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Certificates and any Additional Certificates. See "SUMMARY OF THE INDENTURE - Additional Certificates" in Appendix B hereto. Because the Series 2004 Certificates and the Series 2003 Certificates are secured on a parity basis with each other, upon an Event of Default or the failure of the City to appropriate amounts sufficient to pay the entire amount of Base Rentals to be distributed with respect to both the Series 2003 Certificates and the Series 2004 Certificates, the City's right of possession and use of all the Leased Property will expire or be terminated, as appropriate. Limited Obligations Under the Lease, the City has agreed to pay rental payments (the "Base Rentals"), consisting of a principal component (the "Principal Component") and an interest component (the "Interest Component"), but only if and to the extent that the City Council of the City annually appropriates sufficient money to pay the Base Rentals coming due during each succeeding Renewal Term. The Certificates represent undivided, proportionate interests in the Base Rentals. Neither the Certificates, the Lease nor any payments required under the Lease will constitute a mandatory payment obligation of the City in any year beyond the year during which the City is a lessee under the Lease, or constitute or give rise to a general obligation or other indebtedness of the City. The City is not legally obligated to budget or appropriate money for any fiscal year beyond the current fiscal year or any subsequent fiscal year in which the Lease is in effect, and there can be no assurance that the City will appropriate funds to make Base Rentals or renew the Lease after any Renewal Term. The City may terminate its obligations under the Lease on an annual basis. The City will have the option to purchase the Trustee's interest in the Leased Property at the times and upon the conditions described under "SUMMARY OF TItE LEASE -- Option to Purchase the Trustee's Interest in the Leased Property" in Appendix C hereto. Neither the Certificates nor the Lease will constitute a debt or liability of the City or of the State of Missouri or any political subdivision thereof, nor will they constitute an indebtedness within the meaning of any constitutional, statutory or charter debt limitation or restriction. The execution and delivery of the Lease will not obligate the City to levy any form of taxation for the payments required thereunder or to make any appropriation for such payments in any fiscal year subsequent to a fiscal year in which the Lease is in effect. Certificate Insurance Concurrently with the delivery of the Series 2004 Certificates, Ambac Assurance Corporation (the "Certificate Insurer") will issue its financial guaranty insurance policy for the Series 2004 Certificates (the "Certificate Insurance Policy"). The Certificate Insurance Policy guarantees the scheduled payment of principal of and interest on the Series 2004 Certificates when due as set forth in the form of the Certificate Insurance Policy included as Appendix E to this Official Statement. See the sections herein captioned "CERTIFICATE INSURANCE" and "SECURITY FOR THE CERTIFICATES - The Certificate Insurance Policy." Risk Factors Payment of the Principal Components and Interest Components represented by the Series 2004 Certificates is subject to certain risks. See the caption "RISK FACTORS AND INVESTMENT CONSIDERATIONS" herein. Continuing Disclosure Information The City has covenanted in an Amended and Restated Continuing Disclosure Agreement (the "Continuing Disclosure Agreement") to provide certain financial information and notices of material events -3-