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73495160v3 <br /> <br /> <br />30 <br /> <br />(B) the Equity Account; <br />(C) the Capitalized Interest Account (containing a Funding Loan <br />Proceeds Subaccount and an Equity Subaccount); <br />(D) the Bridge Note Proceeds Account; and <br />(E) the Subordinate Debt Proceeds Account; <br />(ii) the Funding Loan Fund; <br />(iii) Replacement Reserve Fund; <br />(iv) Tax and Insurance Fund; <br />(v) Operating Reserve Fund; <br />(vi) Negative Arbitrage Account; and <br />(vii) Bridge Note Payment Fund. <br />(b) All the Accounts created by subsection (a) of this Section shall be held by the <br />Fiscal Agent in trust for application only in accordance with the provisions of this Funding Loan <br />Agreement. <br />(c) The initial advance of the Funding Loan will be applied in accordance with the <br />Closing Memorandum. Following the disbursements set forth in the Closing Memorandum, the Fiscal <br />Agent shall receive and deposit into the respective Accounts specified the amounts, if any, provided in the <br />Closing Memorandum. <br />Section 4.3 Funding Loan Fund; Bridge Note Payment Fund. <br />(a) There is hereby separately created and established with the Fiscal Agent the <br />Funding Loan Fund. <br />(i) There shall be deposited in the Funding Loan Fund (i) all payments by the <br />Borrower pursuant to the Borrower Note or the Borrower Loan Agreement, including all proceeds <br />resulting from the enforcement of the Security or its realization as collateral, and (ii) all other <br />moneys received by the Fiscal Agent under the Borrower Loan Agreement. <br />(ii) Moneys in the Funding Loan Fund shall be held in trust for the Noteowners <br />and, except as otherwise expressly provided herein, shall be used solely for the payment of the <br />regularly scheduled principal of and interest on the Funding Loan, for the payment of principal and <br />interest upon maturity, whether stated or accelerated, or upon mandatory or optional prepayment <br />prior to the Maturity Date, and for the payment of the acceleration premium set forth in the <br />Borrower Loan Agreement. <br />(iii) After final payment in full of the Governmental Notes and upon payment <br />of any amounts payable to the United States pursuant to any rebate requirement and any other <br />amounts owing hereunder and under the Borrower Loan Agreement, any amounts remaining in the <br />Funding Loan Fund shall be promptly paid to the Borrower.