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and 99.855 of the TIF Act) of each such unit of property and as paid to the City Treasurer by the St. Louis County Collector of Revenue during the term of this Note; and, subject to annual appropriation, fifty percent (50%) of the total additional revenues from taxes which are imposed by the City or other taxing district (as that term is defined in section 99.805(12) of the TIF Act) and which are generated by economic activities within the Area over the amount of such taxes generated by economic activities within the Area in the calendar year 1995 and paid into the Special Allocation Fund, but excluding therefrom any taxes imposed on sales or charges for sleeping rooms paid by transient guests of hotels and motels, licenses, fees or special assessments and personal property taxes, other than payments in lieu of taxes, and less the costs of collection(collectively, the "Net Proceeds"), all in accordance with the Fund Ordinance and the Agreement, and shall be a valid claim of the Registered Owner hereof only against said Net Proceeds and from no other revenue or property of the City, it being understood that this instrument is not a general obligation of the City, St. Louis County, the State of Missouri or any political subdivision thereof, nor of any officer or employee thereof, and it being further understood that this Note shall not be deemed to constitute an indebtedness of the City within the meaning of any constitutional, statutory, or charter provision, limitation, or restriction. The Registered Owner of this Note shall not have the right to compel any exercise of the taxing power of the City, St. Louis County, the State of Missouri or any political subdivision thereof to pay the principal of or interest on this Note. Payment of principal and interest hereunder shall be subject to the following further terms and conditions: (i) If on any Interest Payment Date the Net Proceeds in the Special Allocation Fund are insufficient to pay scheduled principal and accrued interest then due and owing, the amount of the deficiency (the "Annual Deficiency") shall be carried forward as an amount due and owing hereunder. So long as the amount of any Annual Deficiency is carried as a liability on the City's financial records with respect to the Special Allocation Fund, the existence of such Deficiency shall not be deemed an event of default hereunder and shall not be cause for acceleration of this Note; (ii) If on any Interest Payment Date the Net Proceeds in the Special Allocation Fund are in excess of the amount required to pay the accrued interest then due and owing, all such excess Net Proceeds shall be applied by the City as follows: -27 - STL-535046