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SUMMARY OF CERTAIN PROVISIONS OF THE ASSIGNMENT AGREEMENT The Assignment Agreement is entered into between the Authority and the Trustee, and in it the Authority assigns and transfers to the Trustee, for the benefit of the Owners, certain of its rights under the Lease, including its right to receive Base Rental payments under the Lease, its right to receive proceeds of condemnation of, and insurance on, the Leased Property, and its right to enforce payment of Base Rental payments when due and to otherwise protect its interests and enforce its rights under the Lease in the event of a default by the City. The Trustee accepts such assignments for the purpose of securing such payments and rights to the Owners subject to the provisions of the Indenture. SUMMARY OF CERTAIN PROVISIONS OF THE INDENTURE Allocation of Revenues The Authority has assigned all of its interest in the payments (including, without limitation, Base Rental payments) under the Lease to the Trustee. Pursuant to the Indenture, the Trustee has established within the Revenue Fund an Interest Account, a Principal Account, a Reserve Account and a Redemption Account. The Trustee will deposit all Revenues in the Revenue Fund and will allocate all Revenues in the Revenue Fund as follows: (a) Interest Account. On or before each Interest Payment Date, the Trustee shall set aside from the Revenue Fund and deposit in the Interest Account that amount of money which, together with any money contained in the Interest Account, is equal to the aggregate amount of interest becoming due and payable on all Outstanding Bonds on such Interest Payment Date, No deposit need be made in the Interest Account if the amount contained in the Interest Account is at least equal to the aggregate amount of interest becoming due and payable on all Outstanding Bonds on such interest payment date. All money in the Interest Account shall be used and withdrawn by the Trustee solely for the purpose of paying the interest on the Bonds as it shall become due and payable(including accrued interest on any Bonds purchased or redeemed prior to maturity). (b) Principal Account. On or before July 1 of each year, beginning on July 1, 2001, the Trustee shall set aside from the Revenue Fund and deposit in the Principal Account an amount of money equal to the aggregate principal amount or Accredited Value of all Outstanding Serial Bonds maturing on such July 1 plus the aggregate amount or Accredited Value of all sinking fund payments required to be made with respect to the Term Bonds on such July 1. No deposit need be made in the Principal Account if the amount contained therein is at least equal to the aggregate amount of the principal or Accreted Value of all Outstanding Serial Bonds maturing by their terms on such July 1 plus the aggregate principal amount or Accreted Value of all sinking fund payments required to be made on such July 1 for all Outstanding Term Bonds. The Trustee shall establish and maintain within the Principal Account a separate sinking account for Term Bonds (the "Sinking Account"). On each mandatory sinking account payment date established for such Sinking Account, the Trustee shall apply the mandatory sinking account payment required on that date to the redemption (or payment at maturity, as the case may be) of Term Bonds upon the notice and in the manner provided herein; provided that,at any time prior to giving such notice of such redemption, the Trustee, upon Written Request of the Authority, may apply moneys in such Sinking Account to the purchase of Term Bonds with respect to which such moneys were deposited in the Sinking Account at public or private sale, as and when and at such prices (including brokerage and other charges, but excluding accrued interest, which is payable from the Interest Account)as shall be determined by the Authority, except that the purchase price(excluding accrued interest) shall not exceed the redemption price that would be payable for such Bonds upon redemption by application of such mandatory sinking account payment. If, during the twelve-month period A-7