Bond Lease. Immediately upon effectiveness of this Agreement, the Company and Issuer will enter into the Bond Lease, pursuant to which Issuer will sublease the property subject to the Project Site Lease and lease the Project Property to the Company, and the terms and conditions of the Bond Lease will govern such arrangement. The parties intend that this Agreement will remain in effect following execution of the Bond Lease and that neither will be merged into the other. Notwithstanding any claim or provision in the Project Site Lease, the Company’s environmental indemnity contained in Section 4.06 of the Bond Lease should extend to the Issuer for its protection in connection with its interest in this Agreement.
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Sources: Sublease Agreement, Sublease Agreement