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payments thereunder will continue through the Renewal Term then in effect, but not thereafter; (2) the Principal Component of Base Rentals that have been appropriated but are then unpaid by the City for the City's then current fiscal year may be declared immediately due and payable; and (3) the Certificates will be payable front, among other sources, such money as may be available by way of recovery from the City of the Base Rentals that are due through the Renewal Term then in effect. If the Lease expires at the end of a Renewal Term without any extension for the next succeeding Renewal Term or if an event occurs as described above pursuant to which the Trustee terminates the City's right of possession of the Leased Property under the Lease, the Trustee may recover possession of the Leased Property and assign the Base Lease and its rights thereunder or sublease the Leased Property pursuant to its rights under the Base Lease. The net proceeds of any assignment of the Base Lease or sublease of the Trustee's interest in the Leased Property, together with certain other money then held by the Trustee under the Indenture, are required to be used to pay the Certificates to the extent of such money. Due to the nature of the Leased Property, no assurance can be given that the Trustee could assign the Base Lease and its rights thereunder or sublease the Leased Property for the amount necessary (after taking into account money legally available from other sources) to pay in full the Principal Components and Interest Components of Base Rentals then due with respect to the Certificates. Furthermore, no assurance can be given that the amount, if any, realized upon any assignment or sublease of the Trustee's interest in the Leased Property will be available to provide for the payment of the Certificates on a timely basis. If the City fails to budget and appropriate funds sufficient to make Rental Payments when due, the Certificate Insurer has insured the payment of the principal of and interest on the Certificates when due pursuant to the terms of the Certificate Insurance Policy. See the section herein captioned "CERTIFICATE INSURANCE" and the form of the Certificate Insurance Policy included as Appendix E to this Official Statement. Delays in Exercising Remedies A temfination of the Lease will give the Trustee the right to possession and use of the Leased Property, and the right to assign the Base Lease and its rights thereunder or to sublease the Leased Property, all in accordance with the provisions of the Base Lease, the Lease and the Indenture. However, the enforceability of the Lease and the Indenture is subject to applicable bankruptcy laws, equitable principles affecting the enforcement of creditors' rights generally and liens securing such rights, the exercise of judicial authority by State of Missouri or federal courts and the exercise by the United States of America of the powers delegated to it by the U.S. Constitution. Any delays in the ability of the Trustee to obtain possession of the Leased Property will, of necessity, result in delays in any payment of Principal Components and Interest Components of Base Rentals represented by the Certificates. Destruction of the Leased Property The Lease requires the Leased Property to be insured as described in "SUMMARY OF THE LEASE -- Property and Casualty Insurance" and "-- Public Liability Insurance" in Appendix C hereto. If the Leased Property is damaged or destroyed, the City is nevertheless required to continue to make Payments under the Lease, subject to the exercise of its option to extend the term of the Lease for each next succeeding Renewal Term and to the application of Net Proceeds from insurance and certain other sources to repair, restore, modify, improve or replace the affected portion of the Leased Property. If the Net Proceeds from insurance and such other sources are sufficient to repair, restore, modify, improve or replace the affected portion of the Leased Property, such proceeds are to be so applied. If the Net Proceeds are insufficient for such purpose, (1) the City is obligated to conm~ence and thereafter complete the work and pay any cost in excess of such net proceeds, but only from Supplemental Rent, in order for the affected portion of the Leased -12-