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promotional opportunities, direct and indirect tax revenues, and the enhancement of the <br />community's image; and <br />E. WHEREAS, because of the aforementioned benefits to the community, the <br />County purchased the Facility in 2000, and has and will incur the debt service designed to <br />accommodate the baseball spring training and other associated Facility uses; and <br />F. WHEREAS, in recognition of the commitment made by the County and the <br />community, MiLB desires to continue to conduct baseball, athletic, conference and associated <br />operations, including potentially spring training operations, at the Facility during the Term of this <br />Agreement and to operate, maintain, and manage the Facility in accordance with the terms <br />hereof: and <br />G. WHEREAS, MiLB desires to use and manage the Facility under the terms and <br />conditions specified herein. <br />COVENANTS <br />NOW THEREFORE, in consideration of the foregoing Recitals (which are hereby <br />incorporated into this Agreement) and the mutual promises and covenants set forth below, IT IS <br />AGREED AS FOLLOWS: <br />ARTICLE I <br />DEFINITIONS/EXHIBITS <br />Section 1.01. Exhibits. True and correct copies of all of the exhibits referenced in this <br />Agreement shall be initialed by the parties and attached to this Agreement, and such exhibits <br />shall thereafter be incorporated into this Agreement by this reference. <br />Section 1.02 Definitions. The following terms shall have the following meanings: <br />(a) Agreement means this Facility Lease Agreement between MiLB and the <br />County, and all of the attached exhibits. <br />(b) Capital Reserve Account means the repair and replacement account as <br />defined in Section 8.01, below. <br />(c) Capital Reserve Account Agent means the Clerk of the Circuit Court for <br />Indian River County, Florida, or a bank or trust company identified as such in the Capital <br />Reserve Account Agreement. <br />Page 2 of 29 <br />