October 15, 2012 - City of Laredo

Section 4.03. Rental Payments to Constitute a Current Expense of Lessee. Lessor and
Lessee understand and intend that the obligation of Lessee to pay Rental Payments shall
constitute a current expense of Lessee payable solely from its general fund or other funds that are
legally available for that purpose and shall not in any way be construed to be a debt of Lessee in
contravention of any applicable constitutional or statutory limitation or requirement concerning
the creation of indebtedness by Lessee, nor shall anything contained herein constitute a pledge of
the general tax revenues, funds or moneys of Lessee.
Section 4.04. Rental Payments to be Unc
the obligations of Lessee to make Rental Payments and to and observe the other
covenants and agreements contained in this Agre
events without abatement, diminution, deduction, set-off
without limitation any failure of the Equipme
infirmities in the Equipment or any accident, cond circumstances, or
failure of any Vendor to deliver any Equipment or
Section 4.05. Reserved.
Section 4.06. Event of Taxability. Upon
Tax-Exempt Interest Component of charge on Rental Payments or
other amounts payable based on th d and be payable at the
Interest Component is
ss income of the owner or
d by law, and Lessee will
the interest component at the
Taxable Rate.
ability" means a determination that the
he gross income of the
to Equipment Costs and
of the Acquisition Period
s an Acceptance Certificate (in the form attached hereto
to all or a portion of the
nths and any remaining
principal balance owing
Section 5.01. Delivery, Installation and Acceptance of Equipment.
(a) Lessee shall order the Equipment, cause the Equipment to be delivered and
installed at the location specified in the Equipment Schedule and pay any and all delivery and
installation costs and other Equipment Costs in connection therewith. When the Equipment has