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-12- <br />reimbursement from tax exempt proceeds of expenditures incurred not more than sixty <br />(60) days prior to the date of such resolution; <br />(xi) Copies of invoices (and proofs of payment of such invoices, if Lessee <br />seeks reimbursement) and bills of sale (if title to Equipment has passed to Lessee), to the <br />extent required by Section 5.01(b) hereof; <br />(xii) Wire instructions for payments to be made to Vendors and Form W-9 <br />from each such Vendor; <br />(xiii) A certified copy of any Surety Bond satisfying the conditions set forth in <br />Section 7.04 hereof, or, at Lessor’s sole discretion, such Surety Bonds may be provided <br />after the Commencement Date, provided however, that no “Disbursement Request” <br />pursuant to the Escrow Agreement shall be authorized by Lessor until such Surety Bonds <br />satisfying the conditions set forth in Section 7.04 have been delivered to Lessor; and <br />(xiv) Such other items reasonably required by Lessor. <br />(b) In addition to satisfaction of the conditions set forth in subsection (a) of this <br />Section 3.04, the performance by Lessor of any of its obligations under the Related Documents <br />shall be subject to: (i) no Material Adverse Change having occurred since the date of this <br />Agreement, (ii) no Event of Default having occurred and then be continuing and (iii) no Event of <br />Non-appropriation having occurred or being threatened with respect to this Agreement. <br />(c) Subject to satisfaction of the foregoing, Lessor will deposit the Acquisition Amount <br />with the Escrow Agent to be held and disbursed pursuant to the Escrow Agreement. <br />ARTICLE IV <br />Section 4.01. Rental Payments. Subject to Section 3.03 of this Agreement, Lessee shall <br />promptly pay Rental Payments, in lawful money of the United States of America, to Lessor on <br />the Rental Payment Dates and in such amounts as provided in the Payment Schedule. If any <br />Rental Payment or other amount payable hereunder is not paid within ten (10) days of its due <br />date, Lessee shall pay an administrative late charge of five percent (5%) of the amount not timely <br />paid or the maximum amount permitted by law, whichever is less. Rental Payments consist of <br />principal and interest components as more fully detailed on the Payment Schedule, the interest <br />on which begins to accrue as of the Commencement Date. <br />Section 4.02. Interest and Principal Components. A portion of each Rental Payment is <br />paid as, and represents payment of, interest, and the balance of each Rental Payment is paid as, <br />and represents payment of, principal as more fully detailed on the Payment Schedule. <br />Section 4.03. Rental Payments to Constitute a Current Expense of Lessee. Lessor and <br />Lessee understand and intend that the obligation of Lessee to pay Rental Payments shall <br />constitute a current expense of Lessee payable from the Enterprise Fund, or other funds that are <br />legally available for that purpose and shall not in any way be construed to be a debt of Lessee in <br />291