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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 />ts <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />~ ~i2 <br />~l3 <br />24 <br />25 <br />26 <br />27 <br />~g <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 />42 <br />(A) execute and deliver to State Street Bank and Trust Comp~ <br />successors under the' Insurance Policy (the: "Insurance Paying A, <br />satisfaetory to the Insurance Paying Agent, an'instrument.appointin <br />agenf fpr.such Holders in any legal `proceeding related to the payment <br />and an assigriment to the Insurer of the claims for interest to which <br />relates and which are paid by the Insurer, <br />(B) receive as.designee of the respective Owners or Benef <br />riot as ;Trustee} in accozdance with the tenor of the Insurance Policy <br />Insurance Payx~rg Agent with respect to the claims for interest so <br />(C) disburse the same to such respective Holders; and <br />(ii) if,and to the extent of a'deficiency in amounts required to pay <br />1998 Gertificates, the Trustee shalL• <br />y, N.A., or-its <br />nt"), in form <br />the Insurer as <br />f such interest <br />ch deficiency <br />il Owners (and <br />yment from the <br />igned and <br />ipal 'of the <br />(B) receive as; designee of the respective Holders (and no as :Trustee); in <br />accordance with the tenor of the Insurance Policy payment fhe efor: from the <br />Insurance Paying Agent, and <br />(C) disburse the same'to such Holders. <br />As used in this;Sechon;"`Holder" means theBeneficial Owner of any 1998 Certifica~ subject to the <br />Book-Entry System and the Gwner ofany 1i998 Certificate not subject to the Book Entry System. <br />claims for interest and principal evidenc d by the 1998 <br />n praceeds of the Insurance Policy shall no be considered <br />y with respect to:the 1.9.98 Financing Pay ents e~videnced <br />r sha11 becarne t~ie`owner of such-unpaid 1' 98 Gertificates <br />i the fenor'of the assignment made to it unde the provisions <br />of tliis-.subsec~o~:~:o~3otherwise. <br />the Trustee hereby agree for the benefit of the Insurer that: <br />FINANCING AND TRUST AGREEMENT <br />PAGE 49 <br />