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M <br /> WHEREAS, the Property is located within an area <br /> exposed to aircraft noise and will be subject to day-night <br /> average sound levels ("Ldn") as delineated by the 1990 Noise <br /> Contour Map of the Keahole Airport Master Plan and all <br /> applicable assumptions regarding the future operations of <br /> Keahole Airport underlying such map, attached hereto as Exhibit <br /> "B" and by reference incorporated herein (hereinafter '1990 <br /> Noise Contour Map") ; and <br /> WHEREAS, portions of the Property, as described as <br /> Easement 1, Easement 2 and Easement 3 in Exhibit "C" attached <br /> hereto and by reference incorporated herein (hereinafter <br /> "Easement Premises"), lie within the area subject to noise <br /> levels greater than 55 Ldn as delineated on the 1990 Noise <br /> Contour Map; and <br /> WHEREAS, Grantor will develop the Property for urban <br /> uses, which development could potentially subject users of the <br /> Property within the Easement Premises to adverse noise impacts <br /> as a result of existing and future use and operations of the <br /> Keahole Airport; and <br /> WHEREAS, Grantor will develop the hotel, condominium <br /> and single-family residential units located within the Easement <br /> Premises by incorporating sound attenuation measures as will <br /> provide for interior noise levels of 45 Ldn within the TV and <br /> sleeping rooms based on exterior noise levels delineated by the <br /> 1990 Noise Contour Map; and <br /> WHEREAS, pursuant to certain conditions as stated in <br /> State Land Use Commission Decision and Order for Docket No. <br /> -2- <br />