Laserfiche WebLink
Rebate Report after its delivery to the Trustee,and making demand on the Borrower to pay <br /> any amount of rebate required to be paid to the United States as set forth in the Rebate <br /> Report. <br /> If the Borrower shall fail to remit to the Trustee the amount of rebate owing to the <br /> United States in accordance with the Rebate Report within five days after Borrower's receipt <br /> of such report,thereafter,notwithstanding any other provisions of the Indenture,the Trustee <br /> shall transfer the amount required to be paid to the United States the Rebate Fund from the <br /> following funds: first from the Surplus Fund, second from the Subordinate Debt Service <br /> Account,third,from the Operating Reserve Fun&fourth,from the Repair and Replacement <br /> Fund, fifth, from the Senior Debt Service Account, sixth, from the Senior Debt Service <br /> Reserve Account(to the extent permitted),seventh,from the Taxes and Insurance Fund,and <br /> eighth, from the Revenue Fund. To the extent of amounts in the Rebate Fund, the Trustee <br /> shall make available to the Borrower the amount of rebatable arbitrage due upon the <br /> Trustee's receipt of an executed form 8038T,or copy thereof satisfactory to the Trustee (or <br /> such other form as shall be appropriate for reporting the rebate due) duly completed with <br /> respect to the applicable issue of Tax-Exempt Bonds and representations by the Borrower <br /> that it will apply such amounts to the payment of rebate due. <br /> Insurance and Award Fund <br /> There shall be deposited into the Insurance and Award Fund all Net Proceeds of <br /> condemnation awards or insurance relating to condemnation, damage or destruction of the <br /> Project Facilities if in excess of$250,000. Amounts in the Insurance and Award Fund shall <br /> be disbursed by the Trustee to pay the cost of replacement, repair, reconstruction or <br /> restoration of the Project Facilities or transferred to the Bond Fund and used to redeem <br /> Bonds pursuant to Section 3.01(b)of the Indenture. Any amounts remaining in the Insurance <br /> and Award Fund after payment of all costs of replacement, repair, reconstruction, or <br /> restoration relating to the condemnation, damage or destruction to which such amounts <br /> relate, shall be transferred to the Optional Redemption Fund. <br /> Investment of Funds <br /> To the extent authorized by the Act or other applicable law,moneys on deposit to the <br /> credit of any fund or account established under the Indenture shall, upon request by the <br /> Authorized Borrower Representative,be invested by the Trustee in Permitted Investments, <br /> which may be purchased from the Trustee or from any of its Affiliates. To the extent the <br /> Trustee receives no investment instructions from the Authorized Borrower Representative, <br /> amounts in the funds and accounts created under the Indenture shall be invested in the <br /> Trustee's "AAA" rated treasury money market fund. Investments so made shall be deemed <br /> at all times to be a part of the respective account or fund,but may from time to time be sold <br /> or otherwise converted into cash, whereupon the proceeds derived from such sale or <br /> conversion shall be credited to such Account or Fund. Any interest accruing on and any <br /> profit realized from such investment shall be credited to the respective account or fund <br /> except as otherwise provided in the Indenture. Any investments purchased with amounts on <br />