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DRS462 <br /> of the State of Washington shall lease the Improvements unless <br /> the City shall first obtain an opinion from nationally recognized <br /> bond counsel that the lease of the Improvements or portion <br /> thereof to the proposed tenant will not have an adverse effect on <br /> the tax-exempt status of the interest portion of Lease Payments. <br /> Notwithstanding anything in this Lease to the contrary, all <br /> rental income received by Lessor from such approved tenants shall <br /> be credited against Lease Payments otherwise payable by the City <br /> under this Lease. Upon payment in full of all Lease Payments to <br /> Lessor (whether by payments from City or credits of payments from <br /> tenants other than the City) , this Lease shall terminate. <br /> 17. 3 Leases upon Default. If the City defaults under <br /> Section 18 . 1 hereof and Lessor re-enters the Leased Premises <br /> without terminating this Lease, then Lessor shall use its best <br /> efforts to sublease the Premises. Notwithstanding anything in <br /> this Lease to the contrary, all rental income received by Lessor <br /> from such approved tenants shall be credited against Lease <br /> Payments otherwise payable by the City under this Lease. Upon <br /> payment in full of all Lease Payments to Lessor (whether by <br /> payment from City or credits from payments from tenants other <br /> than the City, or otherwise) this Lease shall terminate. <br /> ARTICLE XVIII: DEFAULT BY CITY <br /> 18 . 1 Defaults. Time is of the essence hereof, and in the <br /> event that (i) City shall default in the payment of Lease; <br /> Payments, or (ii) City shall default in the performance or <br /> observance of any of the other terms, covenants, conditions or <br /> agreements of this Lease which default is not cured within thirty <br /> (30) days after written notice and demand, or if such default <br /> shall be of such a nature that the same cannot practicably be <br /> cured within said thirty (30) day period and City shall not <br /> within said thirty (30) day period commence with due diligence <br /> and dispatch the curing and performance of such defaulted term, <br /> covenant, condition or agreement, or if City shall within said <br /> thirty (30) day period commence with due diligence and dispatch <br /> to cure and perform such defaulted term, covenant, condition or <br /> agreement and shall thereafter fail or neglect to prosecute and <br /> complete with due diligence and dispatch the curing and <br /> performance of such defaulted term, covenant, condition or <br /> agreement; or (iii) there shall be filed by or against City in <br /> any court or other tribunal pursuant to any statute or other rule <br /> of law, either of the United States or of any state or of any <br /> other authority now or hereafter exercising jurisdiction, a <br /> petition in bankruptcy or insolvency proceedings or for <br /> reorganization or for the appointment of a receiver of trustee of <br /> all or substantially all of City's property, or for any other <br /> form of debtor relief, unless such petition be filed against City <br /> and if in good faith City shall promptly thereafter commence and <br /> diligently prosecute any and all proceedings appropriate to <br /> secure the dismissal of such petition and shall secure such <br /> B-16 <br />