1988-084-RES WHEREAS, the City Council did at it's regular meeting on January 11, 1988, in Resolution No. 88-001,

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18. ASSIGNMENT AND REGISTRATION REQUIREMENTS. Without Lessor's prior written consent, Lessee will not either: (i) assign, transfer, pledge, hypothecate, grant any security interest in or otherwise dispose of this Lease .!O~ the Equipment or (ii) sublet or lend the Equipment or permit it to be used by anyone other than the Lessee or the Lessee's employees. Lessor may assign its right, title and interest in and to this Lease, the Equipment and any other documents executed with respect to this Lease and/or grant or assign a security interest in this Lease and the Equipment, in whole or in part. Any such assignees shall have all of the rights of Lessor under this Lease. Subject to the foregoing, this Lease inures to the benefit of and is binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. No assignment or reassignment of any of Lessor's right, title or interest in this Lease or the Equipment shall be effective unless and until Lessee shall have received a duplicate original counterpart of the document by which the assignment or reassignment is made, disclosing the name and address of each such assignee; however, if such assignment is made to a bank or trust company as paying or escrow agent for holders of certificates of participation in the Lease, it shall thereafter be sufficient that a copy of the agency agreement shall have been deposited with Lessee until Lessee shall have been advised that such agency agreement is no longer in effect. During the Lease Term, Lessee shall keep a complete and accurate record of all such assignments in form necessary to comply with the United States Internal Revenue Code and the regulations, proposed or existing, from time to time promulgated thereunder. 19. EVENTS OF DEFAULT. The occurrence of anyone or more term "Event of Default", of the following events: as used herein, means the (a) Lessee fails to make any Lease Payment (or any other payment) as it becomes due in accordance wiith the terms of this Lease, and any such failure continues for ten (10) days after the due date thereof; or (b) Lessee fails to perform or observe any other covenant, condition or agreement to be performed or observed by it hereunder and such failure is not cured within twenty (20) days after written notice thereof by Lessor; or (c) The discovery by Lessor that any statement, representation or warranty made by Lessee in this Lease or in any writing ever delivered by Lessee pursuant hereto or in connection herewith is false, misleading or erroneous in any material respect. 20. REMEDIES. Upon the occurence of an Event of Default and as long as of Default is continuing, Lessor may, at its option, exercise anyone the following remedies: such Event or more of (a) By written notice to Lessee, declare an amount equal due under this Lease to be immediately due and payable, shall become immediately due and payable; to all amounts then whereupon the same (b) By written notice to the Lessee, request Lessee to (and Lessee agrees that it will), at Lessee's expense, promptly return the Equipment to Lessor in the manner set forth in Section 4 hereof; Lessor, at its option, may enter upon the premises where the Equipment is located and take immediate possession of and remove the same;