Authorozong Revenue Bonds Char-King Inc

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with the holders from tine to time of the Series 1978 Bond that it will not issue any additional bonds or incur any obligations of any sort secured by a lien prior to or on a parity with the lien of the Series 1978 Bond, except as expressly permitted under the provisions of the Indenture. Section 11. The maintenance and repair costs of the Project, all taxes in connection therewith and other charges, all as specified in the Original Loan Agreement, as supplemented and amended by the First Supplemental Loan Agreement (the Original Loan Agreement as supplemented and amended by the First Supple - mental Loan Agreement in hereinafter referred to as the "Loan Agreement ") will be assumed and paid by the Company under the Loan Agreement and, accordingly, the Issuer has no obligation with respect thereto and all such costs, expenses, taxes, fees and charges shall be paid by the Company, as provided in the Loan_ Agreement. Section 12. It is hereby found, determined and declared by the Issuer that the amounts payable under the Loan Agreement are the amounts necessary in each year to pay the principal of and interest on the Series 1978 Bond and that the payments and other monetary obligations undertaken by the Company in the Loan Agreement are sufficient to satisfy monetary obligations required by the Act to be undertaken by the Company in the Project. The Loan Agreement, provides that the Company shall operate and maintain the Project and carry all proper insurance with respect thereto. Section 13. The Series 1978 Bond shall be limited a obligation of the Issuer, and, except to the extent payable from the Series 1978 Bond proceeds or the investment thereof, the principal of and interest on which shall be payable solely from the sources specified in, and be secured as provided by, the Indenture. The Series 1978 Bond and the interest thereon shall not be deemed to evidence a debt of the Issuer or a loan or credit -8-