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Area which have been pledged to The Boatmen's Bank of St. Louis pursuant to Ordinance No. 5781 (which proceeds, less the three exceptions set forth in (i), (ii) and (iii) above and further subject to the annual limitations on the amounts to be deposited into the Account as set forth on Exhibit B hereto, are hereinafter referred to as the "Net Proceeds"), all as more particularly set forth in Ordinance No. 5687 and Ordinance No. 5]~3. Notwithstanding anything else herein to the contrary, if in any year the Area should fail to generate sufficient PILOTs to permit the maximum amount set forth 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 this 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 later year, but in no event shall any excess deposit of PILOTs exceed the aggregate amount of any shortfalls from earlier years which have not been deposited into the Account. For the purposes of this Note, the term "Special Allocation Fund" shall mean only those incremental tax revenues generated in the Area and received from the County with respect to the Area. Net Proceeds do not include any amount paid under protest until the protest is withdrawn or resolved against the taxpayer, nor do Net Proceeds include any sum received by the City which is the subject of a suit or other claim communicated to the City, which suit or claim challenges the collection of such sums or their payment to the holder hereof, until the protest, suit or claim is withdrawn or resolved against the taxpayer, at which time such amount will constitute Net Proceeds available for the payment of this Note again even if such resolution is after the date of maturity hereof. On March 1, 1992, and on the same day of each year thereafter (the "Annual Payment Date") the City shall apply the then current balance, if any, in the Account first to any accrued and unpaid interest then due and owing on this Note, and then to any accrued and unpaid principal then due and owing on this Note, and then, if there are any remaining funds in the Account, principal and interest hereof shall be payable in equal annual installments of (i) $20,400.00 each from March 1, 1992 through March 1, 1999, (ii) $56,000.00 each from March 1, 2000 through March 1, 2009, and (iii) $35,723.00 on March 1, 2010 (the "Maturity Date"). Such payments on the Annual Payment Dates shall continue until the earlier to occur of payment in full of this Note or the Maturity Date. Any amount of principal not paid on any Annual Payment Date because insufficient Net Proceeds are on deposit in the Account shall continue to bear interest at the rate set forth herein until paid, to the extent any Net Proceeds are on deposit in the Account on any subsequent Annual Payment Date. STL-68570 - 2 -