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action or inaction by any of them with respect to the request for an allocation, (ii) to forbear <br />against bringing any such action to recover any such damages, and (iii) ro assume the risk that <br />the entire volume of the Commonwealth's Volume Cap may be allocated by the Virginia Small <br />Business Financing Authority to other tax-exempt obligations. <br /> <br /> 4. The approval of the issuance of the Bonds, as required by the Code and Section <br />15.2-4906 of the Act does not constitute an endorsement to a prospective purchaser of the Bonds <br />of the creditworthiness of the Project or the Company, and, as required by Section 15.2-4909 of <br />the Act, the Bonds shall provide that neither the City nor the Authority shall be obligated to pay <br />the Bonds or the interest thereon or other costs incident thereto except from the revenues and <br />moneys pledged therefor and neither the faith or credit nor the taxing power of the <br />Commonwealth of Virginia, the City or the Authority shall be pledged thereto. <br /> <br />5. This Resolution shall take effect on the date of its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, Virginia, at a meeting held on July <br />25, 2000. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />