Section 4. It is hereby found, determined, and
declared that, based upon responsible engineering and economic
estimates and advice of appropriate officials of the
University as shown on Exhibit B hereto, the anticipated
net revenues received from the fees, rents and payments
pledged above will be sufficient to pay the Sponsors Hall
Current Expenses, the principal of, premium, if any, and
interest on that portion of the Bonds issued to finance the
Sponsors Hall Project as the same become due, and debt service
on any outstanding obligations issued to provide funds for
the Sponsors Hall facility, so long as (i) the effective
true interest cost on the Bonds does not exceed 12% per annum,
and (ii) the aggregate amount of debt service actually payable
on that portion of the Bonds issued to finance the Sponsors
Hall Project from their date of issue to the end of any bond
year does not exceed the estimated aggregate amount of debt
service for the corresponding period as shown on Exhibit B,
or the Vice President for Business and Finance provides the
Governor and the Treasury Board of the Commonwealth of Virginia
with satisfactory evidence that the revenues pledged in Section
3 above will also be sufficient to pay the additional
amount of actual debt service which for any such period exceeds
the estimated amount shown on Exhibit B.
