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<br />9 <br />Release of Leased Property <br />Under the Lease, the City has the option at any time and from time to time during the <br />term of the Lease to release from the Lease any portion of the Leased Property (the “Released Property”); provided that the City satisfies all of the requirements under the Lease that are <br />conditions precedent to such removal, which include (among others) the following: <br />• No Event of Default under the Lease has occurred and is continuing. <br />• The City has certified in writing to the Authority and the Trustee that the value of the property which remains subject to the Lease following such release is at least <br />equal to the aggregate outstanding principal amount of the Bonds, and the fair rental value of the property which remains subject to the Lease following such release is at least equal to the Lease Payments thereafter coming due and <br />payable. <br />• The City has mailed written notice of the release to each rating agency that then <br />maintains a rating on the Bonds. <br />Such release may be made without the consent of the Owners of the Bonds. The City is not entitled to any reduction, diminution, extension or other modification of the Lease Payments <br />as a result of a release. The Authority and the City shall execute, deliver and cause to be <br />recorded all documents required to discharge the Site Lease, this Lease and the Assignment Agreement of record against the Released Property. See “APPENDIX B – SUMMARY OF <br />PRINCIPAL LEGAL DOCUMENTS.” <br /> <br />