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Avenue NW (the "Upper School Campus" and, with the Elementary School Campus, the "School
<br /> Facilities") in the City, which will be leased to and operated by the School as a public charter
<br /> school for students in grades six through twelve; (iv)fund required reserves; (v)finance capitalized
<br /> interest on a portion of the Series 2022 Bonds; and (vi) pay the costs of issuing the Series 2022
<br /> Bonds (collectively, (i)-(vi) above shall be referred to as the "2022 Project"); and
<br /> WHEREAS, pursuant to a resolution adopted by the City Council of the Issuer on July 12,
<br /> 2022,the Issuer authorized the issuance, sale, and delivery of the Series 2022 Bonds, approved the
<br /> execution and delivery of this Indenture,the Loan Agreement,and certain other related documents,
<br /> and took other actions with respect to the Series 2022 Bonds and the 2022 Project; and
<br /> WHEREAS, all things necessary to make the Series 2022 Bonds when authenticated by
<br /> the Trustee and issued as provided in this Indenture, the valid, binding, and legal obligations of
<br /> the Issuer according to the import thereof, and to constitute this Indenture a valid assignment and
<br /> pledge of the amounts pledged to the payment of the principal of, premium, if any, and interest on
<br /> the Series 2022 Bonds,and to constitute this Indenture a valid assignment of the rights of the Issuer
<br /> under the Loan Agreement (other than the Issuer's Unassigned Rights), have been done and
<br /> performed, and the creation, execution, and delivery of this Indenture, and the creation, execution,
<br /> and issuance of the Series 2022 Bonds, subject to the terms hereof, have in all respects been duly
<br /> authorized;
<br /> NOW, THEREFORE, THIS INDENTURE WITNESSETH:
<br /> GRANTING CLAUSES
<br /> That the Issuer in consideration of the premises and the acceptance by the Trustee of the
<br /> trusts hereby created and of the purchase and acceptance of the Bonds issued hereunder by the
<br /> Bondholders thereof, and for other good and valuable consideration, the receipt of which is hereby
<br /> acknowledged, in order to secure, for the equal and proportionate benefit, security and protection
<br /> of the payment of the principal of, premium, if any, and interest on the Bonds according to their
<br /> tenor and effect and to secure the performance and observance by the Issuer of all the covenants
<br /> expressed or implied herein and in the Bonds, does hereby assign and grant a security interest in
<br /> the following to the Trustee and its successors in trust and assigns forever, for the securing of the
<br /> performance of the obligations of the Issuer hereinafter set forth(collectively, the "Trust Estate"):
<br /> GRANTING CLAUSE FIRST
<br /> The Loan Agreement and any Security Document (including but not limited to the Pledge
<br /> Agreement and the Mortgage), including all extensions and renewals of the term thereof, if any,
<br /> together with all right,title, and interest of the Issuer in and to the Loan Agreement(except for the
<br /> Issuer's Unassigned Rights), including but not limited to the present and continuing right to make
<br /> claim for, collect,receive, and receipt for any of the sums, amounts, income, revenues, issues, and
<br /> profits and any other sums of money payable or receivable under the Security Documents (except
<br /> for amounts payable to the Issuer under or with respect to the Issuer's Unassigned Rights),to bring
<br /> actions and proceedings thereunder or for the enforcement thereof, and to do any and all things
<br /> which the Issuer under the Loan Agreement and the other Security Documents is or may become
<br /> entitled to.
<br /> 2
<br /> 735810810
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