Guam § 6 - Collection of Hotel Room Taxes.

§ 6. Collection of Hotel Room Taxes.

The Government shall impose, levy, enforce and collect

Hotel Room Taxes (or may, in its sole and absolute discretion, but

shall not be obligated to, pay into the Revenue Fund moneys from

any other source) in an aggregate amount within each Bond Year

at least sufficient to pay and provide for the sum of:

(1) an aggregate amount equal to at least one hundred

twenty-five percent (125%) of Annual Debt Service for such

Bond Year; plus

(2) an aggregate amount equal to the amounts required

to be deposited in the Rebate Fund during such Bond Year

pursuant to § 5.08, plus the amount of Bond Expenses

estimated by the Trustee to be payable during such Bond

Year; plus

(3) such amounts as may be required pursuant to this

Indenture (and any Supplemental Indenture for the issuance

of Bonds of any additional Series) to build up or maintain the

Bond Reserve Fund at the Bond Reserve Fund Requirement.

The Government further covenants and agrees that all such

Hotel Room Taxes shall be payable in such coin or currency of

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the United States of America as at the time of payment is legal

tender for the payment of public and private debts.