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ARTICLE VII. <br /> IMMUNITY <br /> Extent of Covenants of City; No Personal Liability. No recourse shall be had for the <br /> payment of the principal of or interest on any of the Bonds or for any claim based thereon or upon <br /> any obligation, covenant or agreement contained in the Bonds, the Indenture, the Development <br /> Agreement or this Agreement against any past, present or future member, director, officer, agent, <br /> attorney or employee of the City, or any incorporator,member,director, officer, employee, agent, <br /> attorney or trustee of any successor thereto, as such, either directly or through the City or any <br /> successor thereto, under any rule of law or equity, statute or constitution or by the enforcement of <br /> any assessment or penalty or otherwise, and all such liability of any such incorporator, member, <br /> director, officer, employee, agent, attorney or trustee as such is hereby expressly waived and <br /> released as a condition of and consideration for the execution of the Indenture and this Agreement <br /> (and any other agreement entered into by the City with respect thereto) and the issuance of the <br /> Bonds. <br /> Liability of City. Any and all obligations of the City under this Agreement are special, <br /> limited obligations of the City, payable solely out of the TIF Revenues, the IDD Revenues, the <br /> Taxpayer Direct Payments and any Loan Payments made hereunder and as otherwise provided <br /> under the Indenture. The obligations of the City hereunder shall not be deemed to constitute an <br /> indebtedness or an obligation of the City,the State or any political subdivision or taxing authority <br /> thereof within the purview of any constitution limitation or provision, or a pledge of the faith and <br /> credit or a charge against the credit or general taxing powers, if any, of the City, the State or any <br /> political subdivision or taxing authority thereof. <br /> (End of Article VII) <br /> Filed in Clerk's Office <br /> JAN 2 1 2026 <br /> Bianca Tirado <br /> - 16 - City Clerk, South Bend, IN <br />