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<br />ARTICLE VI <br /> <br />FLOW AND USE OF FUNDS <br /> <br />SECTION 6.1. ApPLICATION OF SERIES 2008 BOND PROCEEDS AND EQUITY FUNDS. <br />Immediately upon the receipt thereof, the proceeds of the sale of the Series 2008 Bonds in the <br />amount of $ and the Company's equity funds in the amount of $ <br />shall be deposited with the Trustee and apportioned in the following manner: <br /> <br />(a) In the Bond Fund capitalized interest in the amount of$ <br /> <br />(b) In the Reserve Fund the sum of$ <br /> <br />(c) In the Costs ofIssuance Fund the sum of$ <br />be necessary to pay all Costs of Issuance; and <br /> <br />plus such sums as may <br /> <br />(d) In the Project Fund the balance of the Series 2008 Bond proceeds and <br />Company's funds. <br /> <br />SECTION 6.2. USE OF AND DISBURSEMENTS FROM BOND FUND. Moneys in the Bond Fund <br />shall be used solely for the payment of principal of, premium, if any, and interest on the Bonds upon <br />maturity, mandatory redemption, extraordinary redemption, optional redemption or purchase on the <br />open market. The Issuer hereby authorizes and directs the Trustee to withdraw sufficient funds from <br />the Bond Fund to pay the principal of, premium, if any, and interest on the Bonds as the same <br />become due and payable and to make said funds so withdrawn available to itself and any other <br />paying agents for the purpose of paying said principal of, premium, if any, and interest to the <br />Bondholders. The Issuer authorizes the Trustee at the direction ofthe Company to use such moneys <br />to redeem Bonds in the manner and amount as directed, subject to the provisions for redemption of <br />Bonds herein. <br /> <br />In the event any Bonds shall not be presented for payment when the principal or interest <br />thereof becomes due, either at maturity or otherwise, or at the date fixed for redemption thereof, if <br />funds sufficient to pay the principal of, premium, if any, and interest on such Bonds shall have been <br />made available to the Trustee for the benefit of the Bondholders, all liability of the Issuer and any <br />and all liability ofthe Company to the Bondholders for the payment of such Bonds shall forthwith <br />cease and be completely discharged, and thereupon, it shall be the duty of the Trustee to hold such <br />funds, without liability for interest thereon, for the benefit of the Bondholders who shall thereafter <br />be restricted exclusively to such funds, for any claim under this Indenture or with respect to the <br />Bonds or the interest thereon. <br /> <br />Moneys in the Bond Fund shall be invested pursuant to Section 7.1 hereof and the investment <br />earnings thereon shall be applied to the payment of the principal of and interest on the Bonds. <br /> <br />6-1 <br />