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(c) Licenses and Permits. All required licenses, permits and approvals required or necessary for the acquisition, construction, improvement and equipping of the Project from any governmental agency as may be necessary for such work. Section 3.4. Enforcement of Contracts and Surety Bonds. The Company agrees that it will, on behalf of the Issuer, comply with the provisions of Section 107.170 of the Revised Statutes of Missouri, as amended, to the extent applicable to the construction of the Project. In the event of a material default of any contractor or subcontractor under any construction contract or any other contract made in connection with the Project, or in the event of a material breach of warranty with respect to any materials, workmanship or performance, the Company is authorized by the Issuer, and will promptly proceed, either separately or in conjunction with others, to enforce any warranties and claims, and to pursue diligently the remedies of the Company against the contractor or subcontractor in default and against any surety on a bond securing the performance of such contract. Any amounts recovered by way of damages, refunds, adjustments or otherwise in connection with the foregoing, after deduction of expenses incurred in such recovery and after reimbursement to the Company of any amounts theretofore paid by the Company and not previously reimbursed to the Company for correcting or remedying of the default which gave rise to the proceedings against the contractor, subcontractor or surety, shall be paid to and retained by the Company. Section 3.5. LIMITATION OF ISSUER'S LIABILITY. ANYTHING CONTAINED IN THIS LEASE AGREEMENT TO THE CONTRARY NOTWITHSTANDING, ANY OBLIGATION THE ISSUER MAY INCUR IN CONNECTION WITH THE UNDERTAKING OF THE PROJECT FOR THE PAYMENT OF MONEY SHALL NOT BE DEEMED TO CONSTITUTE A DEBT OR GENERAL OBLIGATION OF THE ISSUER, THE STATE OR ANY POLITICAL SUBDIVISION THEREOF, BUT SHALL BE PAYABLE SOLELY FROM THE REVENUES AND RECEIPTS DERIVED BY IT FROM THIS LEASE AGREEMENT AND THE LETTER OF CREDIT, INCLUDING PAYMENTS MADE PURSUANT TO THE LETTER OF CREDIT. NO PROVISION IN THIS LEASE AGREEMENT OR ANY OBLIGATION HEREIN IMPOSED UPON THE ISSUER, OR THE BREACH THEREOF, SHALL CONSTITUTE OR GIVE RISE TO OR IMPOSE UPON THE ISSUER, THE STATE OR ANY POLITICAL SUBDIVISION THEREOF A PECUNIARY LIABILITY OR A CHARGE UPON ITS GENERAL CREDIT OR TAXING POWERS. NO OFFICER OR MEMBER OF THE GOVERNING BODY OF THE ISSUER SHALL BE PERSONALLY LIABLE ON THIS LEASE AGREEMENT. Section 3.6. DISCLAIMER OF WARRANTIES. The Company recognizes that since the Project has been or will be acquired, improved and equipped by the Company and by contractors and suppliers selected by the Company, THE ISSUER DOES NOT MAKE ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE MERCHANTABILITY, CONDITION OR WORKMANSHIP OF ANY PART OF THE PROJECT OR ITS SUITABILITY FOR THE PURPOSES OF THE COMPANY OR THE EXTENT TO WHICH PROCEEDS DERIVED FROM THE SALE OF THE BONDS WILL PAY THE COST TO BE INCURRED IN CONNECTION THEREWITH. Section 3.7. Machinery and Equipment Purchased by the Company. Any personal property, including without limitation, furniture, fixtures, machinery or equipment, the entire purchase price of which is paid for by the Company with the Company's own funds, and no part of the purchase price of which is paid from funds deposited pursuant to the terms of the Indenture or this Lease in the Project Fund, or from funds provided by the Issuer pursuant to this Lease, shall NOT constitute Project Equipment, shall be the sole property of the Company and shall be subject to property taxes.