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Name of Recipient Agreement No.: XX-XXX-550 Project No.: C-06-XXXX-XXX annual gross revenues and expenses (e.g., a contract for general management services for the first year of the operations). If the compensation terms of a management or service contract are materially revised, the requirements for compensation terms must be retested as of the date of the material revision and the management or service contract is treated as one that was newly entered into as of the date of the material revision. A renewal option, for purposes of the foregoing, is defined to mean a provision under which the service provider has a legally enforceable right to renew the contract. Thus, for example, a provision under which a contract is automatically renewed for one (1) year periods absent cancellation by either party is not a renewal option, even if it iexpected to be renewed. A cancellation penalty is defined to include a limitation'on the Recipient's ability to compete with the service provider, a requirement that the Recipient purchase equipment, goods, or services from the service provider, and a requirement that the.Recipienfpay liquidated damages for cancellation of the contract; in comparison, arequirement effective on cancellation that the Recipient reimburse the service provider for ordinary and necessary'expenses or a restriction against the Recipient hiring key personnel ofthe service provider is"generally not a contract termination penalty. Another contract between,the service provider and the Recipient, such as a loan or guarantee by the service provider, is'treated as creating a contracttermination penalty if that contract contains terms that are not customary'or arm's.length, or that could operate to prevent the Recipient from terminating the contract(e g.,,provisions under which the contract terminates if the management'contract is terminated°or that places substantial restrictions on the selection of a substitute service'provider).``. ". N The service provider must not.haye any role'or relationship with the Recipient, that, in effect, substantially limits the Recipients ability to exercise its rights, including'cancellation rights, under the contract, based on all the facts and circ(mstances., N, f 4.13 No Disposition of Financed Property. N 'f L ' \. The Recipient°does mot expect,to sell or otherwise disposeL\of any portion of the Project, in whole or in part, priorto the-final maturity date of the Obligation: 4.14 UsefulLife of ProjectA, N v ` "� The economic useful life of the Project, commencing at Project Completion, is at least equal to the term of this Agreement'as`set forth on Exhibit B hereto: 4.15 Installment Payments. 1 Installment Payments generally are,expected to be derived from assessments, taxes, fees, charges or other current revenues of the.Recipient in each year, and such current revenues are expected to equal or exceed the Installment Payments during each payment period. Any amounts accumulated in a sinking fund or bona fide debt service fund to pay Installment Payments (whether or not deposited to a fund or account established by the Recipient) will be disbursed to pay Installment Payments within thirteen months of the initial date of accumulation or deposit. Any such fund used for the payment of Installment Payments will be depleted once a year except for a reasonable carryover amount not exceeding earnings on such fund or one-twelfth of the Installment Payments in either case for the immediately preceding year. 19 Pmucros