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Trustee of the incurrence of more than $150,000 in the aggregate of Short-Term <br /> Indebtedness. <br /> Interim Indebtedness. With the consent of a Majority of Holders,the Borrower may <br /> incur Interim Indebtedness by borrowing money on an interim basis to provide temporary <br /> financing of Improvements for which the City shall have previously agreed to provide <br /> permanent financing by the issuance of Additional Bonds therefor or for which other lenders <br /> shall have previously agreed to provide permanent financing, but only after the right of the <br /> City to issue Additional Bonds has been established pursuant to the Indenture or the right of <br /> the Borrower to enter into the permanent financing has been established in accordance with <br /> Section 6.17 of the Loan Agreement. No property or assets of the Borrower may secure <br /> Interim Indebtedness. <br /> Additional Senior Indebtedness. After the Date of Issuance of the Series 2001 Bonds., <br /> and,unless waived by a Majority of Holders,so long as no Event of Default has occurred and <br /> is continuing, the Borrower may incur Senior Indebtedness only for the purpose of: (i) <br /> refunding Outstanding Bonds, (ii) refinancing outstanding Senior Indebtedness, (iii) <br /> financing or refinancing the design, acquisition, construction, development and equipping <br /> of Improvements,or(iv)financing or refinancing the design,construction and equipping of <br /> Improvements. The Borrower may incur Senior Indebtedness in amounts which are <br /> sufficient, in addition to paying the cost of accomplishing the purpose for which the Senior <br /> Indebtedness was incurred, to pay the costs of the Borrower in incurring such Senior <br /> Indebtedness,to fund a reserve fund for the payment of such Senior Indebtedness(or related <br /> Bonds)and to fund interest payable on such Senior Indebtedness for a period of time not to <br /> exceed six months beyond the completion of construction of any Improvements, but only <br /> upon complying with the following requirements: <br /> (a) Before incurring or otherwise becoming liable in respect of any Senior <br /> Indebtedness, the Borrower shall furnish the Trustee: <br /> (i) a Certificate of an Authorized Borrower Representative which <br /> shall: (A) state the general purpose for which such Senior Indebtedness is to <br /> be incurred; (B) describe the Improvements to be financed or refinanced <br /> thereby or the Outstanding Bonds to be refunded thereby or the outstanding <br /> Senior Indebtedness to be refinanced thereby, as the case may be; (C) state <br /> the principal amount of Senior Indebtedness to be incurred,the maturity date <br /> or dates thereof and the interest rate or rates with respect thereto; and (D) <br /> state that the proposed Senior Indebtedness, together with any other funds <br /> available to and committed or reserved by the Borrower for use in connection <br /> with such financing, refinancing or refunding, which other funds shall be <br /> identified as to amount and source, is not less than the amount required to <br /> acquire and construct the Improvements and to place the same in service, to <br /> refund the Outstanding Bonds to be refunded or to refinance the outstanding <br /> Senior Indebtedness, as the case may be, and to pay all fees, expenses and <br /> financing costs,including required reserves and funded interest,in connection <br />