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(f) While the Note remains outstanding, no portion of the proceeds of the <br />Note will be used to provide any airplane, skybox or other private luxury box, any facility <br />primarily used for gambling, or a store, the principal business olfwhich 'is the sale of alcoholic <br />beverages for consumption off premises. <br />(g) Any Issuance Expenses financed by the Note shall not exceed two, percent <br />(2%) of the aggregate amount actually advanced on the Note., <br />(h) The Borrower agrees it will not use the proceeds of the Note in such a <br />manner as to cause the Note to be an "arbitrage bond"' within the meaning of Section 148, of the <br />Code and applicable Treasury Regulations. The Borrower shall: <br />(i) maintain records identifying all tiligross proceeds "" and "replacement <br />proceeds" as defined in Section 148(f)(16)(B) of the Code attributable to the Note, the <br />yield at which such gross proceeds are invested, any, arbitragle profit derived therefrom <br />(earnings in excess of the yield on the Note) and any earnings derived fr'om, the <br />4 <br />investment of such arbitrage profit-, <br />(iii) make, or cause to be made as ofthile end of each fifth 'blond year, <br />the annual determinations of the amount, if any, of excess, arbitrage required to, be paid to <br />the United States the "Rebate Amount")4, <br />iii pay, or cause to be paid, to the United States at least once every <br />41 <br />fifth bond year the amount, if any, which i s required to be paid to the United States, <br />V <br />including the last installment which shall be made no later than 1610 days after the day on <br />which the Note are paid in full; <br />(I'v) not invest, or permit to be invested, "gross proceeds' "'" of the Note *111 <br />any acquired nonpurpose obligations so as to deflect arbitrage otherwise payable to the <br />United States as a "prohibited payment" to a third party, and <br />(v) retain all records of the annual determination of the foregoing <br />amounts until six (6) years after the Note have been fully paid. <br />Notwithstmiding the foregoing, because all Note proceeds, shall be disbursed and <br />used for Project costs on the Closing Date the Borrower shall not be required to <br />comply with subsections (ii) and (iii) above unless gross proceeds and <br />replacement proceeds arise with respect to the Note at a subsequent tim-le. <br />(1) The Borrower has not leased, sold, assigned, granted or conveyed and will <br />not lease, sell, assign, grant or convey all or any portion of the ProJect or anY ,interest therein to <br />the United States or any agency or instrumentality thereof within the meaning of Section 149(b) <br />of the Code. <br />0) In addition to the Note, no other obligations have been or will be 'issued <br />under Section 103 of the. Code which are sold at substantially the same time as the Note pursuant <br />to a common plan of marketing and at substantially the same rate of interest as the Note and <br />which are payable in whole or part by the Borrower or otherwise have with the Note any <br />2144 817v 1 13 <br />