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ARTICLE IV LEASE OF THE PROJECT; PAYMENT PROVISIONS Section 4.1. Granting of Leasehold Estate; Lease Term. As of the Issue Date of the Bonds, the Issuer hereby rents, leases, and lets the Project to the Company, and the Company hereby rents, leases, and hires the Project from the Issuer, for the rentals and upon and subject to the terms and conditions herein contained, for the Lease Term. Section 4.2. Lease Payments. The Company shall pay the following amounts to provide for payment of the interest on and principal of, and redemption premium, if any, on the Bonds, directly to the Trustee, in immediately available funds, for deposit in the Debt Service Fund, on the following dates, and otherwise as set out below: (a) Debt Service Fund--Interest: At or before 11:00 a.m., New York City time, on the Business Day preceding each Interest Payment Date or any other date that any payment of interest is required to be made in respect of the Bonds pursuant to the Indenture, an amount which is, together with any other moneys available for such purpose in the Debt Service Fund other than the Non-Eligible Moneys Account, not less than the interest to become due on all Outstanding Bonds on such Interest Payment Date or other date that interest is due. (b) Debt Service Fund--Principal: At or before 11:00 a.m., New York City time, on the Business Day preceding each each principal payment date on the Bonds (whether at maturity or upon mandatory sinking fund redemption or acceleration or otherwise), an amount which, together with any other moneys available for such purpose in the Debt Service Fund, is not less than the principal due on the Bonds on such principal payment date by maturity, mandatory sinking fund redemption, acceleration or otherwise. (c) Debt Service Fund--Redemption: On or before the Business Day preceding each the date required by this Lease Agreement or the Indenture, the amount required to redeem Bonds then Outstanding if the Company exercises its right to redeem Bonds under any provision of the Indenture or if any Bonds are required to be redeemed (other than pursuant to mandatory sinking fund redemption provisions) under any provision of the Indenture. The Company shall receive a credit against its obligations to make the Lease Payments under this Section and the obligation of the Company to make any such payment hereunder shall be deemed satisfied and discharged to the extent of the corresponding payment made by the Bank to the Trustee under the Letter of Credit; provided further, however, that to the extent such payment is not made under the Letter of Credit, the Company is obligated to make full payment. If the Company fails to make any of the payments required in this Section, the item or installment so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid, and the Company agrees to pay the same with interest thereon from the date when such payment was due until paid in full, at the rate of interest borne by the Bonds. Section 4.3. Additional Payments. The Company shall make the following additional payments to the following Persons: 2164784 -10-