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3Lc <br /> (b) The Corporation executes a supplemental indenture setting forth the terms and <br /> conditions for the Additional Bonds; <br /> (c) The Trustee has received a certificate of the Corporation showing: <br /> (i) For the current and each future Fiscal Year and Maximum Annual Debt <br /> Service with respect to all Bonds then Outstanding and Additional Bonds reasonably <br /> expected to be outstanding following the issuance of the Additional Bonds; <br /> (ii) That (A) the Net Revenues for any twelve consecutive calendar months <br /> out of the preceding eighteen calendar months are at least 1.20 times the average annual <br /> Maximum Annual Debt Service for any Fiscal Year thereafter on account of the <br /> outstanding Bonds and(B) the projected Net Revenues for the Fiscal Year following the <br /> completion of any Improvements to be financed from the proceeds of such series of <br /> Additional Bonds are at least 1.20 times the average annual Maximum Annual Debt <br /> Service for any Fiscal Year thereafter on account of the then outstanding Bonds and the <br /> Additional Bonds then to be issued. <br /> (d) The Trustee has received an Opinion of Bond Counsel that concludes,in part,that <br /> the Series of Additional Bonds are valid, legal-and binding obligations of the Corporation in <br /> accordance with their terms and that the issuance of the series of Additional Bonds will not affect <br /> the federal income tax status of interest on outstanding 1993A Bonds. <br /> [End of Article II] <br /> 14 <br />