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action is required to maintain the exclusion from gross income for federal income tax purposes of interest with respect to the Bonds, the Trustee, the Authority and the City may conclusively rely on such opinion in complying with the requirements of this Section, and, notwithstanding Article VII hereof, the covenants hereunder shall be deemed to be modified to that extent. (j) The provisions of this Section shall not apply to any Series of Bonds which the Authority shall certify to the Trustee is not intended to comply with the requirements of the Code necessary to make interest on such Series of Bonds excludable from gross income for federal income tax purposes. SECTION 6.05. Use of Net Proceeds. The Authority shall cause the City to, within fifteen (15) days of the receipt of any Net Proceeds, instruct the Trustee, through a Written Request of the City, as to what portion, if any, of such proceeds is to be used to redeem Bonds pursuant to Section 2.03. SECTION 6.06. Accounting Records and Reports. The Authority will keep or cause to be kept proper books of record and accounts in which complete and correct entries shall be made of all transactions relating to the receipts, disbursements, allocation and application of the Revenues, and such books shall be available for inspection by the Trustee or by the Bond Insurer, at reasonable hours and under reasonable conditions. Not more than four months after the close of each Authority Fiscal Year, the Authority shall furnish or cause to be furnished to the Trustee and the Bond Insurer a complete financial statement covering receipts, disbursements, allocation and application of Revenues for such Authority Fiscal Year, and including a profit and loss statement and balance sheet. The Authority shall also keep or cause to be kept such other information as is required under the Tax Certificate. SECTION 6.07. The Citv's Budgets. The Authority will supply to the Trustee, as soon as practicable after the beginning of each City Fiscal Year but in no event later than December 31 in each City Fiscal Year, a Certificate of the City certifying that the City has made adequate provision in its annual budget for such City Fiscal Year for the payment of all rentals due under the Lease in such City Fiscal Year. If the amounts so budgeted are not adequate for the payment of all rentals due under the Lease in such City Fiscal Year, the Authority will take such action as may be necessary and within its power to cause such annual budget to be amended, corrected or augmented so as to include therein the amounts required to be paid by the City in such City Fiscal Year for the payment of all rentals due under the Lease in such City Fiscal Year, and will notify the Trustee of the proceedings then taken or proposed to be taken by the Authority. SECTION 6.08. Lease and Other Documents. The Authority will at all times maintain and vigorously enforce all of its rights under the Lease and the Ground Lease, and will promptly collect all rents and charges due for the use of the Leased Property as the same become due under the Lease, and will promptly and vigorously enforce its rights against any tenant or other person who does not pay such rents or charges LA1-63221.5 43