Prepared by MerrillDirect







EXECUTION COPY


 










Prepared
by and upon recording return to: W. Kirk Grimm, Esq., McGuireWoods LLP, 77 West
Wacker Drive, Chicago, Illinois 60601 (312) 849-3697


 


MASTER LEASE


dated
as of March 16, 2001


 


between


 


LEASE PLAN NORTH AMERICA, INC.,

as the Lessor


 


and


 


YAHOO! INC.,

as the Lessee


 


Sunnyvale, California Corporate
Headquarters Facility











This Lease is superior to a
deed of trust in favor of ABN AMRO Bank N.V., as Agent (the "Agent")
under the Participation Agreement dated as of March 16, 2001, among the Lessee,
the Lessor, the Participants and the Agent for the benefit of the
Participants.  This Lease has been
executed in counterparts.  To the
extent, if any, that this Lease constitutes chattel paper (as such term is
defined in the Uniform Commercial Code as in effect in any applicable
jurisdiction), no lien on this Lease may be created through the transfer of
possession of any counterpart other than the original counterpart containing
the receipt therefor executed by the Agent on the signature page hereof.











TABLE OF CONTENTS


	 
  	 
  
	
  ARTICLE I.
  
	 
  	 
  
	
  1.1
  	
  Definitions; Interpretation
  
	 
  	 
  
	
  ARTICLE II.
  
	 
  	 
  
	
  2.1
  	
  Acceptance and Lease
  of Property
  
	
  2.2
  	
  Acceptance
  Procedure; Appointment as Agent
  
	
  2.3
  	
  Lease Term
  
	
  2.4
  	
  Title
  
	 
  	 
  
	
  ARTICLE III.
  
	 
  	 
  
	
  3.1
  	
  Rent
  
	
  3.2
  	
  Payment of Basic Rent
  
	
  3.3
  	
  Supplemental Rent
  
	
  3.4
  	
  Method of Payment
  
	 
  	 
  
	
  ARTICLE IV.
  
	 
  	 
  
	
  4.1
  	
  Utility Charges
  
	 
  	 
  
	
  ARTICLE V.
  
	 
  	 
  
	
  5.1
  	
  Quiet Enjoyment
  
	 
  	 
  
	
  ARTICLE VI.
  
	 
  	 
  
	
  6.1
  	
  Net Lease
  
	
  6.2
  	
  No
  Termination or Abatement
  
	 
  	 
  
	
  ARTICLE VII.
  
	 
  	 
  
	
  7.1
  	
  Nature of
  Transaction; Intent of the Parties
  
	 
  	 
  
	
  ARTICLE VIII.
  
	 
  	 
  
	
  8.1
  	
  Condition of the Property
  
	
  8.2
  	
  Possession and Use
  of the Property
  
	 
  	 
  
	
  ARTICLE IX.
  
	 
  	 
  
	
  9.1
  	
  Compliance
  with Requirements of Law and Insurance Requirements
  
	 
  	 
  
	
  ARTICLE X.
  
	 
  
	
  10.1
  	
  Maintenance and Repair;
  Return
  
	 
  	 
  
	
  ARTICLE XI.
  
	 
  	 
  
	
  11.1
  	
  Modifications, Substitutions and
  Replacements
  
	 
  
	
  ARTICLE XII.
  
	 
  	 
  
	
  12.1
  	
  Warranty of Title
  
	
  12.2
  	
  Grants
  and Releases of Easements and Other Agreements
  
	 
  	 
  
	
  ARTICLE XIII.
  
	 
  	 
  
	
  13.1
  	
  Permitted
  Contests Other Than in Respect of Indemnities
  
	 
  	 
  
	
  ARTICLE XIV.
  
	 
  	 
  
	
  14.1
  	
  General
  Liability and Workers' Compensation Insurance
  
	
  14.2
  	
  Hazard and Other Insurance
  
	
  14.3
  	
  Coverage
  
	 
  	 
  
	
  ARTICLE XV.
  
	 
  	 
  
	
  15.1
  	
  Casualty and Condemnation
  
	
  15.2
  	
  Environmental Matters
  
	
  15.3
  	
  Notice of Environmental
  Matters
  
	 
  	 
  
	
  ARTICLE XVI.
  
	 
  	 
  
	
  16.1
  	
  Termination
  by the Lessee upon Certain Events
  
	
  16.2
  	
  Procedures
  
	
  16.3
  	
  Purchase of Property
  
	 
  	 
  
	
  ARTICLE XVII.
  
	 
  	 
  
	
  17.1
  	
  Events of Default
  
	
  17.2
  	
  Lease Remedies
  
	
  17.3
  	
  Waiver of Certain Rights
  
	
  17.4
  	
  Loan Remedies
  
	
  17.5
  	
  Remedies Cumulative
  
	
  17.6
  	
  The Lessee's Right to Cure
  
	 
  	 
  
	
  ARTICLE XVIII.
  
	 
  	 
  
	
  18.1
  	
  The
  Lessor's Right to Cure the Lessee's Defaults
  
	 
  	 
  
	
  ARTICLE XIX.
  
	 
  	 
  
	
  19.1
  	
  
Provisions
  Relating to the Lessee's Termination of this Lease or Exercise of Purchase
  Option or Obligation and Conveyance Upon Remarketing and Conveyance Upon
  Certain Other Events
  
	 
  	 
  
	
  ARTICLE XX.
  
	 
  	 
  
	
  20.1
  	
  Purchase Option
  
	
  20.2
  	
  Expiration Date
  Purchase Obligation
  
	
  20.3
  	
  Acceleration of
  Purchase Obligation
  
	 
  	 
  
	
  ARTICLE XXI.
  
	 
  	 
  
	
  21.1
  	
  Renewal
  
	 
  	 
  
	
  ARTICLE
  XXII.
  
	 
  	 
  
	
  22.1
  	
  Option to Remarket
  
	
  22.2
  	
  Certain Obligations Continue
  
	
  22.3
  	
  Support Obligations
  
	 
  	 
  
	
  ARTICLE XXIII.
  
	 
  	 
  
	
  23.1
  	
  Holding Over
  
	 
  	 
  
	
  ARTICLE XXIV.
  
	 
  	 
  
	
  24.1
  	
  Risk of Loss
  
	 
  	 
  
	
  ARTICLE XXV.
  
	 
  	 
  
	
  25.1
  	
  Subletting and Assignment
  
	 
  	 
  
	
  ARTICLE XXVI.
  
	 
  	 
  
	
  26.1
  	
  Estoppel Certificates
  
	 
  	 
  
	
  ARTICLE XXVII.
  
	 
  	 
  
	
  27.1
  	
  Right to Inspect
  
	
  27.2
  	
  No Waiver
  
	 
  	 
  
	
  ARTICLE XXVIII.
  
	 
  	 
  
	
  28.1
  	
  Acceptance of Surrender
  
	 
  	 
  
	
  ARTICLE XXIX.
  
	 
  	 
  
	
  29.1
  	
  No Merger of Title
  
	 
  	 
  
	
  ARTICLE XXX.
  
	 
  	 
  
	
  30.1
  	
  Notices
  
	 
  	 
  
	
  ARTICLE XXXI.
  
	 
  	 
  
	
  31.1
  	
  Miscellaneous
  
	
  31.2
  	
  Amendments and
  Modifications
  
	
  31.3
  	
  Successors and Assigns
  
	
  31.4
  	
  Headings and Table of
  Contents
  
	
  31.5
  	
  Counterparts
  
	
  31.6
  	
  GOVERNING LAW
  
	
  31.7
  	
  Limitations on Recourse
  
	
  31.8
  	
  Original Lease
  
			



 






SCHEDULE


	
  SCHEDULE 17.2(j)
  	
  Specific Provisions for Commercially
  Reasonable Standards
  
	 
  	 
  
	
  APPENDICES
  	 
  
	 
  	 
  
	
  APPENDIX
  I
  	
  Definitions
  and Interpretation
  
	 
  	 
  
	
  EXHIBITS
  	 
  
	 
  	 
  
	
  EXHIBIT
  A
  	
  Form
  of Lease Supplement
  
	
  EXHIBIT B
  	
  Legal Description of
  Land
  



 










MASTER LEASE


             THIS MASTER LEASE (as amended,
supplemented or otherwise modified from time to time, this "Lease"),
dated as of March 16, 2001, is by and between LEASE PLAN NORTH AMERICA, INC.,
an Illinois corporation, having its principal office at 135 S. LaSalle Street
Chicago, Illinois 60603, as the lessor (together with its permitted successors
and assigns, the "Lessor") and YAHOO! INC., a Delaware
corporation, having its principal office at 3420 Central Expressway, Santa
Clara, California 95051, as the lessee (the "Lessee").


W I T N E S S E T H:


             A.         WHEREAS,
the Lessor will purchase the Phase I Facility on the Land Interest Acquisition
Date therefor and will purchase the Phase II Facility on the Land Interest
Acquisition Date therefor, and each of the Phase I Facility and the Phase II
Facility will be leased to the Lessee subject to the terms of this Lease from
and after the relevant Land Interest Acquisition Date; and


             B.          WHEREAS,
on the applicable Lease Term Commencement Date, the Lessor desires to lease to
the Lessee and the Lessee desires to lease from the Lessor, the relevant
portion of the Property pursuant to this Lease.


             NOW, THEREFORE, in consideration of
the foregoing, and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:


ARTICLE I.


             1.1        Definitions;
Interpretation. 
Capitalized terms used
but not otherwise defined in this Lease have the respective meanings specified
in Appendix 1 to this Lease; and the rules of interpretation set forth
in Appendix 1 to this Lease shall apply to this Lease.


ARTICLE
II.


             2.1        Acceptance and Lease of Property.  Effective as of the Closing Date, the Lessor,
subject to the satisfaction or waiver of the applicable conditions set forth in
Section 6 of the Participation Agreement, hereby agrees to acquire the Phase I
Facility on the initial Land Interest Acquisition Date pursuant to the terms of
the Participation Agreement, and to lease to the Lessee hereunder for the Term
(as defined in Section 2.3), the Lessor's interest in such Phase I
Facility and, subject to satisfaction or waiver of the applicable conditions
set forth in Section 6 of the Participation Agreement, effective as of the Land
Interest Acquisition Date in respect of the Phase II Facility, the Phase II
Facility, and the Lessee hereby agrees, expressly for the direct benefit of the
Lessor, to lease commencing on the applicable Lease Commencement Date from the
Lessor for the Term, the Lessor's interest in each such portion of the Property
to be delivered on the applicable Land Interest Acquisition Date and any
Improvements thereon pursuant to this Lease or the Participation Agreement.







             2.2        Acceptance Procedure;
Appointment as Agent.  The Lessor hereby authorizes one or more
employees of the Lessee, to be designated by the Lessee, as the authorized
representative or representatives of the Lessor to accept delivery on behalf of
the Lessor of the relevant portion of the Property identified on the applicable
Acquisition Request.  The Lessee hereby
agrees that such acceptance of delivery by such authorized representative or
representatives and the execution and delivery by the Lessee on each Land Interest
Acquisition Date of a Lease Supplement in the form of Exhibit A hereto
with respect to the applicable portion of the Property (appropriately
completed) shall, without further act, constitute the irrevocable acceptance by
the Lessee of the portion of the Property which is the subject thereof for all
purposes of this Lease and the other Operative Documents on the terms set forth
therein and herein. In addition, the Lessor hereby irrevocably designates and
appoints the Lessee as its agent for the purpose of supervising and monitoring
the performance of the Existing Owner in the completion, following each
applicable Land Interest Acquisition Date, of all outstanding punch list items
in respect of the relevant Improvements and all other obligations of the Existing
Owner in respect of the Property following each Land Interest Acquisition
Date.  The Lessee hereby unconditionally
agrees to act as said agent on behalf of the Lessor.


             2.3        Lease Term.  The term of this Lease (the "Term")
shall begin (1) with respect to the Phase I Facility, on the Land Interest
Acquisition Date applicable thereto; and (2) with respect to the Phase II
Facility, on the Land Interest Acquisition Date applicable thereto and, in each
case, shall end on the fifth anniversary of the Closing Date, unless the Term
is renewed or earlier terminated in accordance with the provisions of this
Lease.


             2.4        Title.  The Property is leased to the Lessee without
any representation or warranty of title, condition of any of the Improvements
or permitted uses, express or implied, by the Lessor and subject to the rights
of parties in possession, the existing state of title (including, without
limitation, the Permitted Exceptions) and all applicable Requirements of
Law.  The Lessee shall in no event have
any recourse against the Lessor for any defect in or exception to title to the
Property, other than for any such defect or exception constituting a Lessor
Lien.


ARTICLE III.


             3.1        
Rent.


                           (a)        
 During the Term, the Lessee shall pay
Basic Rent on each Payment Date, on the date required under Section 22.1(i)
in connection with the Lessee's exercise of the Remarketing Option and on any
date on which this Lease shall terminate.


                           (b)        Neither the Lessee's
inability or
failure to take possession of all or any portion of the Property when delivered
by the Lessor, nor the Lessor's inability or failure to deliver all or any
portion of the Property to the Lessee on or before the contemplated Lease
Commencement Date therefor, whether or not attributable to any act or omission
of the Lessee or any act or omission of the Lessor, or for any other reason
whatsoever (including any act or omission of the Existing Owner), shall delay
or otherwise affect the Lessee's obligation to pay Rent for the Property from
and after commencement of the Term.







             3.2        Payment of Basic Rent.  Basic Rent shall be paid absolutely net to
the Lessor, so that this Lease shall yield to the Lessor the full amount
thereof, without setoff, deduction or reduction, whether or not the Lessee's
quiet possession of the Property is disturbed.


             3.3        Supplemental Rent.  The Lessee shall pay to the Lessor or the
Person entitled thereto any and all Supplemental Rent promptly as the same
shall become due and payable, and if the Lessee fails to pay any Supplemental
Rent, the Lessor shall have all rights, powers and remedies provided herein or
by law or equity or otherwise in the case of nonpayment of Basic Rent.  The Lessee shall pay to the Lessor, as
Supplemental Rent, among other things, on demand, to the extent permitted by
Applicable Law, interest at the applicable Overdue Rate on any installment of
Basic Rent not paid when due for the period for which the same shall be overdue
and on any payment of Supplemental Rent not paid when due or demanded by the
Lessor for the period from the due date or the date of any such demand, as the
case may be, until the same shall be paid. 
The expiration or other termination of the Lessee's obligations to pay
Basic Rent hereunder shall not limit or modify the obligations of the Lessee
with respect to Supplemental Rent. 
Unless expressly provided otherwise in this Lease, in the event of any
failure on the part of the Lessee to pay and discharge any Supplemental Rent as
and when due, the Lessee shall also promptly pay and discharge any fine,
penalty, interest or cost which may be assessed or added under any agreement
with a third party for nonpayment or late payment of such Supplemental Rent,
all of which shall also constitute Supplemental Rent.


             3.4        Method of Payment.  Each payment of Rent shall be made by the
Lessee to the Lessor by 12:00 noon, Chicago time, at the place of payment
designated by Agent in funds consisting of lawful currency of the United States
of America which shall be immediately available on the scheduled date when such
payment shall be due, unless such scheduled date shall not be a Business Day,
in which case such payment shall be made on the next succeeding Business Day or
as otherwise required by the definition of the term "Interest Period"
set forth in Appendix 1 hereto. 
Payments initiated after 12:00 noon, Chicago time shall be deemed
received on the next succeeding Business Day for purposes of the second
sentence of Section 3.3 hereof, but shall be deemed received on the same
day for purposes of Section 17.1 hereof.


ARTICLE
IV.


             4.1        Utility Charges.  Subject to the Lessee's rights under the
terms of Article XIII relating to permitted contests, the Lessee shall
pay or cause to be paid all charges for electricity, power, gas, oil, water,
telephone, sanitary sewer service and all other rents and utilities used in or
on the Property during the Term.  The
Lessee shall be entitled to seek and receive any credit or refund with respect
to any utility charge paid by the Lessee and the amount of any credit or refund
received by the Lessor on account of any utility charges paid by the Lessee,
net of the costs and expenses reasonably incurred by the Lessor in obtaining
such credit or refund, shall be promptly paid over to the Lessee.  All charges for utilities imposed with
respect to the Property for a billing period during which this Lease expires or
terminates shall be adjusted and prorated on a daily basis between the Lessor
and the Lessee, and each party shall pay or reimburse the other for each
party's pro rata share thereof, except that if the Lessee retains possession of
the Property after termination or expiration of this Lease, no such adjustment
and proration shall be made.





ARTICLE V.


             5.1        Quiet Enjoyment.  Subject to the rights of the Lessor
contained in Section 17.2 and the other terms of this Lease and so long
as no Event of Default shall have occurred and be continuing, the Lessee shall
peaceably and quietly have, hold and enjoy the Property for the Term, free of
any claim or other action by the Lessor or anyone rightfully claiming by,
through or under the Lessor (other than the Lessee) with respect to any matters
arising from and after (i) the Land Interest Acquisition Date therefor, in
the case of the Phase I Facility, and (ii) the Land Interest Acquisition Date
therefor, in the case of the Phase II Facility.


ARTICLE
VI.


             6.1        Net Lease.
This Lease shall constitute a net lease. 
It is the further express intent of the Lessor and the Lessee that the
obligations of the Lessor and the Lessee hereunder shall be separate and independent
covenants and agreements and that the Basic Rent and Supplemental Rent, and all
other charges and sums payable by the Lessee hereunder, shall commence at the
times provided herein and shall continue to be payable in all events unless the
obligations to pay the same shall be terminated pursuant to an express
provision in this Lease.  Any present or
future law to the contrary notwithstanding, this Lease shall not terminate, nor
shall the Lessee be entitled to any abatement, suspension, deferment, reduction,
setoff, counterclaim, or defense (other than the defense of payment) with
respect to the Rent, nor shall the obligations of the Lessee hereunder be
affected (except as expressly herein permitted and by performance of the
obligations in connection therewith) by reason of: (i) any defect in the
condition, merchantability, design, construction, quality or fitness for use of
the Property or any portion thereof, or the failure of the Property to comply
with all Requirements of Law and Insurance Requirements, including any
inability to occupy or use the Property or any portion thereof by reason of
such non–compliance; (ii) any damage to, removal, abandonment, salvage,
loss, contamination of or Release from, scrapping or destruction of, or any
requisition or taking of the Property or any portion thereof; (iii) any
restriction, prevention or curtailment of or interference with any use of the
Property or any portion thereof; (iv) any defect in title to or rights to the
Property or any portion thereof or any Lien on such title or rights or on the
Property (other than Lessor Liens); (v) any change, waiver, extension,
indulgence or other action or omission or breach in respect of any obligation
or liability of or by the Lessor, the Agent or any Participant (other than the
breach by the Lessor of its covenant of quiet enjoyment set forth in Section
5.1); (vi) any bankruptcy, insolvency, reorganization, composition,
adjustment, dissolution, liquidation or other like proceedings relating to the
Lessee, the Lessor, the Agent, any Participant or any other Person, or any
action taken with respect to this Lease by any trustee or receiver of the
Lessee, the Lessor, the Agent, any Participant or any other Person, or by any
court, in any such proceeding; (vii) any claim that the Lessee has or might
have against any Person, including without limitation the Lessor, the Existing
Owner, any vendor, manufacturer, contractor of or for the Property, the Agent
or any Participant;  (viii) any failure
on the part of the Lessor to perform or comply with any of the terms of this
Lease, any other Operative Document or any other agreement (other than the
breach by the Lessor of its covenant of quiet enjoyment set forth in Section
5.1); (ix) any invalidity or unenforceability or illegality or
disaffirmance of this Lease, against or by the Lessee or any provision hereof
or any of the other Operative Documents or any provision of any thereof; (x)
the impossibility or illegality of performance by the Lessee, the Lessor or
both; (xi) any action by any court, administrative agency or other Governmental
Authority; (xii) any restriction, prevention or curtailment of or interference
with the construction on or any use of the Property or any portion thereof; or
(xiii) any other cause or circumstances whether similar or dissimilar to the
foregoing and whether or not the Lessee shall have notice or knowledge of any
of the foregoing.  The parties intend
that the obligations of the Lessee hereunder shall be covenants and agreements
that are separate and independent from any obligations of the Lessor hereunder
or under any other Operative Document and the obligations of the Lessee shall
continue unaffected unless such obligations shall have been modified or
terminated in accordance with an express provision of this Lease.







             6.2        No Termination or Abatement.  The Lessee shall remain obligated under this
Lease in accordance with its terms and shall not take any action to terminate
(except as provided herein), rescind or avoid this Lease, notwithstanding any
action for bankruptcy, insolvency, reorganization, liquidation, dissolution, or
other proceeding affecting the Lessor, the Agent, any Participant or the Lessee
or any action with respect to this Lease or any Operative Document which may be
taken by any trustee, receiver or liquidator of the Lessor, the Agent, any
Participant or the Lessee or by any court with respect to the Lessor, the Agent
or any Participant.  The Lessee hereby
waives, to the extent permitted by Applicable Law, all right (i) to terminate
or surrender this Lease (except as provided herein) or (ii) to avail itself of
any abatement, suspension, deferment, reduction, setoff, counterclaim or
defense (other than the defense of payment) with respect to any Rent.  The Lessee shall remain obligated under this
Lease in accordance with its terms and the Lessee hereby waives, to the extent
permitted by Applicable Law, any and all rights now or hereafter conferred by
statute or otherwise to modify or to avoid strict compliance with its
obligations under this Lease. 
Notwithstanding any such statute or otherwise, the Lessee shall be bound
by all of the terms and conditions contained in this Lease.


ARTICLE VII.


             7.1        Nature of Transaction; Intent of the Parties.


                           (a)         It is the intent
of the parties hereto
that: (i) this Lease constitutes an "operating lease" pursuant to
Statement of Financial Accounting Standards No. 13, as amended and interpreted,
for purposes of the Lessee's financial reporting, and (ii) for purposes of
federal, state, and local income or franchise taxes (and for any other tax
imposed on or measured by income) and documentary, intangibles and transfer
taxes, the transaction contemplated hereby is a financing arrangement and
preserves ownership in the Property in the Lessee.  The parties shall take no action inconsistent with such
intention.  Nevertheless, the Lessee
acknowledges and agrees that neither the Agent, the Lessor nor any Participant
(other than the Tranche Y Participant) has made any representations or
warranties to the Lessee concerning the tax, accounting or legal
characteristics of the Operative Documents and that the Lessee has obtained and
relied upon such tax, accounting and legal advice concerning the Operative
Documents as it deems appropriate.


                           (b)        Anything to the contrary
in the
Operative Documents notwithstanding, the Lessor and the Lessee intend and agree
that with respect to the nature of the transactions evidenced by this Lease in
the context of the exercise of remedies under the Operative Documents,
including, without limitation, in the case of any insolvency or receivership
proceedings or a petition under the United States bankruptcy laws or any other
applicable insolvency laws or statute of the United States of America or any
State or Commonwealth thereof or any foreign country affecting the Lessee, the
Lessor, or any Participant or any enforcement or collection actions arising out
of or relating to bankruptcy or insolvency laws, (i) the transactions evidenced
by this Lease shall be deemed to be loans made by the Lessor and the
Participants to the Lessee secured by the Property, (ii) the obligations of the
Lessee under this Lease to pay Basic Rent, Supplemental Rent, Asset Termination
Value or Residual Value Guarantee Amount in connection with a purchase of the
Property pursuant to this Lease shall be treated as payments of interest on
(with respect to Basic Rent), and principal of, respectively, loans from the
Lessor and the Participants to the Lessee, and (iii) this Lease grants a
security interest and mortgage or deed of trust lien, as the case may be, in
the Property to the Lessor and the Lease has been assigned by the Lessor to the
Agent for the benefit of the Participants to secure the Lessee's performance
under and payment of all amounts under this Lease and the other Operative
Documents.







                           (c)         Specifically, without limiting the

generality of subsection (b) of this Section 7.1, the Lessor and the Lessee
further intend and agree that, for the purpose of securing the Lessee's
obligations for the repayment of the above–described loans from the
Lessor and the Participants to the Lessee (the aggregate commitment from the
Participants as of the date hereof is Two Hundred Seventy Million Dollars
($270,000,000) and the maturity date of such loans as of the date hereof is March
16, 2006,), (i) this Lease shall also be deemed to be a security agreement and
financing statement within the meaning of Article 9 of the Uniform Commercial
Code and a real property mortgage of the Property; (ii) the conveyance provided
for in Article II shall be deemed to be a grant by the Lessee to the Lessor,
assigned by the Lessor to the Agent for the benefit of the Participants, of a
mortgage lien and security interest in all of the Lessee's right, title and
interest in and to the Property, except to the extent all or a portion of the
Property is released from this Lease in accordance with the Operative
Documents, and all proceeds of the conversion, voluntary or involuntary, of the
foregoing into cash, investments, securities or other property, whether in the
form of cash, investments, securities or other property (it being understood
that the Lessee hereby mortgages and warrants and grants a security interest in
the Property to Lessor to secure such loans); (iii) the possession by the
Lessor or any of its agents of any of the Collateral (as defined below) which
constitutes notes and such other items of property as constitute instruments,
money, negotiable documents or chattel paper shall be deemed to be
"possession by the secured party" for purposes of perfecting the
security interest pursuant to Section 9–305 of the Uniform Commercial
Code; and (iv) notifications to Persons holding such property, and
acknowledgments, receipts or confirmations from financial intermediaries,
bankers or agents (as applicable) of the Lessee shall be deemed to have been
given for the purpose of perfecting such security interest under Applicable
Law; provided that the foregoing provisions of this subsection 7.1(c) shall not
be deemed or construed so as to constitute the transactions evidenced under
this Lease as loans other than for the purposes described in subsection
7.1(a)(ii) and/or under the circumstances described in subsection 7.1(b).  The Lessor and the Lessee shall, to the extent
consistent with this Lease, take such actions and execute, deliver, file and
record such other documents, financing statements, mortgages and deeds of trust
as may be necessary to ensure that, if this Lease were deemed to create a
security interest in the Property in accordance with this Section, such
security interest would be deemed to be a perfected security interest of first
priority (subject to Permitted Exceptions) under Applicable Law and will be
maintained as such throughout the Term.


                           (d)        If the transactions
evidenced by this
Lease and the other Operative Documents can no longer be treated as an
operating lease pursuant to GAAP for accounting purposes (other than by reason
of the failure of the Lessor to maintain the minimum equity required by EITF
Issues 96–21 and 97–1), all provisions in the Operative Documents
limiting the Lessee's obligation to pay the Asset Termination Value (including
the Remarketing Option) on the Expiration Date or otherwise shall no longer
apply.  If any such change in accounting
treatment shall occur, the Lessee, the Lessor, the Agent and the Participants
shall negotiate in good faith to enter into such amendments to the Operative
Documents as may be reasonably necessary or desirable to reflect the foregoing.


                           (e)         In the event that,
after the date
hereof, the UCC as enacted and in effect in any applicable jurisdiction shall
be revised or amended or amendments thereto shall become effective, the Lessee,
the Lessor, the Agent and the Participants shall negotiate in good faith to
enter into such amendments to the Operative Documents as may be reasonably
necessary or desirable to effect the intended purposes of this Lease and the
other Operative Documents in light of such revisions or amendments.


                           (f)         Specifically,
without limiting the
generality of subsection (b) of Section 7.1, in order to
secure the Lessee's obligation to pay Basic Rent, Supplemental Rent, Asset
Termination Value, the Residual Value Guarantee Amount, the Purchase Option
Price and all other obligations owing by the Lessee under the Operative Documents
(the "Obligations"), the Lessee hereby grants, remises,
releases, aliens, conveys, transfers, mortgages, assigns and warrants to First
American Title Insurance Company, as trustee (as "Trustee")
for the benefit of Lessor WITH POWER OF SALE and right of entry and possession,
all of the Lessee's  right, title and
interest in and to the following (collectively, the "Collateral"):


                           (i)          all right,
title and interest of the
Lessee in and to the Property or any part thereof and the reversions,
remainders, rents, issues and profits thereof;



                           (ii)         all right, title
and interest of the
Lessee in and to all Fixtures and Improvements and all substitutes and
replacements of, and all additions and improvements to, the Improvements and
the Fixtures, subsequently acquired by the Lessee or constructed, assembled or
placed by Lessee on any of the Land Interest, immediately upon such
acquisition, release, construction, assembling or placement, including, without
limitation, any and all building materials whether stored at the Property or
offsite, and, in each such case, without any further mortgage, deed of trust,
conveyance, assignment or other act by the Lessee;



                           (iii)        all right, title and
interest of the
Lessee in, to and under all books and records relating to or used in connection
with the operation of the Property or the Fixtures or any part thereof and the
Equipment;








                           (iv)       all right, title and interest of the
Lessee in and to all insurance policies (including title insurance policies)
required to be maintained by the Lessee pursuant to the Operative Documents,
including the right to collect and receive such proceeds; and all awards and
other compensation, including the interest payable thereon and the right to
collect and receive the same, made to the owner of the Property for the taking
by eminent domain, condemnation or otherwise, of all or any part of the
Property or any easement or other right therein;



                           (v)        all right, title and
interest of the
Lessee in and to (i) all consents, licenses, building permits, certificates of
occupancy and other governmental approvals relating to construction,
completion, occupancy, use or operation of the Property or any portion thereof,
provided that any such consent, license, permit, certificate or approval
that by its terms or by operation of law would become void, voidable,
terminable or revocable or would result in a breach or default thereunder or
under any applicable law if subjected to the lien granted pursuant to this clause
(v) is expressly excepted and excluded from this clause (v) to the
extent necessary to avoid such result, and (ii) all plans and specifications
relating to the Property or any portion thereof, in each case to the extent
assignable;



                           (vi)       all Rent and all other rents,
payments,
purchase prices, receipts, revenues, issues and profits payable under this
Lease or pursuant to any other lease with respect to the Property;



                           (vii)      all proceeds, both cash and
noncash, of
the foregoing and any items acquired in substitution of, or replacement for,
any of the foregoing; and



                           (viii)     all right, title and interest of the
Lessee
in and to all of the Operative Documents, including, without limitation, each
Lease Supplement, regardless of whether the interest of the Lessee therein is
that of lessee, sublessee, sublessor or borrower.



                           (g)        For the purposes of the
security
agreement and financing statement provided herein the following information
applies:


	

(i)

  	

Name
  and Address of Debtor:

  	 

  	

Yahoo!
  Inc. 

  3420 Central Expressway 

  Santa Clara, California  95051

  
	 

  	 

  	 

  	 

  
	

(ii)

  	

Name
  and Address of Secured Party:

  	 

  	

Lease
  Plan North America, Inc. 

  135 South LaSalle Street, Suite 740 

  Chicago, Illinois  60603

  
	 

  	 

  	 

  	 

  
	

(iii)

  	

Description
  of the types (or items) by property covered by this Financing Statement

  	 

  	

Those
  items described as Improvements, Fixtures and other personal property in Section
  7.1(f)

  
	 

  	 

  	 

  	 

  
	

(iv)

  	

Description
  of real estate to which collateral is attached or upon which it is located:

  	 

  	

See
  Exhibit B hereto

  
	 

  	 

  	 

  	 

  







ARTICLE VIII.


             8.1        Condition of the Property.  THE LESSEE ACKNOWLEDGES AND AGREES THAT
ALTHOUGH THE LESSOR WILL HOLD FEE TITLE TO THE PROPERTY, THE LESSEE IS SOLELY
RESPONSIBLE FOR THE IMPROVEMENTS AND ANY ALTERATIONS OR MODIFICATIONS.  THE LESSEE FURTHER ACKNOWLEDGES AND AGREES THAT
IT IS LEASING THE PROPERTY "AS IS" WITHOUT REPRESENTATION, WARRANTY
OR COVENANT (EXPRESS OR IMPLIED) BY THE LESSOR, THE AGENT OR ANY PARTICIPANT
AND IN EACH CASE SUBJECT TO (A) THE EXISTING STATE OF TITLE, (B) THE RIGHTS OF
ANY PARTIES IN POSSESSION THEREOF, (C) ANY STATE OF FACTS WHICH AN ACCURATE
SURVEY OR PHYSICAL INSPECTION MIGHT SHOW, AND (D) VIOLATIONS OF REQUIREMENTS OF
LAW WHICH MAY EXIST ON THE DATE HEREOF. 
NEITHER THE LESSOR, THE AGENT NOR ANY PARTICIPANT HAS MADE OR SHALL BE
DEEMED TO HAVE MADE ANY REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR
IMPLIED) OR SHALL BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE TITLE
(EXCEPT FOR THE LESSOR'S COVENANT OF QUIET ENJOYMENT SET FORTH IN SECTION
5.1), VALUE, HABITABILITY, USE, CONDITION, DESIGN, OPERATION, OR FITNESS
FOR USE OF THE PROPERTY (OR ANY PORTION THEREOF, INCLUDING ANY IMPROVEMENTS
EXISTING THEREON), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT
WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY (OR ANY PORTION
THEREOF, INCLUDING ANY IMPROVEMENTS EXISTING THEREON) AND NEITHER THE LESSOR,
THE AGENT NOR ANY PARTICIPANT SHALL BE LIABLE FOR ANY LATENT, HIDDEN, OR PATENT
DEFECT THEREIN OR THE FAILURE OF THE PROPERTY, OR ANY PART THEREOF, TO COMPLY
WITH ANY REQUIREMENT OF LAW.


             8.2        Possession and Use of the Property.
The Property shall be used in a manner consistent with properties of a similar
nature in the businesses in which the Lessee is engaged or as permitted in any
sublease or assignment allowed by Section 25.1 hereof and in compliance
in all respects with any covenants, conditions and restrictions of record and
any ordinance or law affecting the use and occupancy of the Property; and provided
that such other uses do not increase the liability, directly or indirectly, of
the Lessor or adversely affect the value, utility or remaining useful life of
the Property.  At all times during the
applicable Term, the Property shall not be abandoned by the Lessee or a
permitted assignee or sublessee.  The
Lessee shall pay, or cause to be paid, all charges and costs required in
connection with the use of the Property as contemplated by this Lease.  The Lessee shall not commit or permit any
waste of the Property or any portion thereof.





ARTICLE IX.


             9.1        Compliance with Requirements of Law and Insurance
Requirements.  Subject to the terms of Article XIII
relating to permitted contests, the Lessee, at its sole cost and expense, shall
(a) comply with all Requirements of Law and all Insurance Requirements relating
to the Property, including the construction, use, operation, maintenance,
repair and restoration thereof and the remarketing thereof pursuant to Article
XXII, whether or not compliance therewith shall require structural or
extraordinary changes in the Improvements or interfere with the use and
enjoyment of the Property, and (b) procure, maintain and comply with all
licenses, permits, orders, approvals, consents and other authorizations
required for the construction, use, maintenance and operation of the Property
and for the use, operation, maintenance, repair and restoration of the
Improvements.


ARTICLE
X.


             10.1     Maintenance and Repair; Return.


                           (a)         The Lessee, at its
sole cost and
expense, shall maintain the Property in good working order, mechanical
condition and repair, subject to reasonable wear and tear, and make all necessary
repairs thereto, of every kind and nature whatsoever, whether interior or
exterior, ordinary or extraordinary, structural or nonstructural or foreseen or
unforeseen, in each case in compliance with all applicable Requirements of Law
and in compliance with all Insurance Requirements and on a basis consistent
with the operation and maintenance of commercial properties comparable in type
and location to the Property and in compliance with prudent industry practice.


                           (b)        The Lessor shall under
no circumstances
be required to build any improvements on the Property, make any repairs,
replacements, alterations or renewals of any nature or description to the
Property, make any expenditure whatsoever in connection with this Lease or
maintain the Property in any way.  The
Lessor shall not be required to maintain, repair or rebuild all or any part of
the Property, and the Lessee waives any right to (i) require the Lessor to
maintain, repair, or rebuild all or any part of the Property, or (ii) make
repairs at the expense of the Lessor pursuant to any Requirement of Law,
Insurance Requirement, contract, agreement, or covenant, condition or
restriction in effect at any time during the Term.


                           (c)         The Lessee shall,
upon the expiration
or earlier termination of this Lease (unless the Property is conveyed to the
Lessee as provided herein), vacate and surrender the Property to the Lessor in
its then-current, "AS IS" condition, subject to the Lessee's
obligations under Sections 9.1, 10.1(a), 11.1, 12.1,
15.1(e), 15.2, 17.2(h), 22.1 and 23.1.





ARTICLE XI.


             11.1     Modifications, Substitutions and Replacements.


                           (a)         The Lessee, at its
sole cost and
expense, may at any time and from time to time make alterations, renovations,
improvements and additions to the Property or any portion thereof and
substitutions and replacements therefor (collectively, "Modifications");
provided that: (i) no Modification shall impair the value, utility or
remaining useful life of the Property or any part thereof from that which
existed immediately prior to such Modification; (ii) the Modification shall be
done expeditiously and in a good and workmanlike manner; (iii) the Lessee shall
comply with all Requirements of Law and all Insurance Requirements applicable
to the Modification, including the obtaining of all permits and certificates of
occupancy, and the structural integrity of the Property shall not be adversely
affected; (iv) subject to the terms of Article XIII relating to
permitted contests, the Lessee shall pay all costs and expenses and shall
discharge (or cause to be insured or bonded over) within sixty (60) days after
the same shall be filed (or otherwise become effective) any Liens arising with
respect to the Modification; and (v) such Modifications shall comply with Sections
8.2 and 10.1.  All
Modifications (other than those that both are not Modifications required to be
made pursuant to a Requirement of Law or an Insurance Requirement ("Required
Modification") and are readily removable without impairing the value,
utility or remaining useful life of the Property) shall remain part of the
realty and shall be subject to this Lease, and title thereto shall immediately
vest in the Lessor.  So long as no Event
of Default has occurred and is continuing, the Lessee may place upon the
Property any trade fixtures, machinery, equipment or other property belonging
to the Lessee or third parties and may remove the same at any time during the
Term, subject, however, to the terms of Section 10.1(a); provided
that such trade fixtures, machinery, equipment or other property do not impair
the value, utility or remaining useful life of the Property; provided, further,
that the Lessee shall keep and maintain at the Property and shall not remove
from the Property any Equipment financed or otherwise paid for (directly or
indirectly) by the Lessor or any Participant pursuant to the Participation
Agreement.


                           (b)        The Lessee shall deliver
to the Lessor
and the Agent and each Participant a brief written narrative description of the
work to be done in connection with any Modification to the Property the cost of
which is anticipated to exceed $1,000,000 in the aggregate.


ARTICLE XII.


             12.1     <
u>Warranty of Title.


                           (a)         The Lessee agrees
that except as
otherwise provided herein and subject to the terms of Article XIII
relating to permitted contests, the Lessee shall not directly or indirectly
create or allow to remain, and shall promptly discharge at its sole cost and
expense, any Lien, defect, attachment, levy, title retention agreement or claim
upon the Property (or the Lessor's interest therein) or any Modifications or
any Lien, attachment, levy or claim with respect to the Rent, the Cash
Collateral or with respect to any amounts held by the Agent or any other Person
pursuant to the Participation Agreement or the other Operative Documents, other
than, with respect to the Property only, Permitted Exceptions and Lessor Liens.





                           (b)        Nothing contained in
this Lease shall be
construed as constituting the consent or request of the Lessor, expressed or
implied, to or for the performance by any contractor, mechanic, laborer,
materialman, supplier or vendor of any labor or services or for the furnishing
of any materials for any construction, alteration, addition, repair or
demolition of or to the Property or any part thereof.  NOTICE IS HEREBY GIVEN THAT NEITHER THE LESSOR, ANY PARTICIPANT
NOR THE AGENT IS OR SHALL BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS  FURNISHED OR TO BE FURNISHED TO THE LESSEE,
OR TO ANYONE HOLDING THE PROPERTY OR ANY PART THEREOF THROUGH OR UNDER THE
LESSEE AND THAT NO MECHANIC'S OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR
MATERIALS SHALL ATTACH TO OR AFFECT THE INTEREST OF THE LESSOR IN AND TO THE
PROPERTY.


             12.2     Grants and Releases of Easements and Other Agreements.
Provided that no Event of Default shall have occurred and be continuing and
subject to the provisions of Articles VIII, IX, X and XI,
the Lessor hereby consents in each instance to the following actions by the
Lessee, in the name and stead of the Lessor, but at the Lessee's sole cost and
expense: (a) the granting of easements, licenses, rights-of-way and other
rights and privileges in the nature of easements reasonably necessary or
desirable for the use, repair, operation or maintenance of the Property as
herein provided; (b) the release of easements, licenses, rights-of-way and
other rights and privileges in the nature of easements which are for the
benefit of the Property; (c) the execution of petitions to have the Property
annexed to any municipal corporation or utility district; and (d) the execution
of amendments to any covenants, restrictions, easements, licenses,
rights-of-way, and other rights and privileges in the nature of easements
affecting the Property; provided, however, in each case the
Lessee shall have delivered to the Lessor a Responsible Officer's Certificate
stating that (i) such grant, release, contract or agreement does not materially
impair the value, utility and remaining useful life of the Property, (ii) such
grant, release, contract or agreement is reasonably necessary for the use,
operation, maintenance, alteration or improvement of the Property, (iii) the
Lessee shall remain obligated under this Lease and under any instrument
executed by the Lessee consenting to the assignment of the Lessor's interest in
this Lease as security for indebtedness, in each such case in accordance with
their terms, as though such grant, release, contract, agreement or transfer had
not been effected, and (iv) the Lessee shall pay and perform any obligations of
the Lessor under such grant, release, contract or agreement.  Without limiting the effectiveness of the
foregoing, provided that no Event of Default shall have occurred and be
continuing, the Lessor shall, upon the request of the Lessee, and at the Lessee's
sole cost and expense, execute and deliver, any instruments necessary or
appropriate to confirm any such grant, agreement or release to any Person
permitted under this Section 12.2.





ARTICLE XIII.


             13.1     Permitted Contests Other Than in Respect of Indemnities.
Except to the extent otherwise provided for in Section 13 of the Participation
Agreement, the Lessee, on its own or on the Lessor's behalf but at the Lessee's
sole cost and expense, may contest, by appropriate administrative or judicial
proceedings conducted in good faith and with due diligence, the amount,
validity or application, in whole or in part, of any Requirement of Law, or
utility charges payable pursuant to Section 4.1 or any Lien, attachment,
levy, encumbrance or encroachment, and the Lessor agrees not to pay, settle or
otherwise compromise any such item, provided that (a) the commencement
and continuation of such proceedings shall suspend the collection thereof from,
and suspend the enforcement thereof against, the Property, the Cash Collateral,
the Lessor, the Agent and the Participants or the Lessee shall have bonded or
otherwise secured such amount in a manner satisfactory to the Lessor and the
Agent; (b) there shall be no risk of the imposition of a Lien as a result of
such contest (other than, as to the Property, Permitted Exceptions) on the
Property or the Cash Collateral, and no part of the Property or the Cash
Collateral, nor any Rent would be in any danger of being sold, forfeited, lost
or deferred as a result of such contest; (c) at no time during the permitted contest
shall there be a risk of the imposition of criminal liability or material civil
liability on the Lessor, the Agent or any Participant for failure to comply
therewith (unless, in the case of civil liability, the Lessee shall have bonded
or otherwise secured such amount in a manner satisfactory to the Lessor and the
Agent); and (d) in the event that, at any time, there shall be a material risk
of extending the application of such item beyond the end of the Term, then the
Lessee shall deliver to the Lessor a Responsible Officer's Certificate
certifying as to the matters set forth in clauses (a), (b) and (c)
of this Section 13.1. The Lessor, at the Lessee's sole cost and expense,
shall cooperate in good faith with the Lessee with respect to any permitted contests
conducted by the Lessee pursuant to this Section 13.1 and shall, at the
Lessee's sole cost and expense, execute and deliver to the Lessee such
authorizations and other documents as may reasonably be required in connection
with any such contest and, if reasonably requested by the Lessee, shall join as
a party therein at the Lessee's sole cost and expense.


ARTICLE XIV.


             14.1     General Liability and Workers' Compensation Insurance.  The Lessee shall procure and carry
commercial general liability insurance, including contractual liability, for
claims for injuries or death sustained by persons or damage to property while
on the Property and such other general liability coverages as are ordinarily
procured by Persons who own or operate similar properties and consistent with
prudent business practice, which policies shall include contractual liability
endorsements covering the Lessee's indemnification obligations in Section 13.1
of the Participation Agreement.  Such
insurance shall be on terms and in amounts (which shall be acceptable to the
Lessor and in the event of liability insurance shall be maintained at a level
set forth on Schedule 14.2) that are no less favorable than insurance
maintained by the Lessee and its Subsidiaries with respect to similar properties
that it owns and that are in accordance with prudent business practice and may
be provided under blanket policies maintained by or on behalf of the Lessee and
its Subsidiaries.  The policy shall be
endorsed to name the Lessor, the Agent and each Participant as additional
insureds.  The policy shall also
specifically provide that the policy shall be considered primary insurance
which shall apply to any loss or claim before any contribution by any insurance
which the Lessor, the Agent or the Participants may have in force.  The Lessee shall, in the operation of the
Property (including in connection with any Modifications thereof) comply with
the applicable workers' compensation laws and protect the Lessor, the Agent and
the Participants against any liability under such laws.







             14.2     
Hazard and Other Insurance.
The Lessee shall keep, or cause to be kept, the Property insured against loss
or damage by fire, flood and other risks (excluding earthquake, which insurance
may be obtained by the Lessee if it so elects but which shall not be required
hereunder) in an amount not less than the greater of the amount set forth on Schedule
14.2 and the then current replacement costs of the buildings and
improvements on the Property and on terms that are no less favorable than
insurance covering other similar properties owned or leased by the Lessee and
that are in accordance with prudent business practice.  The Lessee may provide such coverage under
blanket policies maintained by or on behalf of the Lessee; provided,
that if the Lessee does not elect to terminate the Lease pursuant to Article
XVI hereof following the occurrence of an event covered by any such blanket
policy, the proceeds of any such blanket policy shall be applied first, to the
exclusion of other facilities covered by such policy other than the Property,
to the repair, rebuilding and restoration of any damage to the Property.  Insurance coverage required under this Section
14.2 shall be subject to deductibles reasonably satisfactory to the
Lessor.  During the construction of any
Modifications the Lessee shall also maintain builders' risk insurance.  Each policy of insurance maintained by the
Lessee pursuant to this Section 14.2 shall provide that all insurance
proceeds in respect of any loss or occurrence shall be paid to and adjusted
solely by (and such proceeds shall be paid to) the Lessee, except from and
after the date on which the insurer receives written notice from the Lessor or
the Agent that a Event of Default exists (and unless and until such insurer
receives written notice from the Lessor or the Agent that all Events of Default
have been cured), all losses shall be adjusted solely by, and all insurance
proceeds shall be paid solely to, the Agent (or the Lessor if the Participation
Interests have been fully paid) for application pursuant to Article XV.  The costs and expenses of all insurance
required under this Section 14.2 shall be at the sole cost and expense
of the Lessee.


             14.3     
Coverage.


                           (a)         The Lessee shall
furnish the Lessor and
the Agent with certificates of insurance and certified copies of the insurance
policies on each Land Interest Acquisition Date showing the insurance then
required under Sections 14.1 and 14.2 to be in effect and naming
the Lessor, the Agent and each Participant as additional insureds and, with
respect to the insurance required under Section 14.2 (and with respect
to any earthquake insurance covering the Property which Lessee may elect to
purchase and maintain), naming the Agent, for the benefit of the Participants,
as loss payees, and showing the mortgagee endorsement required by Section
14.3(c).  All such insurance shall
be at the cost and expense of the Lessee. 
Such policies and certificates in respect thereof shall include a
provision for thirty (30) days' advance written notice by the insurer to the
Lessor and the Agent in the event of cancellation of or any significant
reduction in the coverage provided by such insurance.


                           (b)        The Lessee agrees that
the insurance
policy or policies required by Sections 14.1 and 14.2 shall
include (i) an appropriate clause pursuant to which such policy shall provide
that it will not be invalidated should the Lessee waive, in writing, prior to a
loss, any or all rights of recovery against any party for losses covered by
such policy, and that the insurance in favor of the Lessor, the Agent and the
Participants, and their respective rights under and interests in said policies
shall not be invalidated or reduced by any act or omission or negligence of the
Lessee or any other Person having any interest in the Property, and (ii) a
so-called "Waiver of Subrogation Clause".  The Lessee hereby waives any and all such rights against the
Lessor, the Agent and the Participants to the extent of payments made under
such policies.







                           (c)         All such insurance shall be
written by
reputable insurance companies that are financially sound and solvent and
otherwise reasonably appropriate considering the amount and type of insurance
being provided by such companies.  Any
insurance company selected by the Lessee which is rated in Best's Key Rating
Guide or any successor thereto (or if there be none, an organization having a
similar national reputation) shall have a general policyholder rating of
"A–" and a financial rating of at least IX in Best's Key Rating
Guide or be otherwise acceptable to the Lessor and the Agent.  All insurance policies required by Section
14.2 shall include a standard form mortgagee endorsement in favor of the
Agent.


                           (d)        The Lessor shall not
carry separate
insurance concurrent in kind or form or contributing in the event of loss with
any insurance required under this Article XIV except that the Lessor may
carry separate liability insurance (at its sole cost) so long as (i) the
Lessee's insurance is designated as primary and in no event excess or
contributory to any insurance the Lessor may have in force which would apply to
a loss covered under the Lessee's policy and (ii) each such insurance policy
will not cause the Lessee's insurance required under this Article XIV to
be subject to a coinsurance exception of any kind.


                           (e)         The Lessee shall
pay as they become due
all premiums for the insurance required by Section 14.1 and, when
required under Section 14.2, for the insurance required under Section
14.2, and shall renew or replace each policy prior to the expiration date
thereof.  At the time each of the
Lessee's insurance policies is renewed (but in no event less frequently than
once each year), the Lessee shall deliver to the Lessor and the Agent certificates
of insurance with respect to the insurance policies required by this Article
XIV to be maintained by the Lessee with respect to the Property.


                           (f)         The Lessee hereby
waives, releases and
discharges the Lessor, the Agent and each Participant and their agents and
employees from all claims whatsoever arising out of loss, claim, expense or
damage to or destruction covered or coverable by insurance required under this Article
XIV notwithstanding that such loss, claim, expense or damage may have been
caused by the Lessor, the Agent or any Participant or any of their agents or
employees, and the Lessee agrees to look to the insurance coverage only in the
event of such loss.


ARTICLE
XV.


             15.1     Casualty and Condemnation.


                           (a)         Subject to the
provisions of Article
XIV, this Article XV and (in the event the Lessee delivers, or is
obligated to deliver, a Termination Notice) Article XVI, and prior to
the occurrence and continuation of a Event of Default, the Lessee shall be
entitled to receive (and the Lessor shall pay over to the Lessee, if received by
the Lessor, and hereby irrevocably assigns to the Lessee all of the Lessor's
right, title and interest in) any award, compensation or insurance proceeds to
which the Lessee or the Lessor may become entitled by reason of their
respective interests in the Property (i) if all or a portion of the Property is
damaged or destroyed in whole or in part by a Casualty or (ii) if the use,
access, occupancy, easement rights or title to the Property or any part
thereof, is the subject of a Condemnation; provided, however,
subject to Article XIV, if a Event of Default shall have occurred and be
continuing, such award, compensation or insurance proceeds shall be paid
directly to the Agent or, if received by the Lessee, shall be held in trust for
the Agent, and shall be paid over by the Lessee to the Agent (or, if the
Participation Interests have been fully paid, to the Lessor) and held in
accordance with the terms of this paragraph (a).  If, contrary to such provision, any such
award, compensation or insurance proceeds are paid to the Lessor or the Lessee
rather than to the Agent, the Lessor and the Lessee, as the case may be, hereby
agree to transfer any such payment to the Agent.  All amounts held by the Lessor or the Agent under the preceding
sentences on account of any award, compensation or insurance proceeds either
paid directly to the Lessor or the Agent or turned over to the Lessor or the
Agent shall either be (i) paid to the Lessee for the repair of damage caused by
such Casualty or Condemnation in accordance with paragraph (e) of this Section
15.1, or (ii) applied to the purchase price of the Property on a
Termination Date resulting from a Casualty or Condemnation in accordance with paragraph
(d) of this Section 15.1 or paragraph (a) of Section 16.2,
with any Excess Proceeds being payable to the Lessee.







                           (b)        In any proceeding or action under the
control of the Lessor or the Agent pursuant to the terms of Section 14.2,
the Lessee may participate and shall pay all expenses of such proceeding and
its participation.  At the Lessee's
reasonable request, and at the Lessee's sole cost and expense, the Lessor and
the Agent shall participate in any such proceeding, action, negotiation,
prosecution or adjustment under the control of the Lessee.  The Lessor and the Lessee agree that this
Lease shall control the rights of the Lessor and the Lessee in and to any such
award, compensation or insurance payment.


                           (c)         If the Lessor or
the Lessee shall
receive notice of a Casualty or of an actual, pending or threatened
Condemnation of the Property or any interest therein, the Lessor or the Lessee,
as the case may be, shall give notice thereof to the other and to the Agent
promptly after the receipt of such notice.


                           (d)        In the event of a
Casualty or receipt of
notice by the Lessee or the Lessor of a Condemnation, the Lessee may deliver to
the Lessor and the Agent a Termination Notice with respect to the Property
pursuant to Section 16.1. If the Lessee does not deliver a Termination
Notice within thirty (30) days after such occurrence, then this Lease shall
(subject to the terms and conditions thereof) remain in full force and effect,
and the Lessee shall, at the Lessee's sole cost and expense, promptly and
diligently restore the Property pursuant to paragraph (e) of this Section
15.1 and otherwise in accordance with this Lease.  If the Lessee delivers a Termination Notice within thirty (30)
days after such occurrence, a Significant Event shall irrevocably be deemed to
have occurred with respect to the Property, and, in such event, this Lease
shall terminate and the Lessee shall purchase the Property on the next Payment
Date (but in no event to exceed sixty (60) days after such occurrence) (a
"Termination Date") pursuant to Article XVI hereof.


                           (e)         If pursuant to this
Section 15.1
this Lease shall continue in full force and effect following a Casualty or
Condemnation, the Lessee shall, at its sole cost and expense (and, without
limitation, if any award, compensation or insurance payment is not sufficient
to restore the Property in accordance with this paragraph, the Lessee shall pay
the shortfall), promptly and diligently repair any damage to the Property
caused by such Casualty or Condemnation in conformity with the requirements of Sections
10.1 and 11.1 using the applicable as-built Plans and Specifications
for the Property (as modified to give effect to any subsequent Modifications,
any Condemnation affecting the Property and in compliance with all applicable
Requirements of Law and all Insurance Requirements) so as to restore the Property
to at least the same condition, operation, function and value as existed
immediately prior to such Casualty or Condemnation.  In the event of such restoration, title to the Property shall
remain with the Lessor; provided, that (i) title to any such substituted
equipment shall vest in the Lessor and such equipment shall constitute
Equipment thereafter for all purposes of this Lease, and (ii) the Lessor shall
assign all of its right, title and interest to the Lessee in any such replaced
equipment without representation or warranty of any kind other than that such
equipment is free of Lessor Liens and Liens created pursuant to the Operative
Documents.  Upon completion of such
restoration, the Lessee shall furnish the Lessor an architect's certificate of
substantial completion and a Responsible Officer's Certificate confirming that
such restoration has been completed pursuant to this Lease.







                           (f)         In no event shall a Casualty or
Condemnation with respect to which this Lease remains in full force and effect
under this Section 15.1 affect the Lessee's obligations to pay Rent
pursuant to Section 3.1 or to perform its obligations and pay any
amounts due on the Expiration Date or pursuant to Articles XIX and XX.


                           (g)        Any Excess Proceeds
received by the
Lessor or the Agent in respect of a Casualty or Condemnation shall be turned
over to the Lessee.


             15.2     Environmental Matters.  Promptly upon the Lessee's actual knowledge
of the presence of Hazardous Substances in any portion of the Property in
concentrations and conditions that constitute or could reasonably be expected
to constitute an Environmental Violation (excluding any such Environmental
Violation that is a Pre-Existing Environmental Condition), the Lessee shall
notify the Lessor in writing of such condition.  In the event of such Environmental Violation, the Lessee shall,
not later than thirty (30) days after the Lessee has actual knowledge of such
Environmental Violation, either, if such Environmental Violation is a Significant
Event, deliver to the Lessor and the Agent a Responsible Officer's Certificate
and a Termination Notice with respect to the Property pursuant to Section
16.1, or, if such Environmental Violation is not a Significant Event, at
the Lessee's sole cost and expense, promptly and diligently commence any
Response Actions necessary to investigate, remove, clean up or remediate such
Environmental Violation in accordance with the terms of Section 9.1.  If the Lessee does not deliver a Termination
Notice with respect to the Property pursuant to Section 16.1, the Lessee
shall, upon completion of Response Actions by the Lessee, cause to be prepared
by an environmental consultant reasonably acceptable to the Lessor a report
describing the Environmental Violation (excluding any such Environmental Violation
that is a Pre-Existing Environmental Condition) and the Response Actions taken
by the Lessee (or its agents or contractors) for such Environmental Violation,
and a statement by the consultant that such Environmental Violation (excluding
any such Environmental Violation that is a Pre-Existing Environmental
Condition) has been remedied in compliance in all material respects with
applicable Environmental Law.  Each such
Environmental Violation shall be remedied prior to the Expiration Date.  Nothing in this Article XV shall
reduce or limit the Lessee's obligations under Sections 13.1, 13.2 or 13.3 of
the Participation Agreement.


             15.3     Notice of Environmental Matters.  Promptly, but in any event within thirty
(30) Business Days from the date the Lessee has actual knowledge thereof, the
Lessee shall provide to the Lessor written notice of any material pending or
threatened claim, action or proceeding involving any Environmental Law or any
Release on or in connection with the Property (other than with respect to any
Pre-Existing Environmental Condition). 
All such notices shall describe in reasonable detail the nature of the
claim, action or proceeding and the Lessee's proposed response thereto.  In addition, the Lessee shall provide to the
Lessor, within thirty (30) Business Days of receipt, copies of all material
written communications with any Governmental Authority relating to any
Environmental Law in connection with the Property.  The Lessee shall also promptly provide such detailed reports of
any such material environmental claims (other than with respect to any
Pre-Existing Environmental Condition) as may reasonably be requested by the
Lessor and the Agent.





ARTICLE XVI.


             16.1     Termination by the Lessee upon Certain Events.  If either: (i) the Lessee or the Lessor
shall have received notice of a Condemnation, and the Lessee shall have
delivered to the Lessor a Responsible Officer's Certificate that such
Condemnation is a Significant Condemnation; or (ii) a Casualty occurs, and the
Lessee shall have delivered to the Lessor a Responsible Officer's Certificate
that such Casualty is a Significant Casualty; or (iii) an Environmental
Violation occurs or is discovered and the Lessee shall have delivered to the
Lessor a Responsible Officer's Certificate stating that, in the reasonable,
good-faith judgment of the Lessee, the cost to remediate the same will cause
the same to be a Significant Event, or (iv) if the Lessee shall not have
delivered a Termination Notice with respect to such Environmental Violation
described in clause (iii) but the requirements of Section 16.3
are met with respect to such Environmental Violation; then, (A) the Lessee
shall, simultaneously with the delivery of the Responsible Officer's
Certificate pursuant to the preceding clause (i), (ii) or (iii)
deliver a written notice in the form described in Section 16.2(a) (a
"Termination Notice"), or (B) if clause (iv) is
applicable, the Lessor may deliver a Termination Notice pursuant to Section
16.3.


             16.2     
Procedures.


                           (a)         A Termination
Notice shall contain: (i)
notice of termination of this Lease with respect to the Property or the
affected portion thereof on a date that is no later than sixty (60) days after
the occurrence of the applicable event described in clause (i), (ii)
or (iii) of Section 16.1 (the "Termination Date"),
such termination to be effective upon the Lessee's payment of the Asset
Termination Value (or portion thereof representing the Property Cost of the
affected portion of the Property); and (ii) a binding and irrevocable agreement
of the Lessee to pay the Asset Termination Value and purchase the Property on
the Termination Date.


                           (b)        On the Termination Date,
the Lessee
shall pay to the Lessor the Asset Termination Value (or such portion thereof,
as applicable), plus all other amounts owing in respect of Rent for the
Property (including Supplemental Rent) theretofore accruing, and the Lessor
shall convey the Lessor's interest in the Property or such portion thereof to
the Lessee (or the Lessee's designee) all in accordance with Section 19.1
and, to the extent applicable, Section 19.2, as well as any Net Proceeds
with respect to the Casualty or Condemnation giving rise to the termination of
this Lease with respect to the Property theretofore received by the Lessor.







             16.3     
Purchase of Property.  Upon receipt of any notice pursuant to Section
15.2 or 15.3, the Lessor or the Required Participants, at the
Lessee's expense, shall have the right to select an independent environmental
consultant acceptable to the Lessee, which acceptance shall not be unreasonably
withheld or delayed, to determine the estimated cost of conducting any clean-up
or remediation required as a result of the Environmental Violation disclosed in
such notice.  If such independent environmental
consultant determines that the cost of any such clean-up or remediation would
exceed thirty percent (30%) of the original Property Cost, the Lessor shall, at
the direction of the Required Participants, by written notice require the
Lessee to purchase, or arrange for an Affiliate of Lessee or other third party
to purchase, the Property on the Termination Date by delivering a Termination
Notice following the requirements of Section 16.2 hereof.


ARTICLE XVII.


             17.1     <
u>Events of Default.  The occurrence of any one or more of the
following events (whether such event shall be voluntary or involuntary or come
about or be effected by operation of law or pursuant to or in compliance with
any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body) shall constitute an "Event of
Default":


                           (a)         the Lessee shall
fail to make payment
of (i) any Basic Rent (other than a payment of Basic Rent due on the  Expiration Date or Termination Date) within
five (5) Business Days after the same has become due and payable or (ii) Basic
Rent, Purchase Option Price, Asset Termination Value, Residual Value Guarantee
Amount or other amounts due on the Expiration Date or the Termination Date,
including, without limitation, amounts due pursuant to Sections 16.2, 16.3,
20.2, 20.3 or 22.1, after the same has become due and
payable;


                           (b)        the Lessee shall fail to
make payment of
any Supplemental Rent (other than Supplemental Rent referred to in clause
(a) of this Section) due and payable within five (5) Business Days after
the same has become due and payable;


                           (c)         the Lessee shall
fail to maintain
insurance as required by Article XIV of this Lease;


                           (d)        the Lessee shall fail to
observe or
perform any term, covenant or condition of the Lessee under this Lease, the Participation
Agreement or any other Operative Document to which it is a party (other than
those described in Section 17.1(a), (b), (c), (n)
or (o) hereof), or any representation or warranty set forth in this
Lease or in any other Operative Document or in any document entered into in
connection herewith or therewith or in any document, certificate or financial
or other statement delivered in connection herewith or therewith shall be false
or inaccurate in any material way, and, if such failure to perform or misrepresentation
or breach of warranty is other than with respect to a covenant, agreement,
representation or warranty contained in Section 10.1(b) and Section 10.2 of the
Participation Agreement (with respect to which there shall be no cure period),
such failure or misrepresentation or breach of warranty shall remain uncured
for a period of thirty (30) days after the earlier of (x) the date upon which
an executive officer of the Lessee has actual knowledge thereof and (y) the
date upon which the Agent or the Lessor gives notice to the Lessee thereof;







                           (e)         (i) failure to make any payment
when
due (whether by scheduled maturity, upon acceleration or otherwise) on account
of any Indebtedness of the Lessee or any Subsidiary of the amount of such
Indebtedness exceeds $10,000,000 or more, or (ii) default shall otherwise occur
under one or more indentures, agreements or other instruments under which any
Indebtedness of the Lessee or any Subsidiary in an aggregate principal amount
of $10,000,000 or more may be issued or created and such default shall continue
beyond any grace period provided with respect thereto by such indenture,
agreement or other instrument, if the effect of such default is to cause, or to
permit the holder or beneficiary of such Indebtedness or a trustee therefor to
cause, such Indebtedness to become due (by acceleration, mandatory redemption
or otherwise) prior to its stated maturity (and/or to be secured by cash
collateral);


                           (f)         (i) a court having
jurisdiction in the
premises shall enter a decree or order for relief in respect of the Lessee or
any of its Subsidiaries in an involuntary case under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or
hereafter in effect, which decree or order is not stayed or any other similar
relief shall be granted under any applicable federal or state law; or (ii) an
involuntary case shall be commenced against the Lessee or any of its
Subsidiaries under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect; or a decree
or order of a court having jurisdiction in the premises for the appointment of
a receiver, liquidator, sequestrator, trustee, custodian or other officer
having similar powers over the Lessee or any of its Subsidiaries or over all or
a substantial part of any such Person's property, shall have been entered; or
there shall have occurred the involuntary appointment of an interim receiver,
trustee or other custodian of the Lessee or any of its Subsidiaries for all or
a substantial part of any such Person's property; or a warrant of attachment,
execution or similar process shall have been issued against any substantial
part of the property of the Lessee or any of its Subsidiaries, and any such
event described in this clause (ii) shall continue for ninety (90) days
unless dismissed, bonded or discharged;


                           (g)        the Lessee or any of its
Subsidiaries
shall (i) commence a voluntary case under the Bankruptcy Code or under any
other applicable bankruptcy, insolvency or similar law now or hereafter in
effect, or shall consent to the entry of an order for relief in an involuntary
case, or to the conversion of an involuntary case to a voluntary case, under
any such law, or shall consent to the appointment of or taking possession by a
receiver, trustee or other custodian for all or a substantial part of its
property; or the Lessee or any of its Subsidiaries shall make any assignment
for the benefit of creditors; (ii) be unable, or shall fail generally, or shall
admit in writing its inability, to pay its debts as such debts become due;
(iii) be dissolved or liquidated in full or in part; (iv) become insolvent (as
such term may be defined or interpreted under any applicable statute); or (v)
the Board of Directors of the Lessee or any of its Subsidiaries (or any
committee thereof) shall adopt any resolution or otherwise authorize any action
to approve any of the actions referred to herein or in Section 17.1(f);


                           (h)        one or more judgments,
orders, decrees
or arbitration awards requiring Lessee or any of its Subsidiaries to pay an
aggregate amount of $10,000,000 or more shall be rendered against Lessee or any
of its Subsidiaries and the same shall not be satisfied, vacated or stayed
within thirty (30) days after the date so rendered;







                           (i)          any Operative Document or
any material
term thereof shall cease to be, or be asserted by the Lessee not to be, a
legal, valid and binding obligation of the Lessee enforceable in accordance
with its terms;


                           (j)          any ERISA
Event which constitutes
grounds for the termination of any Employee Benefit Plan by the PBGC or for the
appointment of a trustee by the PBGC to administer any Employee Benefit Plan
shall occur, or any Employee Benefit Plan shall be terminated within the
meaning of Title IV of ERISA or a trustee shall be appointed by the PBGC to
administer any Employee Benefit Plan;


                           (k)         a Change of
Control shall occur;


                           (l)          the Lessee
shall have abandoned or
constructively abandoned all or any material portion of the Property for a period
of 30 consecutive days which results in the Property not being properly
maintained in accordance with the terms of this Lease;


                           (m)        the Lessee shall have
elected to or be
required to purchase the Property pursuant to Sections 16.2 or 16.3
hereof and such purchase shall not have been consummated on the Termination
Date pursuant to either such Section;


                           (n)        in the event the Lessee
is not
purchasing the Property upon the Expiration Date or earlier termination of this
Lease, failure to comply with the return conditions set forth in Sections
19.1(b) and 22.3 hereof; or


                           (o)        any event(s) or
condition(s) which have
a Material Adverse Effect shall occur and be continuing or exist.


             17.2     <
b>Lease Remedies.  Upon the occurrence of any Event of Default
and at any time thereafter, the Lessor may, so long as such Event of Default is
continuing, do one or more of the following as the Lessor in its sole
discretion shall determine, without limiting any other right or remedy the
Lessor may have on account of such Event of Default (including, without
limitation, the obligation of the Lessee to purchase the Property as set forth
in Section 20.3):


                           (a)         The Lessor may, by
notice to the
Lessee, terminate the Commitments and rescind or terminate this Lease as to all
or any portion of the Property as of the date specified in such notice;
however, (i) no reletting, reentry or taking of possession of the Property (or
any portion thereof) by the Lessor will be construed as an election on the
Lessor's part to terminate this Lease unless a written notice of such intention
is given to the Lessee, (ii) notwithstanding any reletting, reentry or taking
of possession, the Lessor may at any time thereafter elect to terminate this
Lease for a continuing Event of Default, and (iii) no act or thing done by the
Lessor or any of its agents, representatives or employees and no agreement
accepting a surrender of the Property shall be valid unless the same be made in
writing and executed by the Lessor;


                           (b)        The Lessor may (i)
demand that the
Lessee, and the Lessee shall upon the written demand of the Lessor, return the
Property promptly to the Lessor in the manner and condition required by, and
otherwise in accordance with all of the provisions of, Articles VIII, IX
and X hereof as if the Property were being returned at the end of the
Term, and the Lessor shall not be liable for the reimbursement of the Lessee
for any costs and expenses incurred by the Lessee in connection therewith and
(ii) without prejudice to any other remedy which the Lessor may have for
possession of the Property, and to the extent and in the manner permitted by
Applicable Law, enter upon the Property and take immediate possession of (to
the exclusion of the Lessee) the Property or any part thereof and expel or
remove the Lessee and any other Person who may be occupying the Property, by
summary proceedings or otherwise, all without liability to the Lessee for or by
reason of such entry or taking of possession, whether for the restoration of
damage to property caused by such taking or otherwise and, in addition to the
Lessor's other damages, the Lessee shall be responsible for all costs and
expenses incurred by the Lessor or the Participants in connection with any
reletting, including, without limitation, brokers' fees and all costs of any
alterations or repairs made by the Lessor;







                           (c)         The Lessor may (i) sell all or
any part
of the Property at public or private sale, as the Lessor may determine,
pursuant to such notices and procedures as may be required by Applicable Law,
free and clear of any rights of the Lessee and without any duty to account to
the Lessee with respect to such action or inaction or any proceeds with respect
thereto (except to the extent required by clause (ii) below if the
Lessor shall elect to exercise its rights thereunder) in which event the
Lessee's obligation to pay Basic Rent hereunder for periods commencing after
the date of such sale shall be terminated or proportionately reduced, as the
case may be; and (ii) if the Lessor shall so elect, demand that the Lessee pay
to the Lessor, and the Lessee shall pay to the Lessor, on the date of such
sale, as liquidated damages for loss of a bargain and not as a penalty (the
parties agreeing that the Lessor's actual damages would be difficult to
predict, but the aforementioned liquidated damages represent a reasonable
approximation of such amount) (in lieu of Basic Rent due for periods commencing
on or after the Payment Date coinciding with such date of sale (or, if the sale
date is not a Payment Date, the Payment Date next preceding the date of such
sale)), an amount equal to (A) the excess, if any, of (1) the Asset Termination
Value calculated as of such Payment Date (including all Rent due and unpaid to
and including such Payment Date) less the aggregate amount of the Cash
Collateral, if any, retained by the Lessor, the Agent or the Participants, over
(2) the net proceeds of such sale, if any (that is, after deducting all costs
and expenses incurred by the Lessor, the Agent and the Participants incident to
such conveyance, including, without limitation, repossession costs, brokerage
commissions, prorations, transfer taxes, fees and expenses for counsel, title
insurance fees, survey costs, recording fees, and any repair or alteration
costs); plus (B) interest at the Overdue Rate on the foregoing amount from such
Payment Date until the date of payment; provided, that the Lessor shall
deliver all proceeds from the sale of the Property and other amounts received
hereunder, including any Cash Collateral, to the Agent for application as
provided in Sections 3.14, 3.17 and 3.18 of the Participation Agreement.


                           (d)        Reserved;


                           (e)         Unless the
Property has been sold in
its entirety, the Lessor may, subject to Section 17.2(h), whether or not
the Lessor shall have exercised or shall thereafter at any time exercise any of
its rights under paragraph (b), (c) or (i) of this Section
17.2 with respect to the Property or portions thereof, demand, by written
notice to the Lessee specifying a date (a "Termination Date")
not earlier than 10 days after the date of such notice, that the Lessee
purchase, on such Termination Date, the Property (or the remaining portion
thereof) in accordance with the provisions of Article XIX and Section
20.3;







                           (f)         The Lessor may exercise any
other right
or remedy that may be available to it under the Operative Documents or
otherwise under Applicable Law, or proceed by appropriate court action (legal
or equitable) to enforce the terms hereof or to recover damages for the breach
hereof.  Separate suits may be brought
to collect any such damages for any period(s), and such suits shall not in any
manner prejudice the Lessor's right to collect any such damages for any
subsequent period(s), or the Lessor may defer any such suit until after the
expiration of the Term, in which event such suit shall be deemed not to have
accrued until the expiration of the Term;


                           (g)        The Lessor may retain
and apply against
the Lessor's damages all sums which the Lessor would, absent such Event of
Default, be required to pay to, or turn over to, the Lessee pursuant to the
terms of this Lease;


                           (h)        Notwithstanding anything
contained in
this Lease or any other Operative Document to the contrary, in the event that
the Event of Default resulting in the exercise of remedies by the Lessor hereunder
is solely a Limited Event of Default, then the following provisions of this Section
17.2(h) shall apply (but without limitation of the right and remedies set
forth in Section 17.2(a)).  The
Lessee shall have the option or, if the Lessor terminates this Lease, the
Lessee shall be required to elect to (i) remarket the Property for 180
days after the occurrence of such Limited Event of Default in accordance with Article
XXII hereof (which period shall constitute the Marketing Period), with the
purchase of the Property to be consummated no later than the date that is 180
days following the occurrence of such Limited Event of Default (which date
shall constitute the Expiration Date if such option is exercised or required to
be exercised), or (ii) exercise its Purchase Option under Section 20.1
hereof, with the purchase of the Property by the Lessee to be consummated, and
the other payments required thereunder to be made to the Lessor, on the next
Payment Date following the occurrence of such Limited Event of Default (which
date shall constitute the Expiration Date if such option is exercised).  Notwithstanding the provisions of clause
(i) above, if the Lessor elects to terminate the Lease solely due to the
occurrence of a Limited Event of Default and (x) the Lessor delivers to the
Lessee an appraisal of the Property prepared by an appraiser selected by the
Lessor and reasonably satisfactory to the Agent, the Required Participants and
the Lessee setting forth the Fair Market Sales Value of the of the Property as
of the date of the occurrence of such Limited Event of Default, and (y) the sum
of the Fair Market Sales Value of the Property set forth in such report plus
the maximum Residual Value Guarantee Amount then payable by the Lessee in
connection with the exercise of the Remarketing Option is less than the Asset
Termination Value as of such date, then and in such event the Lessee shall not
be entitled to elect to exercise the Remarketing Option and the Lessor may in
lieu thereof require the Lessee to elect to either (A) return the Property
promptly to the Lessor in the manner and condition required by, and otherwise
in accordance with all of the provisions of, Articles VIII, IX
and X hereof as if the Property were being returned at the end of the
Term, or (B) exercise its Purchase Option under Section 20.1 hereof,
with the purchase of the Property by the Lessee to be consummated, and the
other payments required thereunder to be made to the Lessor, on the next
Payment Date following the occurrence of such Limited Event of Default (which
date shall constitute the Expiration Date if such option is exercised).  The Lessee shall notify the Lessor within
ten (10) days after the occurrence of such Limited Event of Default which option
it is exercising.  If the Lessee elects
to remarket the Property pursuant to clause (i) above or elects to
return the Property pursuant to clause (A) above, the Lessee shall pay
to the Lessor (i) the maximum Residual Value Guarantee Amount on the date the
Lessee furnishes such notice of exercise of the Remarketing Option or such
notice of its election to return the Property in accordance with clause (A)
above (or, if the Lessor elects, on the date that is ten (10) days after the
Lessor furnishes the Lessee notice that it will require the Lessee to remarket
or purchase the Property or return or purchase the Property, as the case may
be), (ii) Basic Rent when due for the duration of the 180 day Marketing Period,
in the case of an exercise of the Remarketing Option, or all accrued and unpaid
Basic Rent as of the date of the return of the Property in accordance with clause
(A) above, in the case of a return of the Property, and (iii) in the case
of an exercise of the Remarketing Option, the other payments required under Section
22.1 when required thereunder and no later than the Expiration Date.







                           (i)          In addition to the other
rights and
remedies set forth herein, the Lessor shall have the right to continue this
Lease in effect and, as permitted by Section 1951.4 of the California Civil
Code, to enforce, by suit or otherwise, all covenants and conditions hereof to
be performed or complied with by the Lessee and exercise all of the Lessor's
rights and remedies under this Lease, including, without limitation, the right
to recover Basic Rent and Supplemental Rent from the Lessee as it becomes due
under this Lease, even though the Lessee shall have breached this Lease and
abandoned the Property.  Acts of
maintenance or preservation, or efforts by the Lessor or on the Lessor's behalf
to relet the Property, or the appointment of a receiver upon the initiative of
the Lessor to protect the Lessor's interest under this Lease shall not
constitute a termination of the Lessee's right to possession of the Property; provided,
however, that the foregoing enumeration shall not be construed as in any
way limiting the actions the Lessor may take without terminating the Lessee's
right to possession.  In furtherance of
the rights hereby granted to the Lessor, and to the extent permitted by law,
the Lessee hereby appoints the Lessor its agent and attorney–in–fact,
which appointment shall be deemed to be coupled with an interest and is
irrevocable, with power of substitution, to enter the Property upon a Event of
Default hereunder and remove therefrom all persons and property (with the right
to store such property on the Property in a public warehouse or elsewhere at
the cost and risk and for the account of the Lessee) and to alter the Property
in such manner as the Lessor may deem necessary or advisable so as to put the Property
in good order and to make the same rentable and from time to time and sublet
the Property or any part thereof for such term or terms whether or not
extending beyond the then current term of this Lease (but such sublease may
provide for a new and successive lease to commence immediately upon the
termination of this Lease), at such rentals and upon such other terms as the
Lessor in its sole discretion may deem advisable, and with the right to make
alterations and repairs to the Property; and the Lessee agrees to pay to the
Lessor on demand all expenses incurred by the Lessor in such subletting, and in
altering, repairing and putting the Property in good order and condition, and
in reletting the same, including fees of attorneys and architects, and all other
expenses or commissions.  The Lessor
shall be the Lessee's agent and representative on the Property in respect of
all matters arising under or in connection with any such sublease made for the
Lessee by the Lessor.  Under each such
sublease, the Lessee shall retain the right to enter upon and use the Property,
subject to the terms and conditions of such sublease and the rights of the
sublessee thereunder.  The Lessee
further agrees to pay to the Lessor, following the date of such subletting, to
and including the date provided in this Lease for the expiration of the Term,
the sums of money which would have been payable by the Lessee as Basic Rent and
Supplemental Rent, deducting only the net amount of rent, if any, which the
Lessor shall actually receive (after deducting from the gross receipts the
expenses, costs and payments of the Lessor which in accordance with the terms
of this Lease would have been borne by the Lessee) in the meantime from and by
any such subletting of the Property, and the Lessee hereby agrees to remain
liable for all sums otherwise payable by the Lessee under this Lease,
including, but not limited to, the expenses of the Lessor aforesaid, as well as
for any deficiency aforesaid.  The
Lessor shall have the right from time to time to begin and maintain successive
actions or other legal proceedings against the Lessee for the recovery of such
deficiency, expenses or damages or for a sum equal to any installments of Basic
Rent or Supplemental Rent and other sums payable hereunder, and to recover the
same upon the liability of the Lessee herein provided, which liability it is
expressly covenanted shall survive the commencement or determination of any
action to secure possession of the Property. 
Nothing herein contained shall be deemed to require the Lessor to wait
to begin such action or other legal proceedings until the date when this Lease
would have expired by limitation had there been no such Event of Default.  Notwithstanding any such subletting without
termination, pursuant to the terms hereof, the Lessor shall retain the right to
and may at any time thereafter elect to terminate this Lease or the Lessee's
right to possession of the Property for any previous breach which remains
uncured or for any subsequent breach by giving the Lessee written notice
thereof as herein provided, and in such event the Lessee shall forfeit any
rights or interest under any such sublease and thereafter the obligations of
any such sublessee shall run directly to the Lessor for its own account.  Upon application by the Lessor, a receiver
may be appointed to take possession of the Property, exercise all rights
granted to the Lessor as agent and attorney–in–fact for the Lessee
set forth in this Section 17.2(i) and apply any rentals collected from
the Property as hereinabove provided. 
No taking of possession of the Property or other act by the Lessor as
the agent and attorney–in–fact for the Lessee pursuant to the
foregoing provisions, nor any subletting by the Lessor for the Lessee pursuant
to the foregoing provisions, nor any such appointment of a receiver shall
constitute or be construed as an election by the Lessor to terminate this Lease
or the Lessee's right to possession of the Property unless a written notice of
such intention be given to the Lessee.







                           (j)          If this Lease is being
terminated on
the basis of the occurrence of an Event of Default (excluding a Limited Event
of Default) arising out of the failure to perform an obligation or covenant
listed on Schedule 17.2(j) or the breach of a representation or warranty
listed on Schedule 17.2(j), or the performance of which covenant or
obligation or the truth of which representation or warranty, or otherwise the
existence of such Event of Default (excluding a Limited Event of Default), is
qualified by the words "material," or "Objective Material
Adverse Effect" (but not "Material Adverse Effect") or "in
all material respects" or another similar qualifier set forth on Schedule
17.2(j) hereto, Lessor shall, to the extent required by Schedule 17.2(j)
hereto, apply commercially reasonable standards in determining that such Event
of Default (excluding a Limited Event of Default) occurred.


                           (k)         In the event a
Limited Event of Default
occurs prior to the Land Interest Acquisition Date in respect of the Phase II
Facility and the Lessor is exercising its rights and remedies under Section
17.2(h) with respect thereto, Lessor shall, in addition to such rights and
remedies, be entitled to take such steps as it may deem necessary or
appropriate to, and may require the Lessee to use its best efforts to, identify
a Person willing to accept an assignment of the Property Purchase Agreement in
respect of the Phase II Facility and to consummate the purchase of the Phase II
Facility.  In the event such a Person is
identified, the Lessee shall (i) cooperate with the Lessor and such Person as
necessary or as requested in order to transfer to such Person the rights and
benefits of the Lessee and/or the Lessor under the Property Purchase Agreement
and the Lockheed Indemnification Agreements in respect of the Phase II
Facility, and (ii) pay for any modifications requested by such Person to the
relevant Plans and Specifications and for any fees, costs or expenses required
to be paid or reimbursed to such Person in connection with such Person's
agreement to so acquire the Phase II Facility provided the Lessee's
liability with respect thereto shall not exceed 89.9% of the purchase price in
respect of the Phase II Facility payable pursuant to the Property Purchase
Agreement.


             17.3     Waiver of Certain Rights.  If this Lease shall be terminated pursuant
to Section 17.2, the Lessee waives, to the fullest extent permitted by
law, (a) any notice of re-entry or the institution of legal proceedings to
obtain re-entry or possession; (b) any right of redemption, re-entry or
repossession; (c) the benefit of any laws now or hereafter in force exempting
property from liability for rent or for debt or limiting the Lessor with
respect to the election of remedies; and (d) any other rights which might
otherwise limit or modify any of the Lessor's rights or remedies under this Article
XVII.


             17.4     
Loan Remedies.
If the transaction evidenced by this Agreement and the other Operative
Documents is treated as a loan, upon the occurrence or existence of any Event
of Default and at any time thereafter unless such Event of Default is waived,
the Lessor and the Trustee may with the consent of the Required Participants,
or shall, upon instructions from the Required Participants, exercise any one or
more of the following rights and remedies in addition to those rights and
remedies set forth in Section 17.2:


                           (a)         Acceleration of
Obligations.  The Lessor may, by written notice to the
Lessee, terminate this Lease and declare all unpaid Obligations due and
payable.  On such termination date
(which shall then be the Expiration Date), the Lessee shall pay the Asset
Termination Value (subject to Section 17.2(h)), all unpaid Basic Rent
accrued through such date, all Supplemental Rent due and payable on or prior to
such date and all other amounts payable by the Lessee on the Expiration Date
pursuant to this Lease and the other Operative Documents.


                           (b)        Uniform Commercial
Code Remedies.  The Lessor may exercise any or all of the
remedies granted to a secured party under the California Uniform Commercial
Code.


                           (c)         Judicial
Foreclosure.  The Lessor may bring an action in any court
of competent jurisdiction to foreclose the security interest in the Property
granted to the Lessor by this Lease or any of the other Operative Documents; provided
that if the Event of Default resulting in an exercise of such remedy is solely
a Limited Event of Default, the Lessor's right to recover any deficiency amount
from the Lessee following any such foreclosure shall be limited as set forth in
Section 17.2(h).  Further, Lessor
and/or the Trustee may bring an action or actions in a court of competent
jurisdiction to foreclose this instrument as a mortgage and to obtain specific
enforcement of the covenants of the Lessee hereunder, and the Lessee agrees
that such covenants shall be specifically enforceable by injunction or any
other appropriate equitable remedy and that for the purposes of any suit
brought hereunder the Lessee waives the defense of laches and any applicable
statute of limitations.


                           (d)        Power of Sale
 .  The Lessor may cause some or all of the
Property including any Collateral constituting personal property, including the
Cash Collateral ("Personal Property Collateral"), to be sold
or otherwise disposed of in any combination and in any manner permitted by
Applicable Law.





                           (i)          Sales of
Personal Property.  The Lessor may dispose of any Personal
Property Collateral separately from the sale of the Collateral constituting
real property ("Real Property Collateral"), in any manner
permitted by Division 9 of the California Uniform Commercial Code, including
any public or private sale, or in any manner permitted by any other applicable
Governmental Rule.  Any proceeds of any
such disposition shall not cure any Event of Default or reinstate any
Obligation for purposes of Section 2924c of the California Civil Code.  In connection with any such sale or other
disposition, the Lessee agrees that the following procedures constitute a
commercially reasonable sale:



                           (A)       The Lessor shall mail written
notice of
the sale to the Lessee not later than thirty (30) days prior to such sale.



                           (B)        Once per week during the
three (3) weeks
immediately preceding such sale, the Lessor will publish notice of the sale in
a local daily newspaper of general circulation.



                           (C)        Upon receipt of any
written request, the
Lessor will make the Property available to any bona fide prospective purchaser
for inspection during reasonable business hours.



                           (D)        Notwithstanding, the
Lessor shall be
under no obligation to consummate a sale if, in its judgment, none of the
offers received by it equals the fair value of the Property offered for sale.



                           (E)        If the Lessor so
requests, the Lessee
shall assemble all of the Personal Property Collateral and make it available to
the Lessor at the site of the Land Interest. 
Regardless of any provision of this Agreement or any other Operative
Document, the Lessor shall not be considered to have accepted any property
other than cash or immediately available funds in satisfaction of any
Obligation, unless the Lessor has given express written notice of its election
of that remedy in accordance with California Uniform Commercial Code Section
9505.



The
foregoing procedures do not constitute the only procedures that may be
commercially reasonable.






                           (ii)         Lessor's Sales
of Real Property or
Mixed Collateral.  The Lessor may
choose to dispose of some or all of the Property which consists solely of Real
Property Collateral in any manner then permitted by Applicable Law, including
without limitation a nonjudicial trustee's sale pursuant to California Civil
Code §§2924 et seq.  In
its discretion, the Lessor may also or alternatively choose to dispose of some
or all of the Property, in any combination consisting of both Real Property
Collateral and Personal Property Collateral, together in one sale to be held in
accordance with the law and procedures applicable to real property, as
permitted by Section 9501(4) of the California Uniform Commercial Code.  The Lessee agrees that such a sale of
Personal Property Collateral together with Real Property Collateral constitutes
a commercially reasonable sale of the Personal Property Collateral.  (For purposes of this Power of Sale, either
a sale of Real Property Collateral alone, or a sale of both Real Property
Collateral and Personal Property Collateral together in accordance with
California Uniform Commercial Code Section 9501(4), will sometimes be referred
to as a "Lessor's Sale").



                           (A)       Before any Lessor's Sale, the
Lessor
shall give such notice of default and election to sell as may then be required
by Applicable Law.



                           (B)        When all time periods
then legally
mandated have expired, and after such notice of sale as may then be legally
required has been given, the Lessor shall sell the property being sold at a
public auction to be held at the time and place specified in the notice of
sale.



                           (C)        Neither the Lessor nor
the Agent shall
have any obligation to make demand on the Lessee before any Lessor's Sale.



                           (D)        From time to time in
accordance with
then Applicable Law, the Lessor may postpone any Lessor's Sale by public
announcement at the time and place noticed for that sale.



                           (E)        At any Lessor's Sale,
the Lessor shall
sell to the highest bidder at public auction for cash in lawful money of the
United States.



                           (F)        The Lessor shall execute
and deliver to
the purchaser(s) a deed or deeds conveying the Property being sold without any
covenant or warranty whatsoever, express or implied.  The recitals in any such deed of any matters or facts, including
any facts bearing upon the regularity or validity of any Lessor's Sale, shall
be conclusive proof of their truthfulness. 
Any such deed shall be conclusive against all Persons as to the facts
recited in it.



                           (e)         Foreclosure Sales.



                           (i)          Single or
Multiple.  If the Property consists of more than one
lot, parcel or item of property, Lessor may:



                           (A)       Designate the order in which
the lots,
parcels and/or items shall be sold or disposed of or offered for sale or
disposition; and








                           (B)        Elect to dispose of the lots, parcels
and/or items through a single consolidated sale or disposition to be held or
made under the power of sale granted in Section 17.4(d), or in
connection with judicial proceedings, or by virtue of a judgment and decree of
foreclosure and sale; or through two or more such sales or dispositions; or in
any other manner the Lessor may deem to be in its best interests (any such sale
or disposition, a "Foreclosure Sale," any two or more, "Foreclosure
Sales").



If
the Lessor chooses to have more than one Foreclosure Sale, the Lessor at its option
may cause the Foreclosure Sales to be held simultaneously or successively, on
the same day, or on such different days and at such different times and in such
order as it may deem to be in its best interests.  No Foreclosure Sale shall terminate or affect the security
interests granted to the Lessor in the Property by this Lease or any part of
the Property which has not been sold, until all of the Obligations have been
paid in full.



                           (ii)         Credit Bids
 .  At any Foreclosure Sale, any Person,
including the Lessor or any Participant, may bid for and acquire the Property
or any part of it to the extent permitted by Applicable Law.  Instead of paying cash for the Property, the
Lessor may settle for the purchase price by crediting the sales price of the
Property against the Obligations in any order and proportions as the Lessor in
its sole discretion may choose.



                           (f)         Additional Rights
and Remedies.


                           (i)          In addition
to and without limitation
of the rights and remedies otherwise provided in this Section 17.4, Lessor
or its employees, acting by themselves or through a court-appointed receiver,
may enter upon, possess, manage, operate, dispose of and contract to dispose of
the Property or any part thereof; negotiate with governmental authorities with
respect to the Property's environmental compliance and remedial measures;
contract for goods and services, hire agents, employees and counsel, make
repairs, alterations and improvements to the Property necessary, in Lessor's
judgment, to protect or enhance the security hereof; to incur the risks and
obligations ordinarily incurred by owners of property (without any personal
obligation on the part of the receiver); and/or to take any and all other
actions which may be necessary or desirable to comply with Lessee's obligations
hereunder and under the Operative Documents. 
All sums realized by the Lessor under this Section 17.4(f)(i),
less all costs and expenses incurred by it under this Section 17.4(f)(i),
including attorneys' fees, and less such sums as the Lessor deems appropriate
as a reserve to meet future expenses under this Section 17.4(f)(i),
shall be applied to any Obligations secured hereby in such order as the Lessor
shall determine.  Neither application of
said sums to said indebtedness nor any other action taken by the Lessor under
this Section 17.4(f)(i) shall cure or waive any Event of Default or
notice of default hereunder or nullify the effect of any such notice of
default.  The Lessor, or any employee or
agent of the Lessor, or a receiver appointed by a court, may take any action or
proceeding hereunder without regard to (i) the adequacy of the security for the
indebtedness secured hereunder, (ii) the existence of a declaration that the
indebtedness secured hereby has been declared immediately due and payable, or
(iii) the filing of a notice of default;








                           (ii)         Lessor shall have the power and
authority to execute a written notice of such Event of Default and, at its
election, cause the Property to be sold to satisfy the Obligations secured
hereby.  The Lessor shall give and
record such notice as the law then requires as a condition precedent to a
nonjudicial foreclosure sale.  When the
minimum period of time required by law after such notice has elapsed, the
Lessor, without notice to or demand upon Lessee except as otherwise required by
law, shall sell the Property at the time and place of sale fixed by it in the
notice of sale and in such order as it or the Lessor may determine, at public
auction to the highest bidder for cash in lawful money of the United States,
payable at time of sale (the Obligations hereby secured being the equivalent of
cash for purposes of said sale).  If the
Property consists of several lots, parcels, or items of property, the Lessor
may: (i) designate the order in which such lots, parcels, or items of property
shall be offered for sale or sold, or (ii) elect to sell such lots, parcels or
items through a single sale, through two or more successive sales, or in any
other manner the Lessor deems in its best interest.  The Lessee shall have no right to direct the order in which the
Property is sold.  The Lessor may
postpone sale of all or any portion of the Property by public announcement at
such time and place of sale, and from time to time thereafter may postpone such
sale by public announcement at such time fixed by the preceding
postponement.  The Lessor shall deliver
to the purchaser at such sale a deed or other appropriate transfer instrument
conveying the Property or portion thereof so sold, but without any covenant or
warranty, express or implied.  The
recitals in such deed of any matters of facts shall be conclusive proof of the
truthfulness thereof.  Any person,
including the Lessor or the Lessee may purchase at such sale.



             In connection with any sale or
sales hereunder, the Lessor may elect to treat any of the Property which
consists of a right in action or which is property that can be severed from the
real property covered hereby or any improvements thereon without causing
structural damage thereto as if the same were personal property or a fixture,
as the case may be, and dispose of the same in accordance with applicable law,
separate and apart from the sale of real property.  Any sale of any personal property or fixtures hereunder shall be
conducted in any manner permitted by the California Uniform Commercial Code.



             After deducting all costs, fees and
expenses of the Lessor and of this trust, including all costs of evidence of
title and attorneys' fees in connection with sale, the Lessor shall apply the
proceeds of sale to payment of all sums so expended under the terms hereof not
then repaid; the payment of all other sums then secured hereby; and the
remainder, if any, to the person or persons legally entitled thereto;








                           (iii)        Lessor shall have the power and
authority to resort to and realize upon the Property and any other security now
or hereafter held by the Lessor in such order and manner as the Lessor and the
Trustee may, in their sole discretion, determine; and resort to any or all such
security may be taken concurrently or successively and in one or several
consolidated or independent judicial actions or lawfully taken non-judicial
proceedings, or both.



             17.5     
Remedies Cumulative.  The remedies herein provided shall be
cumulative and in addition to (and not in limitation of) any other remedies
available at law, equity or otherwise, including, without limitation, any
mortgage foreclosure remedies.


             17.6     The Lessee's Right to Cure.  Notwithstanding any provision contained in
the Lease or any other Operative Document, if a Event of Default has occurred
and is continuing, the Lessee shall have the right to cure such Event of
Default by (a) exercising its Purchase Option at any time prior to the earlier
of (i) the termination of the Lessee's possessory interest in the Property, (ii)
the thirty day period following the occurrence of a Lease Event of Default and
(iii) the entering into by the Lessor of a binding contract to sell the
Property, and (b) purchasing the Property in accordance with Section 20.1
at any time prior to such time as a foreclosure upon or sale of the Property
has been completed.


ARTICLE XVIII.


             18.1     The Lessor's Right to Cure the Lessee's Defaults.  The Lessor, without waiving or releasing any
obligation or Event of Default, may (but shall be under no obligation to)
remedy any Default or Event of Default (other than a Limited Default or a
Limited Event of Default) for the account and at the sole cost and expense of
the Lessee, including the failure by the Lessee to maintain the insurance
required by Article XIV (subject to the limitations set forth in Section
24.1), and may, to the fullest extent permitted by law, and notwithstanding
any right of quiet enjoyment in favor of the Lessee, enter upon the Property
for such purpose and take all such action thereon as may be necessary or
appropriate therefor.  No such entry
shall be deemed an eviction of the Lessee. 
All out-of-pocket costs and expenses so incurred (including fees and
expenses of counsel), together with interest thereon at the Overdue Rate from
the date on which such sums or expenses are paid by the Lessor, shall be paid
by the Lessee to the Lessor on demand (subject to the limitations set forth in Section
24.1), as Supplemental Rent.





ARTICLE XIX.


             19.1     Provisions Relating to the Lessee's Termination of this Lease
or Exercise of Purchase Option or Obligation and Conveyance Upon Remarketing
and Conveyance Upon Certain Other Events.


                           (a)         In connection with
any termination of
this Lease pursuant to the terms of Section 16.2 or 16.3 (if the
Lessee is obligated to purchase the Property), or in connection with the
Lessee's exercise of its Purchase Option or Expiration Date Purchase
Obligation, upon the date on which this Lease is to
terminate or upon the Expiration Date, and upon tender by the Lessee of the
amounts set forth in Sections 16.2(b), 20.1, 20.2 or 20.3,
as applicable, the Lessor shall execute and deliver to the Lessee (or to the
Lessee's designee) at the Lessee's cost and expense an assignment or transfer
without recourse of the Lessor's right, title and interest in the Property
(which shall include a release, quitclaim and assignment of all of the Lessor's
right, title and interest in and to any Net Proceeds with respect to the
Property or such portion thereof not previously received by the Lessor), subject
to Permitted Exceptions (other than Lessor Liens and, so long as all amounts
required to be paid upon such termination or exercise have been paid and
discharged in full, free of all Liens created by the Operative Documents) and
any encumbrance caused by the fault, neglect or intention of the Lessee, in
recordable form and otherwise in conformity with local custom and free and
clear of any Lessor Liens.  The
Improvements and the Equipment shall be conveyed to the Lessee "AS
IS" and in their then present condition of title and physical condition
free of any Lessor Liens and, so long as all amounts required to be paid upon
such termination or exercise have been paid and discharged in full, free of all
Liens created by the Operative Documents.


                           (b)        If the Lessee properly
exercises the
Remarketing Option or is required to remarket the Property or return the
Property to the Lessor pursuant to Section 17.2(h), then the Lessee
shall, on the Expiration Date, transfer possession of the Property (or
remaining portion thereof) to the Lessor or the independent purchaser thereof,
as the case may be, by surrendering the same into the possession of the Lessor
or such purchaser, as the case may be, free and clear of all Liens other than
Lessor Liens, in good condition (as modified by Modifications permitted by this
Lease), ordinary wear and tear excepted, in compliance with Applicable Law, and
in "broom-swept clean" condition. 
The Lessee shall cooperate reasonably with the Lessor and the
independent purchaser of the Property (or remaining portion thereof) in order
to facilitate the purchase by such purchaser of the Property (or remaining
portion thereof) which cooperation shall include the following, all of which
the Lessee shall do on or before the Expiration Date: providing all books and
records regarding the maintenance and ownership of the Property (or remaining
portion thereof) and all know–how, data and technical information
relating thereto, providing a current copy of all of the "as built"
Plans and Specifications for the Property, granting or assigning (to the extent
assignable) all existing licenses necessary for the operation and maintenance
of the Property and cooperating reasonably in seeking and obtaining all
necessary Governmental Action and complying with the provisions of Section
22.3 hereof.  The obligations of the
Lessee under this paragraph shall survive the expiration or termination of this
Lease. The reasonable, customary and documented costs and expenses of the
Lessee in complying with this Section 19.1(b) shall at the request of
the Lessee be paid or reimbursed from the gross proceeds of a sale of the
Property.





ARTICLE XX.


             20.1     
Purchase Option.
Without limitation of the Lessee's purchase obligation pursuant to Sections
20.2 or 20.3, unless the Lessee shall have given notice of its
intention to exercise the Remarketing Option and the Lessor shall have entered
into a binding contract to sell the Property, the Lessee shall have the option
(exercisable by giving the Lessor irrevocable written notice (each, a "Purchase
Notice") of the Lessee's election to exercise such option) to
purchase, or to designate a third party to purchase, all of the Property (the
"Purchase Option"), on the date specified in such Purchase
Notice, which date shall be a Payment Date. 
The purchase price in respect of the Property (the "Purchase
Option Price") shall be equal to the Asset Termination Value plus in
each case all other amounts owing in respect of Rent (including Supplemental
Rent) theretofore accruing (offsetting against such amount the aggregate amount
of the Cash Collateral, if any).  The
Lessee shall deliver the Purchase Notice to the Lessor not less than thirty
(30) days prior to the purchase date. 
If the Lessee exercises its Purchase Option pursuant to this Section
20.1 (the "Purchase Option"), the Lessor shall transfer to
the Lessee all of the Lessor's right, title and interest in and to all of the
Property, as of the date specified in the Purchase Notice upon receipt of the
Purchase Option Price and (without duplication) all Rent and all other amounts
then due and payable under this Lease and any other Operative Document, in
accordance with Section 19.1(a).


             20.2     Expiration Date Purchase Obligation.
Unless (a) the Lessee shall have properly exercised the Purchase Option
pursuant to Section 20.1 and purchased the Property pursuant thereto,
(b) the Lessee shall have properly exercised the Remarketing Option and shall
have fulfilled all of the conditions of clauses (a) through (j)
and (m) of Section 22.1 hereof, or (c) the Lessee shall have
properly exercised the Renewal Option pursuant to Section 21.1 and the
terms and conditions of a Renewal Term shall have been agreed upon pursuant to
such Section, then, subject to the terms, conditions and provisions set forth
in this Section 20.2, and in accordance with the terms of Section
19.1(a), the Lessee shall purchase from the Lessor, and the Lessor shall
assign and convey to the Lessee without recourse, on the Expiration Date of the
Term (as such Term may be renewed pursuant to Section 21.1) all of the
Lessor's right, title and interest in the Property for an amount equal to the
Asset Termination Value (the "Expiration Date Purchase Obligation"),
offsetting against such amount the aggregate amount of the Cash Collateral, if
any.  The Lessee may designate, in a
notice given to the Lessor not less than ten (10) Business Days prior to the
closing of such purchase (time being of the essence), the transferee or
transferees to whom the conveyance shall be made (if other than to the Lessee),
in which case such conveyance shall (subject to the terms and conditions set
forth herein) be made to such designee; provided, however, that
such designation of a transferee or transferees shall not cause the Lessee to
be released, fully or partially, from any of its obligations under this Lease,
including, without limitation, the obligation to pay the Lessor an amount equal
to the Asset Termination Value that was not fully and finally paid by such
designee on such Expiration Date.


             20.3     Acceleration of Purchase Obligation.


                           (a)         The Lessee shall
be obligated to
purchase for an amount equal to the Asset Termination Value the Lessor's
interest in the Property (notwithstanding any prior election to exercise its
Purchase Option pursuant to Section 20.1) (i) automatically and without
notice upon the occurrence and during the continuance of any Event of Default
specified in clause (f) or (g) of Section 17.1, and (ii)
as provided for at Section 17.2(e) immediately upon written demand of
the Lessor upon the occurrence of any other Event of Default (except as
provided in Section 17.2(h).


                           (b)        The Lessee shall be
obligated to
purchase for an amount equal to the Asset Termination Value (plus all other
amounts (without duplication) owing in respect of Rent (including Supplemental
Rent) theretofore accruing) (offsetting against such amount the aggregate
amount of the Cash Collateral, if any) immediately upon written demand of the
Lessor the Lessor's interest in the Property at any time during the Term when
the Lessor ceases to have title as contemplated by Section 12.1.





ARTICLE
XXI.


             21.1     Renewal.


                           (a)        
 Subject to the conditions set forth
herein, the Lessee shall have the option (the "Renewal Option")
by written request (the "Renewal Request") to the Lessor and
the Agent (which request the Agent shall promptly forward to each Participant)
and each Participant given not later than 180 days prior to the Expiration Date
then in effect, to renew the Term for an additional period as specified in such
Renewal Request, commencing on the date following the Expiration Date then in
effect. No later than the date (the "Renewal Response Date")
which is ninety (90) days after such request has been delivered to each of the
Lessor and the Agent, the Lessor will notify the Lessee in writing (with a copy
to Agent) whether or not it consents to such Renewal Request (which consent may
be granted or denied in its sole discretion and may be conditioned on receipt
of such financial information or other documentation as may reasonably be specified
by the Lessor including without limitation a satisfactory appraisal of the
Property), provided that if the Lessor shall fail to notify the Lessee
on or prior to the Renewal Response Date, it shall be deemed to have denied
such Renewal Request.  If the Lessor
shall have consented to the Renewal Request, the Renewal Term contemplated by
such request shall become effective as of the Expiration Date then in effect
after the Lessor has consented to such Renewal Request (each an "Extension
Effective Date"); provided that such renewal shall be subject to and
conditioned upon the following:


                           (A)       on both the Extension
Effective Date and
the date of the Renewal Request, (i) no Default or Event of Default shall have
occurred and be continuing, and (ii) the Lessor and the Agent shall have
received a Responsible Officer's Certificate of the Lessee as to the matters
set forth in clause (i) above,



                           (B)        the Lessee shall not
have exercised the
Remarketing Option, and



                           (C)        the Participants shall
have agreed to
extend the Maturity Date contemporaneously therewith pursuant to Section 3.6 of
the Participation Agreement such that the Renewal Term will expire on the same
date as the extended Maturity Date.



                           (b)        As of any date of
determination
following the Initial Expiration Date (in the event a Renewal Term is granted
hereunder), the Expiration Date shall be the date set forth in the then most
recent Extension Notice delivered by the Agent pursuant to Section 3.6 of the
Participation Agreement.


ARTICLE XXII.


             22.1     
Option to Remarket.  Subject to the fulfillment of each of the
conditions set forth in this Section 22.1, the Lessee shall have the
option (the "Remarketing Option") to market for the Lessor and
complete the sale of all, but not less than all, of the Lessor's interest in
the Property on the Expiration Date for the Lessor.







                           The
Lessee's effective exercise and consummation of the Remarketing Option shall be
subject to the due and timely fulfillment of each of the following provisions
as of the dates set forth below.


                           (a)         Not later than one
hundred eighty (180)
days prior to the Expiration Date, the Lessee shall give to the Lessor written
notice of the Lessee's exercise of the Remarketing Option, which exercise shall
be irrevocable (except by delivery of a Purchase Notice and consummation of the
exercise of the Purchase Option prior to the earlier of (i) the Expiration Date
or (ii) the date on which the Lessor enters into a binding contract to sell the
Property pursuant to the exercise of the Remarketing Option).


                           (b)        The Lessee shall deliver
to the Lessor
an Environmental Audit of the Property together with its notice of exercise of
the Remarketing Option.  Such
Environmental Audit shall be prepared by an environmental consultant selected
by the Lessor in the Lessor's reasonable discretion and shall contain
conclusions reasonably satisfactory to the Lessor as to the environmental
status of the Property.  If such
Environmental Audit indicates any material exceptions reasonably requiring
remedy or further investigation, the Lessee shall have also delivered a Phase
Two environmental assessment by such environmental consultant prior to the
Expiration Date showing the completion of the remedying of such exceptions in
compliance with Environmental Laws. The reasonable, customary and documented
costs and expenses of the Lessee in complying with this Section 22.1(b)
shall at the request of the Lessee be paid or reimbursed from the gross
proceeds of a sale of the Property.


                           (c)         On the date of the
Lessee's notice to
the Lessor of the Lessee's exercise of the Remarketing Option, other than a
notice given pursuant to Section 17.2(h), no Event of Default or Default shall
exist, and thereafter, no uncured Event of Default or Default shall exist.


                           (d)        The Lessee shall have
completed in all
material respects all Modifications, restoration and rebuilding of the Property
pursuant to Sections 11.1 and 15.1(e) (as the case may be) and
shall have fulfilled in all material respects all of the conditions and
requirements in connection therewith pursuant to said Sections, in each case by
the date on which the Lessor receives the Lessee's notice of the Lessee's
exercise of the Remarketing Option (time being of the essence), regardless of
whether the same shall be within the Lessee's control.  The Lessee shall have also paid the cost of
all Modifications commenced prior to the Expiration Date.  The Lessee shall not have been excused
pursuant to Section 13.1 from complying with any Applicable Law that
involved the extension of the ultimate imposition of such Applicable Law beyond
the last day of the Term.  Any Permitted
Exceptions on the Property that were contested by the Lessee shall have been
removed.







                           (e)         During the Marketing Period, the
Lessee
shall, as nonexclusive agent for the Lessor, use commercially reasonable
efforts to sell the Lessor's interest in the Property on or prior to the
Expiration Date (without diminishing the Lessee's obligation to consummate the
sale on the Expiration Date) and will attempt to obtain the highest purchase price
therefor and for not less than the Fair Market Sales Value.  The Lessee will be responsible for hiring
and compensating brokers and making the Property available for inspection by
prospective purchasers.  The Lessee
shall promptly upon request permit inspection of the Property and any
maintenance records relating to the Property by the Lessor, any Participant and
any potential purchasers, and shall otherwise do all things necessary to sell
and deliver possession of the Property to any purchaser. The reasonable,
customary and documented costs and expenses of the Lessee in complying with
this Section 22.1(e) shall at the request of the Lessee be paid or
reimbursed from the gross proceeds of a sale of the Property.  The Lessee shall allow the Lessor and any
potential qualified purchaser reasonable access to the Property for the purpose
of inspecting the same.


                           (f)         The Lessee shall
submit all bids to the
Lessor and the Agent, and the Lessor will have the right to review the same and
the right to submit any one or more bids. 
Any bid shall be on an all-cash basis unless the Lessor, the Agent and
the Participants shall otherwise agree in their sole discretion.  The Lessee shall use its best efforts to
procure bids from one or more bona fide prospective purchasers and shall
deliver any such bids to the Lessor and the Agent not less than ninety (90)
days prior to the Expiration Date a binding written unconditional (except as
set forth below), irrevocable offer by such purchaser or purchasers offering
the highest bid to purchase the Property. No such purchaser shall be the
Lessee, or any Subsidiary or Affiliate of the Lessee.  The written offer must specify the Expiration Date as the closing
date unless the Lessor, the Agent and the Participants shall otherwise agree in
their sole discretion.


                           (g)        In connection with any
such sale of the
Property, the Lessee will provide to the purchaser all customary
"seller's" indemnities, representations and warranties regarding
title, absence of Liens (except Lessor Liens) and the condition of the
Property, as well as such other terms and conditions as may be negotiated
between the Lessee and the purchaser. 
The Lessee shall have obtained all required governmental and regulatory
consents and approvals and shall have made all filings as required by
Applicable Law in order to carry out and complete the transfer of the Property.
The reasonable, customary and documented costs and expenses of the Lessee in
complying with this Section 22.1(g) shall at the request of the Lessee
be paid or reimbursed from the gross proceeds of a sale of the Property.  As to the Lessor, any such sale shall be
made on an "as is, with all faults" basis without representation or
warranty by the Lessor other than the absence of Lessor Liens and Liens created
by the Operative Documents.  Any
agreement as to such sale shall be made subject to the Lessor's rights
hereunder.


                           (h)        All prorations, credits,
costs and
expenses of the sale of the Property, whether incurred by the Lessor, the
Participants or the Lessee, including without limitation, the cost of all title
insurance, surveys, environmental reports, appraisals, transfer taxes, the
Lessor's, the Participants' and the Agent's reasonable attorneys' fees, the
Lessee's attorneys' fees, commissions, escrow fees, recording fees, and all
applicable documentary and other transfer taxes, shall be paid from the gross
sale proceeds.  Notwithstanding the
foregoing, any such amounts to be paid to the Lessee shall be so paid only to
the extent such amounts are reasonable, customary and documented and only to
the extent requested by the Lessee.


                           (i)          The Lessee
shall pay to the Agent on
the Expiration Date (or to such other Person as the Lessor shall notify the
Lessee in writing, or in the case of Supplemental Rent, to the Person entitled
thereto) an amount equal to the Residual Value Guarantee Amount (which shall be
paid in accordance with Section 3.22 of the Participation Agreement) plus
(without duplication) all Rent and all other amounts hereunder which have
accrued or will accrue prior to or as of the Expiration Date, in the type of
funds specified in Section 3.4 hereof.







                           (j)          If, within ninety (90)
days prior to
the Expiration Date, it is determined (based upon the highest bid by a
purchaser to purchase the Property pursuant to paragraph (f) of this Section
22.1) that there would, after giving effect to the proposed sale of the
Property, be a Shortfall Amount, the Lessee (i) shall cause to be delivered to
the Lessor and the Agent the End of Term Report required by Section 13.2 of the
Participation Agreement and (ii) shall on the Expiration Date pay to the Agent
(or to such other person as the Lessor shall notify the Lessee in writing), the
amounts (not to exceed the Shortfall Amount) required to be paid pursuant to
Section 13.2 of the Participation Agreement.


                           (k)         The purchase of
the Property shall be
consummated on the Expiration Date following the payment by the Lessee pursuant
to paragraphs (i) and (j) above and contemporaneously with the
Lessee's surrender of the Property pursuant to Section 19.1(b) and the
Net Sales Proceeds of the sale of the Property shall be paid directly to the
Agent; provided, however, that if the sum of the Net Sales
Proceeds from such sale of the Property plus the Residual Value Guarantee Amount
paid by Lessee pursuant to paragraph (i) above exceeds the Asset
Termination Value as of such date, then the excess shall be paid to the Lessee
on the Expiration Date.


                           (l)          The Lessee
shall not be entitled to
exercise or consummate the Remarketing Option if a circumstance that would
permit the Lessor to require the Lessee to repurchase the Property under Section
16.3 exists and is continuing.


                           (m)        No subleases affecting
the Property
shall be in effect on the Expiration Date.


             If one or more of the foregoing
provisions shall not be fulfilled as of the relevant date set forth above, then
the Lessor shall declare by written notice to the Lessee the Remarketing Option
to be null and void (whether or not it has been theretofore exercised by the
Lessee) as to the Property, in which event all of the Lessee's rights under
this Section 22.1 shall immediately terminate and the Lessee shall be
obligated to vacate the Property on the Expiration Date and comply with the
obligations set forth in Section 22.3. 
Except as expressly set forth herein, the Lessee shall have no right,
power or authority to bind the Lessor in connection with any proposed sale of
the Property.


             If the Lessee has paid the Residual
Value Guarantee Amount as required herein and in Section 3.22 of the
Participation Agreement, proceeds from a sale of the Property pursuant to the
Remarketing Option or, if not sold as provided in this Section 22.1 from
a sale of the Property occurring thereafter shall be distributed as provided in
Section 3.14 of the Participation Agreement.


             22.2     Certain Obligations Continue.  During
the Marketing Period, the obligation of the Lessee to pay Rent (including the
installment of Basic Rent due on the fifth anniversary of the Closing Date or
at the end of any Renewal Term, as the case may be) shall continue undiminished
until payment in full to the Lessor, for deposit into an account with the Agent
(or as otherwise required pursuant to Section 3.22 of the Participation
Agreement), of the Net Sales Proceeds, the Residual Value Guarantee Amount, and
(without duplication) all other amounts due to the Lessor with respect to the
Property under the Operative Documents. 
The Lessor shall have the right, but shall be under no duty, to solicit
bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to
take action in connection with any such sale, other than as expressly provided
in this Article XXII.







             22.3     Support Obligations.
In the event that (A) the Lessee does not elect to purchase the Property on the
Expiration Date, (B) this Lease is terminated without a purchase of the
Property by the Lessee as expressly permitted herein, or (C) pursuant to the
Lessor's exercise of remedies under Article XVII, this Lease is
terminated, the Lessee shall, upon the request of the Lessor, exercise all
commercially reasonable efforts to provide the Lessor or other purchaser of the
Property, effective on the Expiration Date or earlier termination of this
Lease, with (i) all permits, certificates of occupancy, governmental licenses
and authorizations necessary to use and operate the Property for its intended
purposes (to the extent such items are transferable), (ii) such easements,
licenses, rights-of-way and other rights and privileges in the nature of an
easement (as are reasonably necessary or desirable in connection with the use,
repair, access to or maintenance of the Property), and (iii) any service
agreements, contracts or subcontracts in existence at such time relating to the
use and operation of the Property, in each case to the extent assignable.  All assignments, licenses, easements,
agreements and other deliveries required by clauses (i), (ii) and
(iii) of this Section 22.3 shall be in form satisfactory to the
Lessor and shall, to the extent permissible pursuant to the underlying assigned
interest or Applicable Law, be fully assignable (including both primary
assignments and assignments given in the nature of security) without payment of
any fee, cost or other charge.


ARTICLE XXIII.


             23.1     
Holding Over.  If the Lessee shall for any reason remain in
possession of the Property after the expiration or earlier termination of this
Lease (unless the Property is conveyed to the Lessee), such possession shall be
as a tenancy at sufferance during which time the Lessee shall continue to pay
Supplemental Rent that would be payable by the Lessee hereunder were the Lease
then in full force and effect and the Lessee shall continue to pay Basic Rent
at an annual rate equal to 110% of the average rate of Basic Rent payable
hereunder during the Term.  Such Basic
Rent shall be payable from time to time upon demand by the Lessor.  During any period of tenancy at sufferance,
the Lessee shall, subject to the second preceding sentence, be obligated to
perform and observe all of the terms, covenants and conditions of this Lease,
but shall have no rights hereunder other than the right, to the extent given by
law to tenants at sufferance, to continue its occupancy and use of the
Property.  Nothing contained in this Article
XXIII shall constitute the consent, express or implied, of the Lessor to
the holding over of the Lessee after the expiration or earlier termination of
this Lease (unless the Property is conveyed to the Lessee), and nothing
contained herein shall be read or construed to relieve the Lessee of its
obligations to purchase or remarket the Property on the Expiration Date
pursuant to Article XX or Article XXII or as preventing the
Lessor from maintaining a suit for possession of the Property or exercising any
other remedy available to the Lessor at law or in equity or hereunder.





ARTICLE XXIV.


             24.1     
Risk of Loss.  The Lessee assumes all risks of loss arising
from any Casualty or Condemnation which arises or occurs prior to the
Expiration Date or while the Lessee is in 
possession of the Property and all 
liability for all personal injuries and deaths and damages to property
suffered by any Person or property on or in connection with the Property which
arises or occurs prior to the Expiration Date or while the Lessee is in
possession of the Property, except in each case to the extent any such loss or
liability is primarily caused by the gross negligence or willful misconduct of
a Lessor Party.


ARTICLE XXV.


             25.1     Subletting and Assignment.
THE LESSEE MAY NOT ASSIGN THIS LEASE OR ANY OF ITS RIGHTS OR OBLIGATIONS
WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR. 
The Lessee may, without the consent of the Lessor, sublease the Property
or portion thereof to any Person, provided, that no such sublease shall,
in the opinion of the Lessor, materially adversely affect any of the Lessor's
interests, rights or remedies under the Lease or the Lessor's title to the
Property.  No assignment, sublease or
other relinquishment of possession of the Property shall in any way discharge
or diminish any of the Lessee's obligations to the Lessor hereunder and the
Lessee shall remain directly and primarily liable under this Lease as to the
Property, or portion thereof, so assigned or sublet.  Any sublease of the Property shall be made subject to and
subordinated to this Lease and to the rights of the Lessor hereunder, and shall
expressly provide for the surrender of the Property (or portion thereof) after
an Event of Default hereunder.  All such
subleases shall expressly provide for termination at or prior to the earlier of
the applicable Expiration Date or other date of termination of this Lease
unless the Lessee shall have purchased the Property pursuant to Article XX.  No assignee or sublessee shall use the
Property in a manner which is substantially different from the manner in which
the Property is used or intended for use by the Lessee or in any manner not
otherwise permitted under Section 8.2, without the prior written consent
of the Lessor.


ARTICLE XXVI.


             26.1     Estoppel Certificates.  At any time and from time to time upon not
less than twenty (20) days' prior request by the Lessor or the Lessee (the
"Requesting Party"), the other party (whichever party shall
have received such request, the "Certifying Party") shall
furnish to the Requesting Party (but not more than four times per year unless
required to satisfy the requirements of any sublessees and only to the extent
that the required information has been provided to the Certifying Party by the
other party) a certificate signed by an individual having the office of vice president
or higher in the Certifying Party certifying that this Lease is in full force
and effect (or that this Lease is in full force and effect as modified and
setting forth the modifications); the dates to which the Basic Rent and
Supplemental Rent have been paid; to the best knowledge of the signer of such
certificate, whether or not the Requesting Party is in default under any of its
obligations hereunder (and, if so, the nature of such alleged default); and
such other matters under this Lease as the Requesting Party may reasonably
request.  Any such certificate furnished
pursuant to this Article XXVI may be relied upon by the Requesting
Party, and any existing or prospective mortgagee, purchaser or lender, and any
accountant or auditor, of, from or to the Requesting Party (or any Affiliate
thereof).





ARTICLE XXVII.


             27.1     
Right to Inspect.  During the Term, the Lessee shall upon
reasonable notice from the Lessor (except that no notice shall be required if a
Event of Default has occurred and is continuing), permit the Lessor, the Agent
and their respective authorized representatives to inspect the Property during
normal business hours, provided that such inspections shall not unreasonably
interfere with the Lessee's business operations at the Property, and provided
further that the Lessee may, if it so chooses, be present during such
inspections.


             27.2     
No Waiver.  No failure by the Lessor or the Lessee to
insist upon the strict performance of any term hereof or to exercise any right,
power or remedy upon a default hereunder, and no acceptance of full or partial
payment of Rent during the continuance of any such default, shall constitute a
waiver of any such default or of any such term.  To the fullest extent permitted by law, no waiver of any default
shall affect or alter this Lease, and this Lease shall continue in full force
and effect with respect to any other then existing or subsequent default.


ARTICLE XXVIII.


             28.1     Acceptance of Surrender.  No surrender to the Lessor of this Lease or
of all or any portion of the Property or of any part thereof or of any interest
therein shall be valid or effective unless agreed to and accepted in writing by
the Lessor and, prior to the payment or performance of all obligations under
the Participation Agreement and termination of the Commitments, the Agent, and
no act by the Lessor or the Agent or any representative or agent of the Lessor
or the Agent, other than a written acceptance, shall constitute an acceptance
of any such surrender.


ARTICLE XXIX.


             29.1     
No Merger of Title.  There shall be no merger of this Lease or of
the leasehold estate created hereby by reason of the fact that the same Person
may acquire, own or hold, directly or indirectly, in whole or in part, (a) this
Lease or the leasehold estate created hereby or any interest in this Lease or
such leasehold estate, or (b) any estate of others in the Property created by
any sublease permitted under this Lease, except as may expressly be stated in a
written instrument duly executed and delivered by the appropriate Person.





ARTICLE
XXX.


             30.1     Notices. 
All notices, demands,
requests, consents, approvals and other communications hereunder shall be in
writing and delivered (i) personally, (ii) by a nationally recognized overnight
courier service, (iii) by mail (by registered or certified mail, return receipt
requested, postage prepaid) or (iv) by facsimile, addressed to the respective
parties, as follows:




	

If
  to the Lessee:

  	

Yahoo!
  Inc. 

  3420 Central Expressway 

  Santa Clara, California 95051 

  Attention:  Chief Financial Officer 

  Telephone:  (408) 731-3300 

  Facsimile:  (408) 731-3485

  
	 

  	 

  
	

With
  a copy to:

  	

Yahoo!
  Inc. 

  3420 Central Expressway 

  Santa Clara, California 95051 

  Attention:  General Counsel 

  Telephone:  (408) 731-3300 

  Facsimile:  (408) 830-6208

  
	 

  	 

  
	

If
  to the Lessor:

  	

Lease
  Plan North America, Inc. 

  135 South LaSalle Street, Suite 740 

  Chicago, Illinois  60603 

  Attention: Elizabeth M. Walker 

  Telephone:   (312) 904-2809 

  Facsimile:   (312) 904-6217

  
	 

  	 

  
	

If
  to the Agent:

  	

ABN
  AMRO Bank N.V. 

  208 South LaSalle Street, Suite 1500 

  Chicago, Illinois  60604 

  Attention: Gregory R. Miller 

  Telephone:   (312) 992-5170 

  Facsimile:   (312) 992-5111

  
	 

  	 

  
	

with
  a copy to:

  	

ABN
  AMRO Bank N.V. 

  101 California Street, Suite 4550 

  San Francisco, California  94111-5812 

  Attention: Jamie Dillon 

  Telephone:   (415) 984-3750 

  Facsimile:   (415) 362-3524

  






 


or
such additional parties and/or other address as such party may hereafter
specify in writing in accordance with this Lease, and shall be effective upon
receipt or refusal thereof.





ARTICLE XXXI.


             31.1     
Miscellaneous.  Anything contained in this Lease to the
contrary notwithstanding, all claims against and liabilities of the Lessee or
the Lessor arising from events commencing prior to the expiration or earlier
termination of this Lease shall survive such expiration or earlier
termination.  If any term or provision
of this Lease or any application thereof shall be declared invalid or
unenforceable, the remainder of this Lease and any other application of such
term or provision shall not be affected thereby.  If any right or option of the Lessee provided in this Lease,
including any right or option described in Articles XV, XVI, XX,
XXI or XXII, would, in the absence of the limitation imposed by
this sentence, be invalid or unenforceable as being in violation of the rule
against perpetuities or any other rule of law relating to the vesting of an
interest in or the suspension of the power of alienation of property, then such
right or option shall be exercisable only during the period which shall end twenty-one
(21) years after the date of death of the last survivor of the descendants of
Franklin D. Roosevelt, the former president of the United States, Henry Ford,
the deceased automobile manufacturer, and John D. Rockefeller, the founder of
the Standard Oil Company, known to be alive on the date of the execution,
acknowledgment and delivery of this Lease.


             31.2     Amendments and Modifications.  Subject to the requirements, restrictions
and conditions set forth in the Participation Agreement, neither this Lease,
any Lease Supplement nor any provision hereof may be amended, waived,
discharged or terminated except by an instrument in writing in recordable form
signed by the Lessor and the Lessee.


             31.3     Successors and Assigns.  All the terms and provisions of this Lease
shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns.


             31.4     Headings and Table of Contents.  The headings and table of contents in this
Lease are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof.


             31.5     
Counterparts.  This Lease may be executed in any number of
counterparts, each of which shall be an original, but all of which shall
together constitute one and the same instrument.


             31.6     
GOVERNING LAW.  THIS AGREEMENT SHALL IN ALL RESPECTS BE
GOVERNED BY THE LAW OF THE STATE OF CALIFORNIA (EXCLUDING ANY CONFLICT OF LAW
OR CHOICE OF LAW RULES WHICH MIGHT LEAD TO THE APPLICATION OF THE INTERNAL LAWS
OF ANY OTHER JURISDICTION) AS TO ALL MATTERS OF CONSTRUCTION, VALIDITY AND
PERFORMANCE.


             31.7     Limitations on Recourse.  The
parties hereto agree that the Lessor shall have no personal liability
whatsoever to the Lessee or its respective successors and assigns for any claim
based on or in respect of this Lease or any of the other Operative Documents or
arising in any way from the transactions contemplated hereby or thereby; provided,
however, that the Lessor shall be liable in its individual capacity (a)
for its own willful misconduct or gross negligence (or negligence in the
handling of funds), (b) for liabilities that may result from the incorrectness
of any representation or warranty expressly made by it in Section 7.1 of the
Participation Agreement or from the failure of the Lessor to perform its
covenants and agreements set forth in Section 10.3 of the Participation
Agreement, and (c) for any Taxes based on or measured by any fees, commission
or compensation received by it for acting as the Lessor as contemplated by the
Operative Documents.  It is understood
and agreed that, except as provided in the preceding proviso: (i) the Lessor
shall have no personal liability under any of the Operative Documents as a
result of acting pursuant to and consistent with any of the Operative
Documents; (ii) all obligations of the Lessor to the Lessee are solely
nonrecourse obligations except to the extent that it has received payment from
others and are enforceable solely against 
the Lessor's interest in the Property; and (iii) all such personal
liability of the Lessor is expressly waived and released as a condition of, and
as consideration for, the execution and delivery of the Operative Documents by
the Lessor.







             31.8     
Original Lease.  The single executed original of this Lease
marked "THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART" on the
signature page thereof and containing the receipt of the Agent therefor on or
following the signature page thereof shall be the Original Executed Counterpart
of this Lease (the "Original Executed Counterpart").  To the extent that this Lease constitutes
chattel paper, as such term is defined in the Uniform Commercial Code as in
effect in any applicable jurisdiction, no security interest in this Lease may
be created through the transfer or possession of any counterpart other than the
Original Executed Counterpart.


[signature
page follows]










             IN WITNESS WHEREOF, the parties
have caused this Lease to be duly executed and delivered as of the date first
above written.




	

LEASE
  PLAN NORTH AMERICA, INC.,

  
	

an
  Illinois corporation, as Lessor

  
	 

  
	 

  
	

By:
  /s/ David M. Shipley



  


  
	

Name:
  David M. Shipley



  


  
	

Title:
  Vice President



  


  
	 

  
	

YAHOO!
  INC.,     

  
	

a
  Delaware corporation

  
	 

  
	 

  
	

By:
  /s/ Susan L. Decker



  


  
	

Name:
  Susan L. Decker



  


  
	

Title:
  Senior Vice President, Financial and Administration and Chief Financial
  Officer



  


  






 





             THIS COUNTERPART IS THE
ORIGINAL EXECUTED COUNTERPART.


             Receipt of this original
counterpart of the foregoing Lease is hereby acknowledged as of March 16, 2001.




	

ABN
  AMRO BANK N.V., as Agent 

  
	 

  
	 

  
	

By:     /s/ David M. Shipley



  


  
	

Name:  David M. Shipley



  


  
	

Title:    Vice President



  


  
	 

  
	 

  
	

By:  /s/ 
  Elizabeth M. Walker



  


  
	

Name:   Elizabeth M. Walker



  


  
	

Title:    Vice President



  


  






 










	
  Recording
  requested by, and when
  	 
  
	
  Recorded,
  please return to:
  McGuireWoods
  LLP
  77
  West Wacker Drive
  Chicago,
  Illinois  60601
  Attn:  W. Kirk Grimm, Esq.