Section 6. 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 C hereto, the anticipated
net revenues from the Auxiliary Services Fee pledged above
will be sufficient to pay the Auxiliary Services Current
Expenses, the principal of, premium, if any, and interest on
that portion of the Bonds issued to finance the Student
Activity Building Project as the same become due, and debt
service on any outstanding obligations issued to provide
funds for auxiliary enterprise facilities supported by the
Auxiliary Services Fee, so long as (i) the effective true
interest cost on the Bonds does not exceed 9.5% per annum,
and (ii) the aggregate amount of debt service actually payable
on that portion of the Bonds issued to finance the
Student Activity Building 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 C, 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 5 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 C.
