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200302817 Section 5 Lessee covenants that the rentals payable under this Lease- Purchase Agreement do not exceed any limitation imposed by law. Until the Building Bonds and interest thereon are fully paid, Lessee covenants and agrees to make and continue to make for so long as permitted by law an annual levy on all the taxable property within its geographical area pursuant to Section 85- 1517(2)(a), R.R.S. Neb. 1999, as amended, which will be sufficient, along with any other funds available for the purpose, to enable Lessee to pay all basic and additional rent as and when the same become due, and to take all action required to provide funds to make rental payments as herein required. Lessee hereby covenants and warrants with respect to the capital improvement and bond sinking fund as established under Section 85 -1515, R.R.S. Neb. 1999, that (a) it has no bonds outstanding payable from such fund; (b) that in each budget year it will provide for the purposes and programs described and referred to in Section 85 -1515 (2)(a), (2)(b) and (2)(c), R.A.S. Neb. 1999, in such manner as to leave remaining in each budget year available tax levy monies from the tax levy permitted under Section 85- 1517(2), R.R.S. Neb. 1999, amounts sufficient to pay all amounts due under this Lease - Purchase Agreement (including lease - purchase rentals and all other required payments) as the same fall due; (c) that the Lessee has and will have no other obligations outstanding, bonded or otherwise, for purchasing or purchasing on contract or for constructing or improving facilities during the term of this Lease - Purchase Agreement which would cause the tax levy amounts required to be available for payments due under this Lease - Purchase Agreement to be insufficient to pay all amounts due under this Lease- Purchase Agreement (including lease- purchase rentals and all other required payments) as the same fall due. Section 5.3. Lessee covenants and agrees that throughout the term of this Lease - Purchase Agreement it will observe all budget, tax and spending limitations now or hereafter imposed by law in such a manner that a sufficient portion of its tax levy or other monies shall be lawfully available to pay all rentals due under this Lease- Purchase Agreement. Lessee agrees that commencing with its budget for the fiscal year 2003 -2004 it will include amounts sufficient to pay lease rentals as the same fall due in its annual budget and appropriations. Section 5.4. Lessee covenants and agrees that it shall neither take any action nor omit to take such action which such action or omission would have the affect of causing interest on the Building Bonds to be no longer excludable from gross income under the Internal Revenue Code of 1986, as amended. Section 5.5. In accordance with the requirements of Rule 15e2 -12 (the "Rule ") promulgated by the Securities and Exchange Commission (the "Commission'), the Lessee hereby agrees that it will provide to the Underwriter and any person making request at least annually or in the alternative to any state information depository ( "Sur ") for the State of Nebraska (no such SID currently exists or is presently expected to exist based upon any current pending legislation), the following financial information or operating data regarding Lessee: (1) the information provided under the heading "FINANCIAL. STATEMENT " in Appendix A to the Official Statement for the Building Bonds; (2) any additional financial information and operating data which is customarily prepared by the Lessee, including the most recently prepared audited financial statements, which shall be prepared in accordance with generally accepted accounting principles. The Lessee reserves the right to modify the type of infomtation or the format for any such information provided pursuant to such undertaking, to the extent necessary or appropriate in the judbmucnt of the Lessee, so long as any such modification is consistent with the requirements of the Rule. The Lessee further agrees to provide in a timely manner to the Underwriter, to the Municipal Securities Rule Making Board (the