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<br />2A4 <br /> <br />development revenue bonds issued under this Indenture, <br />including interest, principal and redemption premium, if <br />any, lass the amount of other ends available for the <br />payment of such bonds, as provided in this Indenture, and <br />(ii) Additional Rent, as therein defined, to cover certain <br />costs and expenses incurred by the Issuer as are not paid <br />out of the pi~ceeds of such bonds (referred to collectively <br />herein as the "Rent"); <br />WHEREAS, the Governing Body has determined that the <br />amount necessary for defraying the cost of ttae.Project and <br />paying costs of the fond issue will require the authoriza- <br />tion and issuance of the Bonds of the Issuer under the Act <br />in the aggregate principal amount of Four Hundred Twen:.~•- <br />Five Thousand Dollars ($425,000); <br />WHEREAS, the Bonds shall be payable solely from revenue <br />derived from the Issuer's ownership, operation, leasing or <br />sale of the Project and the proceeds of the bonds shall be <br />used for the payment of the cost of the Project; <br />WHEREAS, the Issuer and the Company have entered into <br />and have duly executed a Contract (hereinafter referred to <br />as the "Contract") of even date herewith. providing for the <br />execution of this and other documents and agreements <br />necessary or advisable in connection with the issuance of <br />the Bonds and for the issuance of the Bonds; <br />WHEREAS, the Issuer and the Company have entered into <br />and have duly executed a Lease and Agreement (hereinafter <br />referred to as the "Lease") of even date herewith, thereby <br />leasing the Project to the Company under the terms and <br />conditions provided therein; <br />WHEREAS, the Governing Body has found and determined <br />that based ugan reasonable estimates of the revenues to be <br />derived by the Issuer from its ownership, operation, leasing <br />or sale of the Project, such revenues will be adequate to <br />pay the principal, interest and redemption premium, if any, <br />on the industrial development bonds to be issued initially <br />under this Indenture; <br />WHEREAS, the Governing Body has determined that the <br />?~onds initially issued hereunder, the Trustee's Certificate <br />of Authentication, the County Clerk's Certificate of <br />Registration, the State Auditor's Certificate, and the <br />provision for registration to be endorsed on such bonds, <br />shall be, respectively, substantially in the following <br />forms, with such variations, omissions and insertions as are <br />required or permitted by this Indenture: <br />L..,. <br />J <br />l__. <br />