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Section 10. T.imitation of Obligations. (a) The Bank hereby acknowledges that the Note and the Cityts obligations hereunder are payable solely from the Net Proceeds (as hereinafter defined) generated by the Plan (as hereinafter defined) for the Area, and deposited in the Account, and from no other revenue or property of the City, it being understood that the Note and the Cityts obligations hereunder are not the general obligations of the City, the County, the State of Missouri or any political sutxtivision thereof, nor of any officer or employee thereof, and it being further understood that the Note is issued in connection with the City~s Olive Boulevard Central Tax Increment Finance District Redevelopment Plan for redevelopment of part of the City through tax increment financing (the "Plan"), as approved in City Ordinance No. approving the Plan. For the purpose of the foregoing, the'Net Proceeds generated by the Plan for the Area and deposited in the Account are those payments in lieu of taxes (as defined in S 99.805(7) and S 99.845, R.S. Mo.) attributable to the increase in the current equalized assessed valuation of all taxable lots, blocks, tracts, and parcels of real property in the Area, less (i) the costs of collection charged by the County; (ii) administrative expenses incurred by the City or the Tax Increment Financing Commission of the City of University City, Missouri ("TIF Commission") in administering the Plan~ and (iii) the net proceeds of payments in lieu of taxes generated by that portion of the Area legally described on Exhibit C hereto which have been pledged to The Boatmen's Bank of St. Louis pursuant to Ordinance No. 5781 (which pledge is superior to the security interest granted hereby for such funds), all of which are as defined in Ordinance No. 5687 enacted by the City Council on November 21, 1988 and by Ordinance No. 5781 enacted December 10, 1990, (collectively the "Area Ordinance") over and above the certified total initial equalized assessed value of such property (as provided for by ~ 99.855, R.S. Mo.) in the Area, and further subject to the annual limitations on the amounts to be deposited in the Account as set forth on Exhibit B hereto (the "Net Proceeds"), all as more particularly set forth in Ordinance No. 5687 and in the Note. (b) Notwithstanding anything else herein to the contrary, if in any year the Area should fail to generate sufficient PILOTs to permit the maximum amount shown on Exhibit B to be deposited into the Account in such year, the shortfall shall be deposited in any later year or years during the term of the Note if in such later year or years the Area should generate more than enough PILOTs to make the maximum deposit into the Account for such STL-68576 - 4 -