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declared and determined to be public purposes and functions <br /> pertaining to the government and affairs of the Municipality. <br /> Section 3 . Definitions . All words and phrases not <br /> otherwise defined herein shall have the respective meanings set <br /> forth in the Administration Agreement approved hereunder (as <br /> executed and as amended from time to time) , unless a different <br /> meaning clearly appears in context. <br /> Section 4. Establishment of Qualified Mortgage Certif- <br /> icate Program. <br /> (a) Subject to receipt of "volume cap" pur- <br /> suant to Section 11 hereof, there is hereby <br /> established and implemented a qualified mortgage <br /> credit certificate program under Section 25 of the <br /> Code ( the "Program" ) for the purpose of issuing <br /> Certificates . The Certificates shall be issued to <br /> Borrowers in connection with the acquisition, re- <br /> habilitation or improvement of the Borrower ' s Prin- <br /> cipal Residence within the incorporated area of the <br /> Municipality ( the "Program Area" ) . <br /> (b) The Certificates shall carry ( 1 ) a Credit <br /> Rate as shall be provided in the Administration <br /> Agreement (as executed and as amended from time to <br /> time) , which Credit Rate shall be not less than 10% ' <br /> nor more than SOo , and ( 2) an Indebtedness Amount � <br /> specified in each Certificate. I', <br /> _4_ I' <br />