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~1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />~.2 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />~ <br />ARTICLE IV <br />ESTABLISHMENT AND USE OF FUNDS <br />SECTION 401. ESTABLISHMENT OF FUNDS; DISPOSITION OF C <br />There are hereby established with the Trustee the following trust funds: <br />(i) the Certificate Payment Fund, including as subaccounts thereof <br />Policy Account and the 1998 Debt Service Account; and <br />~TE PROCEEDS. <br />1998 Insurance <br />(ii) the Project Fund. ' <br />By executing and delivering a Supplemental Agreement (whether or not in onnection with <br />the issuance of a series of Additional Certificates), the County may establish with he Trustee such <br />other funds as it may determine are necessary or appropriate. <br />On the date of execution and delivery of the 1998 Certificates, the net proce ds derived from <br />the sale thereof shall be delivered to the Trustee and applied as follows: ~ <br />(a) An amount equal to the accrued interest paid by the initial purch sers of the 1998 <br />Certificates shall be deposited into the 1998 Debt Service Account of the Ce ificate Payment <br />Fund; and <br />(b) The balance of the net proceeds of the 1998 Certificates shall e deposited into <br />the Project Fund. 'i <br />The proceeds derived from~the issuance and sale of a series of Additional ertificates shall <br />be applied in such manner as shall be specified in the Supplemental Agreemen authorizing the <br />issuance of such series of Additional Certificates. <br />SECTION 402. USE AND APPLICATION OF THE PROJECT FUND. <br />(A~ DISBURSEMENTS. Moneys in the Project Fund shall be expended d disbursed in <br />accordance with the provisions of this Section 402. The Trustee is hereby autho zed and directed <br />to make disbursements from the Project Fund from time to time for the purpose o paying the costs <br />of the Project upon receipt of the following: i <br />(1) To the extent the requested disbursement is to be used to pay y portion of the <br />County's Share that does not constitute Pre-issuance Expenditures (as su h term is defined <br />in E}chibit A-2 attached hereto), a Requisition Certificate in the form of E ibit A-1 attached <br />hereto, which shall be executed by an authorized official of the County; d <br />FINANCING AND TRUST AGREEMENT <br />YAGE 3U <br />