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contemplated by this Agreement and to carry out its obligations hereunder; and will do <br /> or cause to be done all things necessary to preserve and keep in full force and effect its <br /> existence as a body corporate and politic. <br /> B. This Agreement and all other documents relating thereto and the performance of <br /> Lessee's obligations hereunder have been duly and validly authorized, executed and <br /> delivered by Lessee and approved under all laws, regulations and procedures with <br /> public bidding requirements, and constitute a valid, legal and binding obligation of <br /> Lessee, enforceable in accordance with its terms; and Lessee further represents, <br /> covenants and warrants that all requirements have been met, and procedures have <br /> occurred in order to ensure the enforceability of this Agreement, and Lessee has <br /> complied with such public bidding requirements as may be applicable to this Agreement <br /> and the acquisition by Lessee of the Property hereunder. <br /> C. No approval or consent is required from any governmental authority with <br /> respect to the entering into performance by Lessee of this Agreement and the <br /> transactions contemplated hereby or if any such approval is required it has been duly <br /> obtained. <br /> D. During the term of this Agreement, the Property will be used by Lessee only for <br /> the purpose of performing governmental or proprietary functions of Lessee consistent <br /> with the permissible scope of Lessee's authority and will not be used in a trade or <br /> business of any person or entity other than the Lessee. <br /> E. During the period this Agreement is in force, Lessee will annually provide <br /> Lessor or its assignee with current financial statements, budgets, proof of appropriation <br /> for the ensuing fiscal year and such other financial information relating to the ability of <br /> Lessee to continue this Agreement as may be reasonably requested by Lessor or its <br /> assignees. <br /> F. The Property will have a useful life in the hands of the Lessee that is <br /> substantially in excess of the Original Term and all Renewal Terms. <br /> G. The Property is, and shall remain during the period this agreement is in force, <br /> personal property and when subject to use by Lessee under this Agreement, will not be <br /> or become fixtures, notwithstanding the manner in which it may be attached to the <br /> realty. <br /> ARTICLE II: COMMENCEMENT OF LEASE TERM. The Original Term of this <br /> Agreement shall commence on the date the Property is accepted by Lessee as indicated on the <br /> Certificate of Acceptance ("Commencement Date") and shall terminate one year after the <br /> Commencement Date. For the duration of the Lease Term, this Agreement will be <br /> automatically renewed at the end of the Original Term and any Renewal Term unless the <br /> Lessee gives written notice to Lessor not less than ninety (90) days prior to the end of the <br /> 2 <br />