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• <br />installment due on February 1, 2009 ($270,000) and $115,000 of the mandatory sinkin <br />fund installment due on February 1, 2010); and g <br />WHEREAS, in light of such partial refunding of the Series 1998A Bonds, the <br />Authority and City have determined to amend the Lease as further provided herein; <br />NOW, THEREFORE, in the joint and mutual exercise of their powers, and in <br />consideration of the mutual covenants herein contained, the parties hereto recite and <br />agree and follows: <br />1. As of the Redemption Date, the Authority acknowledges the City's partial <br />prepayment of Lease Payments in the amount of $3,345,000 in accordance with Article <br />VIII of the Lease, and waives any notice requirements set forth in Section 8.2 thereof in <br />connection therewith. <br />2. The remaining Lease Payments under Section 4.2 are set forth in Exhibit A <br />hereto, which supersedes in all respects the Lease Payments set forth in Exhibit B to the <br />original Lease. <br />3. The Authority and City acknowledge that, after partial redemption of the <br />Series 1998A Bonds on the Redemption Date, the Reserve Requirement will be $86,500, <br />representing 10% of the outstanding principal amount of all series of Outstanding. Series <br />• 1998A Bonds. <br />4. The Lease remains in full force and effect and is not modified except as <br />expressly provided herein. <br />• <br />299583v1 SJB LNI40 -96 <br />2 <br />-8- <br />