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Lessee covenants that its Budget Officer will present as part of <br />the annual budget of Lessee each Fiscal Year of the Lease term, a <br />budget item in an amount sufficient to pay the rental payments <br />for that Fiscal Year. Lessee hereby acknowledges that the use of <br />the Equipment is essential to its proper, efficient and economic <br />operation. Lessee's taxing power is not and will not be pledged <br />to make payments of Rent. <br />(S) TITLE TO THE EQUIPMENT: Title to the Equipment shall <br />vest in Lessee on the Lease Commencement Date. Title to all <br />additions, repairs, replacements, substitutions and modifications <br />to the Equipment shall be in Lessee. <br />Should there occur a default by Lessee and should Lessor <br />thereupon elect to repossess and sell the Equipment, title to the <br />Equipment and to all additions, repairs, replacements, <br />substitutions and modifications thereto except for those <br />modifications made by Lessee that can be removed without damaging <br />the Equipment or diminishing the value of the Equipment, shall <br />pass to Lessor at the time of that repossession. <br />Should Lessee elect to terminate this Agreement at the end <br />of a Fiscal Year in accordance with the terms of this Agreement, <br />title to the Equipment, to all additions, repairs, replacements, <br />substitutions and modifications thereto, except for those <br />modifications made by Lessee that can be removed without damaging <br />the Equipment or diminishing the value of the Equipment, and to <br />all proceeds of the foregoing, including any net insurance <br />proceeds (The amount of money remaining, after all collection <br />expenses are deducted, from the gross proceeds of any insurance <br />3 <br />