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<br />completion of the IMPROVEMENTS, For this purpose, "force <br />majeure" shall mean any contingency or cause beyond the <br />reasonable control of OWNER including, without limitation, acts <br />of God, or the public enemy, any natural disaster, war, riot, <br />civil commotion, insurrection, governmental or de facto <br />governmental action, unless caused by acts or omissions of OWNER, <br />fires, explosions, accidents, floods, and labor disputes or <br />strikes, The date of completion of the IMPROVEMENTS shall be <br />defined as the date a Certificate of Occupancy is issued by the <br />City of Paris. <br /> <br />IV. <br /> <br />Consideration <br />Improvements <br /> <br />4,1, The OWNER agrees and covenants that it will diligently <br />and faithfully, in a good and workmanlike manner, pursue the <br />completion of the IMPROVEMENTS as a good and valuable <br />consideration of this AGREEMENT, OWNER further covenants and <br />agrees that all construction of the IMPROVEMENTS will be in <br />accordance with all applicable state and local laws, codes and <br />regulations or valid waiver thereof. In further consideration, <br />OWNER shall thereafter, from the date a Certificate of Occupancy <br />is issued until the expiration of this AGREEMENT, continuously <br />operate and maintain the PROPERTY as an assembly or manufacturing <br />plant. <br /> <br />V. <br /> <br />Consideration <br />Jobs <br /> <br />5,l. Not later than January 1, 1992, OWNER will create at <br />least twenty (20) new, permanent jobs at the Paris Plant for work <br />to be performed substantially either (a) at the site of the <br />Improvements, or (b) in support of operations performed by others <br />at the site of the IMPROVEMENTS. <br /> <br />5.2, OWNER agrees that, during that portion of the term of <br />the AGREEMENT occurring subsequent to January 1, 1992, including <br />the extension of the primary term as provided in Section VII, it <br />will not reduce below twenty (20) the number of such new, <br />permanent jobs so created. <br /> <br />VI. <br /> <br />DEFAULT <br /> <br />6,1, In the event that (a) the IMPROVEMENTS for which an <br />abatement has been granted are not completed in accordance with <br />this AGREEMENT or (b) OWNER allows its ad valorem taxes owed the <br />CITY to become delinquent and fails to timely and properly follow <br />the legal procedures for protest or contest of any such ad <br /> <br />-3- <br />