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1 <br /> <br /> 3 <br /> <br /> 5 <br /> <br /> 7 <br /> <br /> 9 <br /> <br />11 <br /> <br />13 <br /> <br /> 15 <br /> <br /> 17 <br /> <br /> 19 <br /> <br /> 21 <br /> <br /> 23 <br /> <br /> 25 <br /> <br /> 27 <br /> <br /> 29 <br /> <br /> 31 <br /> <br /> 33 <br /> <br /> 35 <br /> <br /> 37 <br /> <br /> 39 <br /> <br /> 41 <br /> <br /> 43 <br /> <br /> 45 <br /> <br /> 47 <br /> <br /> 49 <br /> <br /> (g) Structurinq Settlements. The Authority hereby <br />covenants, to the extent that it has control over any <br />negotiation or structuring of a Settlement, not to effect <br />Settlement payment dates of earlier than the date the <br />Claims Payment Fund has been or will be fully funded to <br />cover Loss Reserves established for the payment of such <br />Claim. <br /> <br /> (h) Compliance with Memorandum. The Authority hereby <br />expressly covenants to comply with the terms and conditions <br />set forth in the Memorandum. <br /> <br />ARTICLE III <br /> <br />DEPOSIT OF MONEYS; COVERAGE; PAYMENT OF SETTLEMENTS; <br /> PURCHASE OF COMMERCIAL INSURANCE <br /> <br /> SECTION 3.1 Deposit of Moneys. On the Closing Date, the <br />Authority agrees to direct the Trustee to deposit the proceeds <br />of the Series 1988A Bonds in the following funds as set forth <br />in an amendment to this Agreement to be entered into prior to <br />the date of issuance of the Series 1988A Bonds: (1) the Claims <br />Payment Fund, (2) the Costs of Issuance Fund, (3) the Debt <br />Service Reserve Fund and (4) the Principal and Interest Fund. <br />All moneys held under the Indenture shall be invested in <br />accordance with the restrictions set forth in Article VIII <br />thereof and in the Letter of Instructions to the Trustee <br />attached thereto as Exhibit C. <br /> <br /> SECTION 3.2 Coveraqe. The Authority hereby provides the <br />Coverage to each Participant, and each Participant hereby <br />agrees to accept the Coverage, upon the terms and conditions <br />set forth in this Agreement and the Memorandum. <br /> <br /> SECTION 3.3 Payment of Costs of Issuance. Payment of <br />Costs of Issuance shall be made from the moneys deposited with <br />the Trustee in the Costs of Issuance Fund established in <br />Article IV of the Indenture which shall be disbursed in <br />accordance and upon compliance therewith. <br /> <br /> SECTION 3.4 Payment of Settlements. The Authority shall <br />establish a Claims Payment Fund for the payment of <br />Settlements. Settlements shall be paid upon submission to the <br />Trustee of properly completed Requisitions executed by the <br />Authority requesting such payment in substantially the form <br />attached as Exhibit H to this Agreement from moneys in the <br />Claims Payment Fund held by the Trustee. Such Requisitions <br />will be submitted by the Authority to the Trustee in the <br /> <br /> 15 <br />2658002/2 <br /> <br /> <br />