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~ Project) Series 1972 Bond Fund," (hereinafter called the "Bond R
Fund"), to be used by the Trustee in the manner provided in i
the Resolution. The Trustee shall furnish to the Company, the `
Issuer and any bondholder who shall so request in writing of ~
- the Trustee, at reasonable intervals not less than annually, ;
an accounting of_the funds expended out of and remaining on i
deposit in the Bond Fund. i
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Section 3.03. PURCHA~SE PRICE PAYABLE IN I2JSTALLMENTS. ~
Commencing riay 15, 1973, and at least fifteen (15) days before ~
June 1 and December l of each year until the principal of and i
interest on the 8onds shall have been fully paid or p~ovision for the i
payment thereof shall have been made in accordance with the
Resolution, the Company shall pay to the Trustee, in the r.zanner
provided in Section 3.02 above, an amount equal to the sum of
the following:
(A) The principal amount of outstanding Bonds maturing
on the first day of the next succeeding month; and
(B) The amount of-interest becoming payable on the
outstanding Bonds on the first day of such next succeeding month;
and
(C) The amount of a11 reasonable fees and expenses of
the Trustee named in the Bonds which may be charged in connection
with the performance of their duties and services with respect to
such current payr.~ents of principal and interest, or either, and as
otherwise required or indicated by the Resolution and this
Agreement; and
(D) The ar.iount of all reasonable expenditures and
expenses not previously reimbursed, made and incurred by the }
Issuer by reason of any advances made pursuant to Section 4.06 '
hereof, or made or incurred by the Issuer pursuant to Section 7.07
hereof by reason of default on the part of the Company hereunder,
and
(E) The amount of deficiencies in prior payments due
hereunder.
Not later than each May 1 and November 1 the Trustee
shall furnish to the Company an itemized statement of the
payments due to be made by the Company to the Trustee fifteen
(15) days prior to the first day of the next succeeding month;
but the Trustee's failure to furnish such a statement shall
not affect the Company's unconditional obligation to pay when
; due the sums required by paragraphs (A) and (B) of this Section.
If the Trustee shall fail to furnish such a stater.ment when
due, the Company shall pay within thirty (30) days of receipt
of such statement the sums required by paragraphs (C), (D) and
(E) of this Section.
In the event an installment payment date falls on a -
non-banking day of the Trustee, the installment payr.?ent involved
shall be due and payable at the time of opening for business on
the next succeeding day that is a banking day.
Section 3.04. OBLIGATION TO PAY UNCONDITIONAL. So
long as any of the Bonds or interest thereon or any other
obligations of the Co;npany hereunder shall be outstanding,
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