R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS

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Any amounts held by the Assignee, after payment in full of the principal �I installments of and interest on the Bonds (or provision for payment thereof as provided in this Bond Resolution) and the charges and expenses of the Bond Registrar and Paying Agent, shall be paid to the Company upon the expiration or sooner termination of the term '�, of the Loan Agreement. Section 8. Assi nment. As security for the due and punctual payment of the I� principal installments of and interest on the Bonds hereby authorized, the Issuer hereby assigns and pledges to the Assignee, the Loan Agreement, the Note, the Mortgage and the Assignment of Rents and Leases, including all receipts derived by the Issuer pursuant to the Loan Agreement, the Mortgage, the Assignment of Rents and Leases and the Note (except any payment made pursuant to Sections 2.3, 3.4, 6.4, 8.2, 8.3, 8.5, 8.6 and 8.7 of the Loan Agreement relating to reimbursement or indemnification of the Issuer by the Company) and all rights and remedies of the Issuer under the Loan Agreement, the Note, the Mortgage and the Assignment of Rents and Leases to enforce payment thereof, including a mortgage and security interest in the Project and evidence of such assignment, � pledge and of the agreement of the Assignee to accept its responsibilities with respect to the moneys to be applied to the payment of the Bonds, the Mayor is hereby authorized to execute for and on behalf of the Issuer, and the Mayor and City Clerk are authorized and directed to cause the Assignment to be executed by the Assignee, with the Assignment to be in substantially the form which has been presented to and is hereby approved by the City Council of the Issuer. Section 9. Investments; Arbitra�e. Any moneys held as part of the Project Fund created pursuant to Section 5 hereof or held by the Assignee for application to payment of the Bonds, may be invested or reinvested on the direction of the Company, in accordance with the provisions of the Loan Agreement and this Bond Resolution. Any such investment shall be held by or under control of the Assignee or Bond Registrar and shall be deemed at all times a part of the account from which such investment was made and the interest accruing thereon and any profit realized from such investments shall be credited to such account, and any loss resulting from such investments shall be charged to such account, which loss shall be an obligation of the Company as provided in the Loan Agreement. As and when any amount invested pursuant to this Section may be needed for disbursement, the Company may direct the Assignee to cause a sufficient amount of the investments to be sold and reduced to cash to the credit of such accounts regardless of the loss on such liquidation which loss shall be the obligation of the Company to restore to the affected fund as described in the Loan Agreement. With respect to Section 148 of the Code, the Company has made certain �'� certifications and representations to the Issuer in Sections 2.2 and 2.3 of the Loan , Agreement, which certifications and representations by this reference are incorporated herein and made a part hereof. The Issuer agrees to comply with all provisions of the Code which, if not complied with by the Issuer, would cause the Bonds not to be tax- exempt. The City Council of the Issuer, acting in reliance upon such certifications and 11