Continued Operation of Intermodal Facility. Recipient shall maintain continuous full-time operation of an intermodal facility on the Property, to be known as LPND, and provide the public equal and uniform use of LPND’s services for a period of at least five (5) years after the Benefit Date of this Agreement. For purposes of this Agreement, “continuous full-time operation” of LPND shall mean the loading for transport by rail a minimum of one thousand three hundred (1300) twenty-foot equivalent unit intermodal containers out of the LPND per quarter. Recipient intends to have a long-term lease in effect with the operator(s) of LPND, which will provide the day-to-day management and operation of LPND. The lease will include the goals contained in this Agreement and provide that at the end of ten (10) years the operator(s) will have the ability to exercise an option to purchase the assets of LPND.
