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

SECTION 6.3. USE OF AND DISBURSEMENTS FROM RESERVE FUND. Moneys in the Reserve Fund shall be held by the Trustee as a reserve for payment of the Basic Payments of the Corporation under the Loan Agreement, so long as the Corporation is not in Default under the Loan Agreement. In the event the Corporation is in Default of its obligation to make Basic Payments under the Loan Agreement or if an Event of Default occurs under this Indenture and funds on deposit in the Bond Fund are insufficient to pay the principal of or interest on the Bonds when due, the Trustee shall transfer sufficient funds from the Reserve Fund to the Bond Fund to satisfy the obligation causing the Default. If at any time the balance in the Reserve Fund is less than the Reserve Requirement as a result of a draw on the Reserve Fund, such deficiency shall be restored by the Corporation making deposits into the Reserve Fund not later than the first day of the sixth month following any deficiency. A draw on the Reserve Fund shall not constitute an Event of Default hereunder unless the Corporation fails to restore the balance therein to the Reserve Requirement within the six month period. Moneys in the Reserve Fund shall be invested as provided in Section 7.1 hereof. If the amount on deposit in the Reserve Fund is less than the Reserve Requirement, the earnings on the investment of the Reserve Fund shall remain in the Reserve Fund. If the balance in the Reserve Fund is equal to or greater than the Reserve Requirement, such excess and all interest earned from the investment of the Reserve Fund shall be transferred to the Bond Fund semiannually by the Trustee and used to pay interest on the Bonds on the next Interest Payment Date. The amounts deposited in the Reserve Fund may be used by the Corporation for the final payment to be made on the Bonds. Any sums remaining in the Reserve Fund after all obligations of the Corporation under the Loan Agreement and this Indenture have been satisfied shall be paid to the Corporation. The Trustee shall determine the balance in the Reserve Fund 45 days prior to each Interest Payment Date. In calculating the balance in the Reserve Fund at any time, Permitted Investments then held as an asset of the Reserve Fund shall be valued at their market value on the date set forth above. Ifupon such valuation the balance in the Reserve Fund is less than the Reserve Requirement as a result of a decline in market value of investments thereof, the Corporation is required to pay an amount under Section 4.02(d) of the Loan Agreement for deposit in the Reserve Fund which is sufficient to cause the balance in the Reserve Fund to equal the Reserve Requirement. Ifupon such valuation the balance in the Reserve Fund is in excess ofthe Reserve Requirement, such excess may be transferred to the Bond Fund. SECTION 6.4. USE OF AND DISBURSEMENTS FROM PROJECT FuND. Moneys in the Project Fund shall be expended and disbursed to pay Qualified Project Costs in accordance with the provisions of the Loan Agreement. The Trustee is hereby authorized and directed to make disbursements from the Project Fund to pay the Qualified Project Costs upon receipt ofa certificate signed by a Company Representative meeting the requirements of the Loan Agreement. The Trustee shall keep and maintain adequate records pertaining to the Project Fund and all receipts and disbursements pertaining thereto, and shall furnish periodic statements with respect thereto to the Company. The Trustee shall not make disbursements from the Project Fund if an Event of Default has occurred and is continuing. 6-2