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<br />23 <br />ARTICLE VI. <br />GENERAL COVENANTS <br />Payment of Principal and Interest. The Issuer covenants that it will promptly pay the principal of <br />and interest on every Bond issued under this Indenture at the place, on the dates and in the manner <br />provided herein and in said Bonds according to the true intent and meaning thereof. The principal <br />of and interest on the Bonds are payable solely and only from the Trust Estate (including the TIF <br />Revenues, the IDD Revenues, the Taxpayer Direct Payments and the Loan Payments) which is <br />hereby specifically pledged and assigned to the payment thereof in the manner and to the extent <br />herein specified, and nothing in the Bonds or in this Indenture should be considered as pledging <br />any other funds or assets of the Issuer or the Company. The Bonds, and the interest payable <br />thereon, do not and shall not represent or constitute a debt of the Issuer, the State of Indiana, or <br />any political subdivision or taxing authority thereof within the meaning of the provisions of the <br />constitution or statutes of the State of Indiana or a pledge of the faith and credit of the Issuer, the <br />State of Indiana, or any political subdivision or taxing authority thereof. The Bonds, as to both <br />principal and interest, are not an obligation or liability of the Issuer, the State of Indiana, or of any <br />political subdivision or taxing authority thereof, but are special limited obligations of the Issuer <br />and are payable solely and only from the Trust Estate (which includes the TIF Revenues, the IDD <br />Revenues, the Taxpayer Direct Payments and the Loan Payments) pledged and assigned for their <br />payment in accordance with the Indenture. Neither the faith and credit nor the taxing power of the <br />Issuer, the State of Indiana or any political subdivision or taxing authority thereof is pledged to the <br />payment of the principal of or the interest on the Bonds. The Bonds do not grant the owners or <br />holders thereof any right to have the Issuer, the State of Indiana or its General Assembly, or any <br />political subdivision or taxing authority of the State of Indiana, levy any taxes or appropriate any <br />funds for the payment of the principal of or interest on the Bonds. The Issuer has no taxing power <br />with respect to the Bonds. No covenant or agreement contained in the Bonds, the Loan Agreement <br />or the Indenture shall be deemed to be a covenant or agreement of any member, director, officer, <br />agent, attorney or employee of the Economic Development Commission, the Redevelopment <br />Commission or the Issuer in his or her individual capacity, and no member, director, officer, agent, <br />attorney or employee of the Economic Development Commission, the Redevelopment <br />Commission or the Issuer executing the Bonds shall be liable personally on the Bonds or be subject <br />to any personal liability or accountability by reason of the issuance of the Bonds. <br />Performance of Covenants. The Issuer covenants that it will faithfully perform at all times any <br />and all covenants, undertakings, stipulations and provisions contained in this Indenture, in any and <br />every Bond executed, authenticated and delivered hereunder and in all proceedings of its members <br />pertaining thereto. The Issuer represents that it is duly authorized under the constitution and laws <br />of the State of Indiana to issue the Bonds authorized hereby and to execute this Indenture, pledge <br />the TIF Revenues, the IDD Revenues, the Taxpayer Direct Payments and the Loan Payments in <br />the manner and to the extent herein set forth; that all action on its part for the issuance of the Bonds <br />and the execution and delivery of this Indenture has been duly and effectively taken, and that the <br />Bonds in the hands of the holders and owners thereof are and will be valid and enforceable <br />obligations of the Issuer according to the import thereof. <br />Filing of Indenture and Security Instruments. The Issuer shall cause this Indenture and all <br />supplements thereto as well as such other security instruments, financing statements and all <br />supplements thereto and other instruments as may be required from time to time to be filed in such