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Section 3.06. Issuance of Subordinate Debt. The Agency may issue or incur <br />Subordinate Debt in such principal amount as shall be determined by the Agency. Such <br />Subordinate Debt may be payable from any assets or property of the Agency, including Tax <br />Revenues on a subordinate basis to the payment of debt service on the Bonds. <br />Section 3.07. Validity of Bonds. The validity of the authorization and issuance of the <br />Bonds shall not be dependent upon the completion of the Redevelopment Project or upon the <br />performance by any person of his obligation with respect to the Redevelopment Project. <br />24 <br />