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IS if that the Net Revenues pursuant to GO above, as adjusted as hereinafter provided, equal at least 1.15 times the largest amount of principal and interest which will mature and become clue in any Fiscal Year thereafter on all obligations, and all Additional Parity Obligations, if any, then outstanding and on the Additional Parity Obligations, with respect to which such certificate is made. (b) If desirable, the Net Revenues for such period may be adjusted by the Consulting Engineers as follows: (i) by adding thereto the Net Revenues of any solid waste disposal system facilities which the Issuer shall have acquired prior to the issuance of the Additional Parity Bonds or which the Issuer shall be acquiring from proceeds of such Additional Parity Bonds, and which has been operating for a part of the Fiscal Year or twelve (12) month period referred to above. (ii) In the event a change has been made in the rate schedule for services from the Facilities prior to the issuance of the proposed Additional Parity Obligations for a part of said Fiscal Year or .twelve (12) month period referred to above, and such change has resulted in an increase in Net Revenues, by adding thereto such amount of additional Net Revenues, which the Consulting Engineer estimated would have been received by the Issuer during said Fiscal Year or twelve (12) month period if such change in such rate schedule had been in effect during the entire Fiscal Year or twelve (12) month period, and in the event a change has been made in the rate schedules for services from said Facilities prior to the issuance of the proposed Additional Parity Obligations for a part of the Fiscal Year or twelve (12) month period referred to above, and such change has resulted in a decrease in Net Revenues, by subtracting therefrom such amount of the Net Revenues which the Consulting Engineer estimates would not have been received by the Issuer during such Fiscal Year or twelve (12) month period referred to above if such change in such rate schedule had been in effect during said entire Fiscal Year or twelve (12) month period. (2) The Net Revenues as estimated by the Consulting Engineers for the first twelve (12) months following completion of the project for which the Additional Parity Bonds are issued shall equal at least 1.25 times the largest amount of principal and interest which will become due in any succeeding Fiscal Year on the Obligations and those proposed to be issued. Each resolution authorizing the issuance of Additional Parity Obligations will recite that all of the covenants herein contained will be applicable to such Additional Parity Obligations. The Issuer shall not be in default in performing any of the covenants and obligations assumed hereunder, and all payments herein required to have been made into the accounts and funds, as provided hereunder, shall have been made to the full extent required. The Additional Parity Obligations shall be dated March 1 or September 1 of the year of issuance thereof, shall bear interest payable semiannually on March 1 and September 1 of each year, and shall mature on September 1 of the year of maturity thereof. S. COMPLETION OF PROJECT. The Issuer will complete the project in an economical and efficient manner and with all practicable dispatch. T. MANAGER OF FACILITIES. The Issuer in operating the Facilities will employ a manager of demonstrated ability and experience and will require all employees who may have possession of moneys derived from operation of the Facilities to be covered by a fidelity bond written by a responsible indemnity company in an amount sufficient to protect the issuer from loss. U. CONNECTIONS WITH FACILITIES. The Issuer will, to the full extent permitted by law, require persons within the limits of the Issuer who can use the services of the Facilities to utilize such services immediately upon availability and to cease the use of all other means and methods similar to the services furnished by the Facilities. V. NO IMPAIRMENT OF CONTRACT. The Issuer has full power and authority to irrevocably pledge the Revenue Sharing Trust Funds, as defined, to the payment of the principal of and interest on the Obligations. The pledge of the Revenue Sharing Trust Funds in the manner provided herein shall not be subject to repeal, modification or impairment by any subsequent act of the Issuer without and unless the Issuer makes immediately available such additional or supplementary funds which shall be sufficient to retire the Obligations and interest thereon in accordance with their terms. 21 r, ,�, ' BC�IK v JAN 181971