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as Trustee) in accordance with the tenor of the Municipal Bond Insurance Policy, <br /> payment therefor from the Insurance Trustee, and (C)disburse the same to such Owners. <br /> (e) Payments with respect to claims for interest and principal with respect to Bonds <br /> disbursed by the Trustee from proceeds of the Municipal Bond Insurance Policy shall not be <br /> considered to discharge the obligation of the Authority with respect to such Bonds, and the <br /> Municipal Bond Insurer shall become the owner of such unpaid Bonds and claims for the <br /> interest in accordance with the tenor of the assignment made to it under the provisions of this <br /> subsection or otherwise. <br /> (f)Irrespective of whether any such assignment is executed and delivered,the Authority, <br /> the Corporation and the Trustee hereby agree for the benefit of the Municipal Bond Insurer that, <br /> (i) They recognize that to the extent the Municipal Bond Insurer makes payments, <br /> directly or indirectly (as by paying through the Trustee), on account of principal or <br /> interest with respect to the Bonds, the Municipal Bond Insurer will be subrogated to the <br /> rights of such Owners to receive the amount of such principal and interest from the <br /> Authority, with interest thereon as provided and solely from the sources stated in the <br /> Lease Agreements,this Indenture and the Bonds;and <br /> (ii) They will accordingly pay to the Municipal Bond Insurer the amount of such <br /> principal and interest (including principal and interest recovered under subparagraph <br /> (ii) of the first paragraph of the Municipal Bond Insurance Policy, which principal and <br /> interest shall be deemed past due and not to have been paid), with interest thereon as <br /> provided in the Lease Agreement, this Indenture and the Bonds, but only from the <br /> sources and in the manner provided herein for the payment of principal and interest <br /> with respect to the obligations to Owners, and will otherwise treat the Municipal Bond <br /> Insurer as the owner of such rights to the amount of such principal and interest. <br /> -16- <br />