Common use of Subleasing of Project to Authority Clause in Contracts

Subleasing of Project to Authority. The Sponsors hereby rent, sublease and relet the Project to the Authority, and the Authority hereby rents, subleases and rehires the Project from the Sponsors upon and subject to the terms and conditions herein contained. The Authority covenants and agrees to plan, construct, operate and maintain the Project as herein provided. The Authority further covenants and agrees to use its best efforts to obtain the maximum use and occupancy of the Project for NFL football and for all types of sports, recreation and other legal uses. The Authority and the Sponsors agree that such use and occupancy of the Project will carry out the public purposes of the Sponsors by promoting sports activity and tourism, increasing and creating jobs, and generating additional taxes for the use and benefit of the Sponsors and their citizens. During the Agreement Term, to further such public purposes, upon the reasonable request of the City the Authority shall permit use of the Project, free of charge, for certain amateur or collegiate sporting events promoted by the City (e.g. select public high school football games or the St. Louis Gateway Classic football game). The Authority covenants and agrees that it will not enter into any binding commitment or agreement, including, but not limited to the NFL Team Lease, with the NFL Team to play NFL Football games in the sports facility constructed as part of the Project unless a minimum of two of the City-appointed Commissioners of the Authority appointed pursuant to Section 67.652 RSMo. have voted in favor of the NFL Team Lease or such other binding commitment or agreement. The Authority further covenants and agrees that that the term of any NFL Team Lease or such other binding commitment or agreement with the NFL Team to play NFL Football games in the sports facility constructed as part of the Project, must not expire prior to the termination of the City’s payment obligations hereunder.

Subleasing of Project to Authority. The Sponsors hereby rent, sublease and relet the Project to the Authority, and the Authority hereby rents, subleases and rehires the Project from the Sponsors upon and subject to the terms and conditions herein contained. The Authority covenants and agrees to plan, construct, operate and maintain the Project as herein provided. The Authority further covenants and agrees to use its best efforts to obtain the maximum use and occupancy of the Project for NFL football and for all types of sports, recreation and other legal uses. The Authority and the Sponsors agree that such use and occupancy of the Project will carry out the public purposes of the Sponsors by promoting sports activity and tourism, increasing and creating jobs, and generating additional taxes for the use and benefit of the Sponsors and their citizens. During the Agreement Term, to further such public purposes, upon the reasonable request of the City the Authority shall permit use of the Project, free of charge, for certain amateur or collegiate sporting events promoted by the City (e.g. select public high school football games or the St. Louis Gateway Classic football game). The Authority covenants and agrees that it will not enter into any binding commitment or agreement, including, but not limited to the NFL Team Lease, with the NFL Team to play NFL Football games in the sports facility constructed as part of the Project unless a minimum of two of the City-appointed City­appointed Commissioners of the Authority appointed pursuant to Section 67.652 RSMo. have voted in favor of the NFL Team Lease or such other binding commitment or agreement. The Authority further covenants and agrees that that the term of any NFL Team Lease or such other binding commitment or agreement with the NFL Team to play NFL Football games in the sports facility constructed as part of the Project, must not expire prior to the termination of the City’s payment obligations hereunder.

Subleasing of Project to Authority. The Sponsors hereby rent, sublease and relet the Project to the Authority, and the Authority hereby rents, subleases and rehires the Project from the Sponsors upon and subject to the terms and conditions herein contained. The Authority covenants and agrees to plan, construct, operate and maintain the Project as herein provided. The Authority further covenants and agrees to use its best efforts to obtain the maximum use and occupancy of the Project for NFL football and for all types of sports, recreation and other legal uses. The Authority and the Sponsors agree that such use and occupancy of the Project will carry out the public purposes of the Sponsors by promoting sports activity and tourism, increasing and creating jobs, and generating additional taxes for the use and benefit of the Sponsors and their citizens. During the Agreement Term, to further such public purposes, upon the reasonable request of the City the Authority shall permit use of the Project, free of charge, for certain amateur or collegiate sporting events promoted by the City (e.g. select public high school football games or the St. Louis Gateway Classic football game). The Authority covenants and agrees that it will not enter into any binding commitment or agreement, including, but not limited to the NFL Team Lease, with the NFL Team to play NFL Football games in the sports facility constructed as part of the Project unless (i) a minimum of two of the City-appointed Commissioners of the Authority appointed pursuant to Section 67.652 RSMo. and (ii) a minimum of three of the State-appointed Commissioners of the Authority appointed pursuant to Section 67.652 RSMo. have voted in favor of the NFL Team Lease or such other binding commitment or agreement. The Authority further covenants and agrees that that the term of any NFL Team Lease or such other binding commitment or agreement with the NFL Team to play NFL Football games in the sports facility constructed as part of the Project, must not expire prior to the termination of the CityCity’xxxxxxx Sponsor’s payment obligations hereunder.