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<br />JAH:djm 12/ð~/89 (RD-00I/#42) <br />JAH:djm 12, 1/89R <br /> <br />31. <br /> <br />No interest shall accrue in relation to any amounts payable <br /> <br />pursuant to this Agreement. <br /> <br />9. <br /> <br />Limitations on Payment. <br /> <br />(a) <br /> <br />The <br /> <br />Agency's <br /> <br />obligation <br /> <br />to <br /> <br />make <br /> <br />payments <br /> <br />under <br /> <br />this Agreement shall be limited to and be paid from Tax Increment <br /> <br />received by the Agency. <br /> <br />The Agency shall be deemed to have fully <br /> <br />discharged its obligations under this Agreement upon paying or <br /> <br />causing the payment of those amounts payable to District under <br /> <br />this <br /> <br />Agreement. <br /> <br />This <br /> <br />Agreement <br /> <br />fully <br /> <br />addresses <br /> <br />any <br /> <br />adverse <br /> <br />fiscal impact of the Project upon the District, and the District <br /> <br />may not hereafter elect to receive pursuant to Health and Safety <br /> <br />Code <br /> <br />Section <br /> <br />33676, <br /> <br />or <br /> <br />otherwise <br /> <br />claim, <br /> <br />any <br /> <br />additional <br /> <br />Tax <br /> <br />Increment from the Total Project Area. <br /> <br />(b) <br /> <br />In <br /> <br />addition, <br /> <br />the <br /> <br />Agency's <br /> <br />obligations <br /> <br />to <br /> <br />make <br /> <br />payments to the District pursuant to this Agreement in any single <br /> <br />year shall not exceed the amount which would have been received <br /> <br />by the District if all the Tax Increment from the Amendment Area <br /> <br />had been allocated to all the affected taxing agencies without <br /> <br />regard to the division of taxes required by Health and Safety <br /> <br />Code Section 33670. <br /> <br />10. <br /> <br />Indebtedness. <br /> <br />The Agency's obligation to make payments <br /> <br />pursuant <br /> <br />to <br /> <br />this <br /> <br />Agreement <br /> <br />is <br /> <br />deemed <br /> <br />to <br /> <br />constitute <br /> <br />an <br /> <br />"indebtedness" <br /> <br />within <br /> <br />the <br /> <br />meaning <br /> <br />of <br /> <br />Health <br /> <br />and <br /> <br />Safety <br /> <br />Code <br /> <br />Sections 33670 and 33675. <br /> <br />11. <br /> <br />Subordination. The <br /> <br />indebtedness <br /> <br />of <br /> <br />the <br /> <br />Agency <br /> <br />under <br /> <br />this Agreement shall not be a first pledge of the Tax Increment <br /> <br />and shall be subordinate to Agency bonds, notes, certificates of <br /> <br />7 <br />