92-88 AUTHORIZING THE ISSUANCE OF $705,000 IN AGGREGATE PRINCIPAL AMOUNT OF ECONOMIC DEVELOPMENT REVENUE REFUNDING BONDS

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subaccounts in the Bond Fund, to be designated the "Principal Account" and the "Interest Account" . Subject to the provisions of the Agreement, the Bond Fund and the moneys therein are hereby pledged to and shall be used solely and exclusively for the payment of Bond Service Charges as they fall due at stated maturity or by amortization or redemption, all as provided herein and in the Indenture and the Agreement, with Bond Service Charges representing repayment of principal on the Series 1992 Bonds, whether at maturity, acceleration or by mandatory or optional redemption, being paid only from the Principal Account and with Bond Service Charges representing all other amounts being paid only from the Interest Account, except as provided in Section 8.02 of the Trust Indenture relating to defeasance of the Series 1992 Bonds . Egcept as otherwise provided in the Agreement or this Bond Legislation, and except for payments to be deposited into the Rebate Fund, there shall be deposited into the Bond Fund, as and when received, all Pledged Receipts, as follows : all portions of the Note Payments representinq a payment of principal, and any other payments received by the Trustee to be used to repay principal on the Series 1992 Bonds, shall be deposited into the Principal Account, and accrued interest, if any, received upon the sale of the Series 1992 Bonds to the Original Purchaser and all other Pledged Receipts shall be deposited into the Interest Account. The Issuer covenants and agrees that, until Payment in Full of the Series 1992 Bonds, it will deposit or cause to be deposited in the Bond Fund Pledged Receipts sufficient in time and amount to pay the Bond Service Charges as the same become due and payable, and to this end the Issuer covenants and agrees that it will diligently and promptly proceed in good faith and use its best efforts to enforce the Agreement and that, should there be an event of default under the Agreement, the Issuer shall fully cooperate with the Trustee and with the Bondholders to fully protect the rights and security of the Bondholders hereunder. Nothing herein shall be construed as requiring the Issuer to use or apply to the payment of Bond Service Charges any funds other than the Bond Fund and the Payment Fund or revenues from any source other than Pledged Receipts . The Issuer covenants and agrees, whenever the moneys and investments in the Bond Fund (or otherwise held by the Trustee for such purpose) are sufficient in amount to redeem the entire principal amount of the Series 1992 Bonds then outstanding and to pay interest to accrue thereon to the date or dates of such redemption, and any applicable premiums, to take and cause to be taken, upon notification by the Borrower - 13 -