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 pledged above will be sufficient to pay
the Student Health Current Expenses, the principal of, premium,
if any, and interest on that portion of the Bonds issued to
finance the Student Health Project as the same become due, and
debt service on any outstanding obligations which are secured by
the Fees pledged in Section 3 above, 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 in
any bond year and all previous bond years on that portion of the
Bonds issued to finance the Student Health Project does not
exceed the estimated aggregate amount of debt service for the
corresponding years as shown on Exhibit B, unless 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 bond year(s) exceeds the estimated amount shown on
Exhibit B.
