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its annual budgets and to make the necessary annual <br />appropriations for all such rental payments. The City will <br />furnish to the Corporation and the Trustee copies of each <br />annual budget of the City within thirty (30) days after the <br />adoption thereof, which date is anticipated to be July 15 of <br />each year. The covenants on the part of the City herein <br />contained shall be deemed to be and shall be construed to be <br />duties imposed by law and it shall be the duty of each and <br />every public official of the City to take such action and do <br />such things as are required by law in the performance of the <br />official duty of such officials to enable the City to carry <br />out and perform the covenants and agreements in this Lease <br />agreed to be carried out and performed by the City. <br /> <br /> All rental payments received shall be applied first <br />to the interest components of the Base Rental due hereunder, <br />then to the principal components of the Base Rental due <br />hereunder and thereafter to all Additional Rental due <br />hereunder, but no such application of any payments which are <br />less than the total rental due and owing shall be deemed a <br />waiver of any default hereunder. <br /> <br /> Rental is subject to abatement as provided in <br />Section 20. <br /> <br /> Nothing contained in this Lease shall prevent the <br />City from making from time to time contributions or advances <br />to the Corporation for any purpose now or hereafter authorized <br />by law, including the making of repairs to, or the restoration <br />of, Capital Projects I and II in the event of damage to or the <br />destruction of Capital Projects I and II. <br /> <br /> Section 4. Use of Proceeds; Lease Fund; Certificate <br />Reserve Fund; Insurance Reserve Fund; Investments; Tax <br />Covenants. <br /> <br /> (a) Use of Proceeds. The parties hereto agree that <br />the proceeds of the Certificates will be used to finance the <br />acquisition, design, construction and financing of Capital <br />Projects I and II, to establish the Lease Fund, the <br />Certificate Reserve Fund and the Insurance Reserve Fund <br />hereinafter referred to and the Trust Administration Fund <br />referred to in the Trust Agreement and to pay the costs of <br />issuing the Certificates and incidental and related expenses. <br /> <br /> (b) Lease Fund. In consideration for the <br />agreements and covenants of the City herein, the Corporation <br />agrees to pay to the City upon the sale and delivery of the <br />Certificates a sum (which shall include the amount of accrued <br />interest received by the Trustee upon the sale of the <br />Certificates) equal to the Base Rental payments due from the <br /> <br /> F-9 <br />1456S <br /> <br /> <br />