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<br />32 <br />DEBT SERVICE SCHEDULE <br />The following table sets forth, for each year ending [December 1], the amounts required each year to be paid <br />with respect to the Senior Notes (anticipated) and the Series 2021D Bonds, assuming no prepayment other than for <br />mandatory sinking fund redemptions. Interest on the Series 2021D Bonds will be paid on each [June 1 and <br />December 1, commencing June 1, 2021]. Principal of the Series 2021D Bonds will be paid on each [June 1 and <br />December 1, commencing December 1, 2023]. <br />Year Ending <br />December 1 <br /> <br />Senior Note <br />Debt Service <br />Series 2021D <br />Bonds Principal* <br />Series 2021D <br />Bonds Interest <br />Total Debt Service <br />for Senior Notes and <br />Series 2021D Bonds <br />2021 <br />2022 <br />2023 <br />2024 <br />2025 <br />2026 <br />2027 <br />2028 <br />2029 <br />2030 <br />2031 <br />2032 <br />2033 <br />2034 <br />2035 <br />2036 <br />2037 <br />2038 <br />2039 <br />2040 <br />2041 <br /> <br />*Preliminary; subject to change <br /> <br />In addition to the Senior Notes and Series 2021D Bonds, the Corporation is party to a loan agreement with the Senior <br />Lender with respect to the St. Paul Facilities. As of [___________], 2021, such loan was outstanding in the principal <br />amount of $[1,400,000]. The Corporation will continue to pay debt service on such loan agreement until construction <br />of the Project is completed and the St. Paul Facilities are transferred. [Cross-reference description of sale of St. Paul <br />Facilities, transfer of debt and application of sale proceeds to debt]. Apart from the foregoing, the Corporation has no <br />other outstanding debt service obligations or lines of credit. <br />ENFORCEABILITY OF OBLIGATIONS <br />On the date of issuance of the Series 2021D Bonds, Taft Stettinius & Hollister LLP, Minneapolis, Minnesota, <br />Bond Counsel, shall deliver its opinion, dated the delivery date, that the Series 2021D Bonds, the Loan Agreement <br />and the Indenture are valid and legally binding on the Issuer, enforceable in accordance with their respective terms. <br />Taft Stettinius & Hollister LLP, will also deliver an opinion that the Loan Agreement, the Continuing Disclosure <br />Agreement and the Subordinate Mortgage are valid and legally binding agreements of the Corporation, each <br />enforceable in accordance with its respective terms, as well as an opinion that the Guaranty is a valid and legally <br />binding agreement of the Guarantor, enforceable in accordance with its terms. The foregoing opinions will be <br />generally qualified to the extent that the enforceability of the respective instruments may be limited by laws, decisions