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

ARTICLE VII INVESTMENTS SECTION 7.1. INVESTMENT OF FUND MONEYS. All moneys held in the Funds established by Article V of this Indenture shall, as nearly as may be practicable, be continuously invested and reinvested by the Trustee at the oral or written direction of the Company in Permitted Investments. If such direction is oral, it will be confirmed in writing by the Company within three (3) Business Days after such direction is given. Each Permitted Investment will mature, or will be subject to redemption by the holder thereof at the option of such holder, not later than the earlier of six (6) months from the date of investment or the date when money is expected to be required for the purpose intended. Obligations so purchased as an investment of any money credited to any Fund held by the Trustee hereunder will be deemed at all times to be a part of such Fund. The interest accruing on obligations so purchased and any profit realized from such investment will be credited to such Fund and any loss resulting from such investment will be charged to such Fund, except that interest earnings on the Reserve Fund will be deposited to the Bond Fund if after giving effect to such transfer, the balance in the Reserve Fund is equal to or greater than the Reserve Requirement. Moneys credited to any Account or Fund maintained hereunder which are uninvested pending disbursement or receipt of proper investment directions or as directed herein, may be deposited to and held in a non-interest bearing demand deposit account established with the Commercial Banking Department of the Trustee or with any bank affiliated with the Trustee, without the pledge of securities to or other collateralization of such deposit accounts. The Trustee may invest in Permitted Investments through its own trust department and such monies may be deposited in time deposits, or certificates of deposit issued by the Trustee or its affiliates. SECTION 7.2. ARBITRAGE BOND COVENANT. The Issuer and the Trustee hereby covenant with the Bondholders that they will not use the proceeds ofthe Bonds, or any other funds which may be deemed to be proceeds of the Bonds pursuant to Section 148 of the Code and Sections 1.148-0 to 1.148-11 of the Treasury Regulations, which would cause the Bonds to be "arbitrage bonds" within the meaning of Section 148 and such regulations, and will comply with the requirements of Section 148 and such regulations throughout the term of the Bonds. SECTION 7.3. COMPLIANCE WITH ARBITRAGE RESTRICTIONS: REBATE REQUIREMENTS. The Issuer and the Trustee hereby acknowledge and confirm that the maintenance ofthe tax-exempt status of interest on the Bonds is dependent, among other things, on compliance with the arbitrage rebate requirements set forth in Section 148(f) of the Code and regulations thereunder. In order to confirm and carry out such understanding, the Company, or an agent ofthe Company or an agent of the Trustee, shall made such periodic calculations and make such rebate payments to the United States (but only from such funds as are provided hereunder) as and when required by said Section 148(f) and regulations thereunder. Payment of all rebates required to be made to the United States under this Section shall be made by the Company, or by the Trustee from payments made by the Company under Section 4.03 ofthe Loan Agreement. Such required rebate payments shall be made 7-1