1. MIDA Bond-Bethany on 42nd - Laserfiche WebLink

ARTICLE V ESTABLISHMENT OF FUNDS SECTION 5.1. ESTABLISHMENT OF BOND FUND. The Issuer hereby establishes with the Trustee the Bond Fund. There shall be deposited in the Bond Fund (a) any premium or accrued interest received on the sale of the Bonds; (b) capitalized interest, if any, on the Bonds; (c) all interest earned from the investment of the Reserve Fund, provided the balance in the Reserve Fund is not less than the Reserve Requirement; (d) all Basic Payments specified in the Loan Agreement; (e) all moneys transferred thereto from the Reserve Fund in accordance with Section 6.3; (f) all other moneys received by the Trustee under the Loan Agreement or Assignment when so directed in writing by the Company in accordance with the Loan Agreement or in the absence of the written direction required ofthe Company under the Loan Agreement or Assignment; (g) any other amounts realized from the Security after payment of costs of collection as permitted hereunder; and (h) any other moneys required by the terms ofthis Indenture to be deposited in the Bond Fund or paid to the Trustee under the Loan Agreement or this Indenture for credit or transfer to the Bond Fund. All moneys in the Bond Fund shall be used for the purpose and disbursed as provided in Section 6.2. SECTION 5.2. ESTABLISHMENT OF PROJECT FUND. The Issuer hereby establishes with the Trustee the Project Fund. There shall be deposited into the Project Fund from the proceeds of the sale of the Bonds such amount as provided in Section 6.1 which proceeds shall be used for the purposes and disbursed as provided in Section 6.3. SECTION 5.3. ESTABLISHMENT OF COSTS OF ISSUANCE FUND. The Issuer hereby establishes with the Trustee the Costs ofIssuance Fund. There shall be deposited into the Costs of Issuance Fund funds of the Company in such amount as provided in Section 6.1 which funds shall be used for the purposes and disbursed as provided in Section 6.5. SECTION 5.4. ESTABLISHMENT OF REPAIR AND REPLACEMENT FUND. The Issuer hereby establishes with the Trustee the Repair and Replacement Fund. There shall be deposited into the Repair and Replacement Fund all Net Proceeds of insurance or condemnation awards relating to damage, destruction or condemnation of the Facilities if in excess of $100,000. Moneys in the Repair and Replacement Fund shall be used for the purposes and disbursed as provided in Section 6.4. SECTION 5.5. EST ABLISHMENT OF RESERVE FUND. The Issuer hereby establishes with the Trustee the Reserve Fund. There shall be deposited into the Reserve Fund from the proceeds of the sale of the Bonds such amount as provided in Section 6.1, which proceeds shall be used for the purposes or disbursed as provided in Section 6.3. (Remainder of this page intentionally left blank.) 5-1