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50 <br /> The County is the record owner of the Site. <br /> NOW THEREFORE, for and in consideration of the mutual promises contained in <br /> this Lease, the parties agree as follows: <br /> ARTICLE I <br /> DEFINITIONS; RULES OF CONSTRUCTION <br /> All capitalized terms used in this Lease and not otherwise defined have the <br /> meanings assigned to them in the Financing Contract, unless the context clearly requires <br /> otherwise. <br /> In addition, the following terms have the meanings specified below, unless the <br /> context clearly requires otherwise: <br /> "Event of Default" means one or more events of default as defined in Section 11.1. <br /> "Lease" means this Lease, as it may be duly amended. <br /> "Lease Term" means the term of this Lease as determined pursuant to Article IV. <br /> "Lease Year" means, initially, the period from the Closing Date through June 30, <br /> 2016, and thereafter, means each twelve-month period commencing on July 1 and ending <br /> on the next June 30. <br /> "Leased Property" means the Site and all improvements on the Site, including <br /> Grady Brown. <br /> All references to articles or sections are references to articles or sections of this <br /> Lease, unless the context clearly indicates otherwise. <br /> ARTICLE II <br /> REPRESENTATIONS, COVENANTS AND WARRANTIES <br /> The County and the School Board each represents, covenants and warrants for the <br /> other's benefit as follows: <br /> (a) Neither the execution and delivery of this Lease, nor the fulfillment of or <br /> compliance with its terms and conditions, nor the consummation of the transactions <br /> 2 <br />