonably estimated Supplemental Rent to become due during the next succeeding Renewal Term. It is the intention of the Lessee that the decision to appropriate the Base Rentals and reasonably estimated Supplemental Rent pursuant to this Lease shall be made solely by the City Council of the Lessee, and not by any officer or official of the Lessee. The Lessee presently expects to, in each Fiscal Year of the Lessee during the Term of this Lease, appropriate funds for the Base Rentals and the reasonably estimated Supplemental Rent so that the Base Rentals and Supplemental Rent to be paid during the succeeding Fiscal Year will be available for such purposes. If, by the date on which the Lessee is required by law to have adopted a budget for the current fiscal year, sufficient funds are not appropriated by the City Council for the payment of the Base Rentals and the reasonably estimated Supplemental Rent during such fiscal year and funds are not otherwise legally available for such purpose, the Lessee shall vacate the Leased Property as of the expiration of the Initial Term or Renewal Term for which funds have been appropriated. Section 2.03. Expiration or Termination of the Term of the Lease. The Term of this Lease will expire or terminate, as appropriate, as to the Lessee's right of possession of the Leased Property as described in Section 2.04 hereof, upon the first to occur of any of the following events: (a) the expiration of the Initial Term or any Renewal Term for which there occurs an Event of Nonappropriation (which is not thereafter waived by the Lessor as herein provided); (b) on the Optional Prepayment Date on which the Lessee has purchased the Lessor's interest in the Leased Property pursuant to Section 12.01 hereof; (c) an Event of Default and a termination of the Term of this Lease as to the possessory interest of the Lessee as herein provided; (d) discharge of the Indenture as therein provided; or (e) February 2, 2017, which date constitutes the day following the last Certificate Payment Date of the final scheduled Renewal Term of this Lease, or such later date as all Payments required hereunder are paid. Section 2.04. Effect on the Lessee of Expiration or Termination of the Term of the Lease. The expiration or termination of the Term of this Lease as to the Lessee's right of possession of the Leased Property pursuant to Section 2.03 hereof will terminate all obligations of the Lessee hereunder (except to the extent that the Lessee incurred any obligation to pay Payments from money previously appropriated and available for such purpose) and will terminate the Lessee's rights of use and occupancy of the Leased Property; provided, however, that all other terms of this Lease and the Indenture, including the continuation of the Lessee's purchase right under Section 12.01 hereof and all obligations of the Lessor with respect to the Owners of the Certificates and the receipt and disbursement of funds will be continuing until the lien of the Indenture is discharged or foreclosed, as provided in the Indenture. The termination or expiration of the Term of this Lease as to the Lessee's right of possession pursuant to Section 2.03 hereof, of itself, will not discharge the lien of the Indenture. -3-