R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS

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has arranged the terms and conditions under which the Bonds will be sold and delivered and the Issuer is relying on the actions of the Company in that connection. ' Section 3.2. The Loan. Upon the terms and conditions of this Loan Agreement, the Issuer agrees to make a loan , to the Company of the proceeds received from the sale of the Bonds for the purposes herein specified. The Company's obligation to repay such loan shall be evidenced by the Note. Such loan shall be made by depositing the Bond proceeds (excluding amounts required to be deposited , in the Bond Fund pursuant to the Bond Resolution) in the Project Fund as provided in Section 5 of the Bond Resolution. The Company, and expressly not the Issuer or the Assignee, shall be responsible for the appropriate deposit, application and investment of such funds. ' The Company shall pledge to the Issuer, for simultaneous assignment to the Assignee, all its right, title and interest in and to the proceeds of such loan, including any securities purchased '' with such proceeds and any earnings thereon, to secure the payment of the Notes, such pledge to �� be effected by the deposit of such proceeds in the Project Fund in accordance with this Loan I, Agreement. Such pledge shall continue so long as such proceeds are held in the Project Fund, it � being understood that the Assignee shall be authorized to (but shall not be so required unless I directed by the Company and appropriately indemnified) apply and disburse such proceeds as i provided in the Arbitrage Regulation Agreement and ARTICLE IV hereof. The Company consents to the Issuer assigning and pledging its interest in such proceeds to the Assignee to I secure the payment of the Bonds as set forth in the Assignment. Section 3.3. Re�avment of the Note. To evidence its obligation to repay the loan described in Section 3.2 hereof, the Company shall issue concunently with the issuance of the Bonds, its Note to the Issuer, the Note to be in substantially the form of Exhibit A hereto. The Company's obligation to repay such loan shall exist as provided in the Note or, if the Note cannot be located, as provided in the form thereof attached as Exhibit A hereto, regardless of whether the Note is in e�cistence, and the provisions hereof respecting the Company's obligations to make payments of principal of, and premium, if any, and interest on, the Note or the Notes shall encompass the Company's obligations to repay such loan and all related obligations and amounts. Section 3.4. Additional Amounts Pa.vable. The Company shall pay the following amounts to the following persons, all as "Additional Payments" under this Loan Agreement: (a) To the Paying Agent, on or prior to each date on which any payment into the Bond Fund is to be made, for deposit in the Bond Fund, all amounts required to be deposited therein pursuant to this Loan Agreement, the Bond Registrar and Paying Agent Agreement or the Notes; 21