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Section 6.1 Payment of Principal and Interest; Pledge of Pledged Revenues.

The University covenants that it will promptly pay or cause to be paid from the sources described herein the principal of and the interest on every Note issued under the provisions of this Resolution at the place or places, on the dates and in the manner provided herein and in such Notes, and any premium required for the retirement of such Notes by purchase or redemption, according to the true intent and meaning thereof. Except as otherwise provided in this Resolution, such principal, interest and premium are payable solely from Pledged Revenues, which Pledged Revenues are hereby pledged to the payment thereof and to the payment of any Parity Credit Obligations issued by the University in the future, which may include any interest rate swaps or other hedge mechanisms related to the Notes and any dedicated line of credit, standby bond purchase agreement or other liquidity facility related to the Notes, including any Liquidity Facility.

THE UNIVERSITY SHALL NOT BE OBLIGATED TO PAY THE PRINCIPAL OF OR INTEREST ON THE NOTES EXCEPT FROM THE SOURCES NOTED HEREIN AS PLEDGED THEREFOR. THE NOTES AND THE INTEREST THEREON SHALL NOT BE

DEEMED TO CONSTITUTE A DEBT OR LIABILITY OF THE COMMONWEALTH, LEGAL, MORAL OR OTHERWISE. NEITHER THE COMMONWEALTH NOR THE UNIVERSITY SHALL BE OBLIGATED TO PAY THE PRINCIPAL OF OR INTEREST ON THE NOTES OR OTHER COSTS INCIDENT THERETO EXCEPT FROM THE SOURCES NOTED HEREIN AS PLEDGED THEREFOR, AND NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE COMMONWEALTH ARE PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF OR INTEREST ON THE NOTES OR OTHER COSTS INCIDENT THERETO.