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The Facility Lease Agreement. Parking Property Lease Agreement entered into as of November 17, 2005, by and between the Dodgers and the City, together with Parking Property Letter from the Dodgers (Mr. Craig Callan) to City (Mayor Mary Beth McDonald) dated November 17, 2005 (collectively, the "Parking Property Lease") . Section 3 . 02 Disposition of Governing Documents. In accordance with the intentions of the parties as expressed in the Recitals set forth above, the parties hereby agree that each of the Governing Documents shall be handled in the following manner, effective as of the New Expiration Date or such earlier date as the Facility Lease Agreement is terminated as provided above: (a) Capital Reserve Account Agreement. Upon the termination of the Facility Lease Agreement, the County shall notify the Capital Reserve Account Agent (as defined in the Capital Reserve Account Agreement) of said termination, and, pursuant to Section 3 (b) of the Capital Reserve Account Agreement, shall instruct the Capital Reserve Account Agent to disburse to the County all funds then on deposit in the Capital Reserve Account, including any investment earnings thereon. Notwithstanding the immediately preceding sentence and the County' s right hereunder to take the actions described in Section 3(b) of the Capital Reserve Account Agreement, nothing contained in this Third Amendment shall be deemed to constitute a default by Dodgers under the Facility Lease Agreement. In accordance with Section 12 of the Capital Reserve Account Agreement, the Capital Reserve Account Agreement shall terminate upon disbursement of all funds in the Capital Reserve Account . (b) Collateral Development Agreement. Because the Collateral Development Agreement constitutes covenants running with the land, the County shall automatically and without further instrument succeed to the interest of the Dodgers in and to the Collateral Development Agreement. (c) Declaration of Covenants Conditions and Restrictions. Because the Declaration of Covenants, Conditions, and Restrictions constitutes covenants running with the land, the County shall automatically and without further instrument succeed to the interest of the Dodgers in and to the Declaration of Covenants, Conditions, and Restrictions. (d) Development Agreement. Other than any remaining Warranty Obligations (as defined in the Development Agreement) (if any), the parties acknowledge that Final Completion of the Development Agreement has previously occurred, and, therefore, that the term of the Development Agreement has previously expired. (e) Facility Lease Agreement. Except as otherwise expressly set forth in the Facility Lease Agreement and this Third Amendment, the Facility Lease Agreement will be of no further force or effect. (f) Parking Property Lease. As provided in Section 13 .02 of the Parking Property Lease and the County's Joinder thereto, if the Facility Lease Agreement expires or is terminated, the County shall assume all of the rights and obligations of Dodgers under the Parking Property Page 8 of 15