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Indenture), to be financed, acquired or constructed or otherwise made subject to the Lease Agreement, by the preparation, execution and delivery of such Additional Bonds, and (iii) make such other revisions to the Lease Agreement as are necessitated by the execution and delivery of such Additional Bonds (provided, however, that such other revisions shall not prejudice the rights of the Owners of Outstanding Bonds as granted them under the terms of the Indenture); and (b) Upon the execution and delivery of such Additional Bonds, the amount on deposit in the Reserve Fund shall be at least equal to the Reserve Requirement, or in a reserve fund established under such Supplemental Indenture taking into account the execution of the Additional Bonds; and MUNICIPAL BOND INSURANCE POLICY [to come if applicable] I:i �1 :4 y_Ty 1 e�7.l The following factors, along with the other information in this Official Statement, should be considered by potential investors in evaluating purchase of the Bonds. However, the following does not purport to be an exhaustive listing of risks and other considerations which may be relevant to an investment in the Bonds. In addition, the order in which the following factors are presented is not intended to reflect the relative importance of any such risks. General Considerations - Security for the Bonds The obligation of the City to make the Lease Payments does not constitute a debt of the City or the State or of any political subdivision thereof within the meaning of any constitutional or statutory debt limit or restriction, and does not constitute an obligation for which the City or the State is obligated to levy or pledge any form of taxation or for which the City or the State has levied or pledged any form of taxation. Although the Lease Agreement does not create a pledge, lien or encumbrance upon the funds of the City, the City is obligated under the Lease Agreement to pay the Lease Payments from any source of legally available funds. The City has covenanted in the Lease Agreement that it will take such action as may be necessary to include all rental payments due under the Lease Agreement in its annual budgets and to make necessary annual appropriations for all such rental payments. The City is currently liable and may become liable on other obligations payable from general revenues, some of which may have a priority over the Lease Payments. The City has the capacity to enter into other obligations which may constitute additional charges against its revenues. To the extent that additional obligations are incurred by the City, the funds available to make Lease Payments may be decreased. In the event the City's revenue sources are less than its total obligations, the City could choose to fund other activities before making Lease Payments and other payments due under the Lease Agreement The City's ability to collect, budget and appropriate various revenues is subject to current and future State laws and constitutional provisions, and it is possible that the -15-