Demising Clauses. For and during the Lease Term, the Council hereby demises and leases to the Company, subject to Permitted Encumbrances, and the Company hereby rents from the Council, subject to Permitted Encumbrances, the following described properties and related rights: The parcel of land specifically described in Exhibit A attached hereto and made a part hereof. The Project Building and all other buildings, structures and other improvements now or hereafter situated on the Project Site, all permits, easements, licenses, rights-of-way, contracts, leases, privileges, immunities and hereditaments pertaining or applicable to the Project Site and all fixtures now or hereafter owned by the Council and installed on the Project Site or in the Project Building or in any of such other buildings, structures and improvements now or hereafter located on the Project Site, it being the intention hereof that all property, rights and privileges hereafter acquired for use as a part of or in connection with or as an improvement to the Project Site shall be as fully covered hereby as if such property, rights and privileges were now owned by the Council and were specifically described herein. All items (whether or not fixtures) of furniture, furnishings, fixtures, machinery, equipment and other personal property that at any time, under the provisions of the Lease, constitute the Project Equipment, including, without limitation, the items (whether or not fixtures) of furniture, furnishings, fixtures, machinery, equipment and other personal property generally described in Exhibit B attached hereto and made a part hereof, excluding, however, any such personal property that, under the provisions of the Lease, is, or is to become (prior to the termination of the Lease), the sole property of the Company or third parties.
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Demising Clauses. For and during the Lease Term, the Council The Board hereby demises and leases to the Company, subject to Permitted Encumbrances, and the Company hereby rents from the CouncilBoard, subject to Permitted Encumbrances, for and during the Lease Term, the following described properties and related rights: The parcel of land real property situated in Marengo County, Alabama, that is specifically described in Exhibit A attached hereto and made a part hereof. ; The Project Building Plant and all other buildings, structures and any other improvements constituting real property now or hereafter situated on the Project Site, all permits, easements, licenses, rights-of-way, contracts, leases, privileges, immunities and hereditaments pertaining or applicable to the Project Site and all fixtures now or hereafter owned by the Council Board and installed on the Project Site or in the Project Building or in any of such other buildings, structures and improvements now or hereafter located on the Project Site, it being the intention hereof that all property, rights and privileges hereafter acquired for use as a part of or in connection with or as an improvement to the Project Site shall be as fully covered hereby as if such property, rights and privileges were now owned by the Council Board and were specifically described herein. ; and All items (whether or not fixtures) of furniture, furnishings, fixtures, machinery, equipment and other personal property that at any time, under the provisions of the Leasethis Lease Agreement, constitute the Project Equipment, including, without limitation, the items (whether or not fixtures) of furniture, furnishings, fixtures, machinery, equipment and other personal property generally described in Exhibit B attached hereto and made a part hereof, excluding, however, any such equipment or other personal property that, under the provisions of the Leasethis Lease Agreement, is, or is to become (prior to the termination of the Leasethis Lease Agreement), the sole property of the Company or third parties.
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