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. ' 200604217 outstanding Bonds, under the terms of the Agreement. If no Bonds remain outstanding under the terms of the Agreement, all proceeds will be paid to the Company. All moneys held by the Paying Agent under the provisions ofthe preceding paragraph shall, at the written request of the Company, be invested or reinvested by the Paying Agent as specified by the Company (by one of the authorized representatives of the Company) in such request in one or more of the investments enumerated in Section 4.10 of the Agreement. Any earnings or profits of such investments shall be considered as part of such proceeds and the Company shall forthwith pay to the Paying Agent the amount of any losses on such investments. SECTION 7. Condemnation. Unless the provisions of Section 5.03(b) of the Agreement are applicable and the Company has exercised its option to prepay the Note in whole pursuant to such provisions, and as long as any Bonds remain outstanding under the terms of the Agreement, all moneys and awards payable under the terms of the Agreement, all moneys and awards payable as damages and/or compensation for the taking of title to or possession of, or for damage to any portion of the Project by reason of any condemnation, eminent domain, change of grade, or other proceeding shall be paid to the Paying Agent and such moneys and awards are hereby assigned to the Paying Agent. If no default is continuing under the Agreement, the Note, or this Mortgage, the Paying Agent will cause said proceeds received by it to be applied in one or more of the following ways as shall be directed in writing by the Company: (a) The restoration ofthe Building or other improvements located on the Land to substantially the same condition as they existed prior to the exercise of the said power of eminent domain; or (b) The acquisition by construction or otherwise, by the Company of other improvements suitable for the Company's operations at the Project (which improvements shall be deemed a part of the Project) provided that such improvements shall be acquired by the Company subj ect to no liens or encumbrances prior to the lien of this Mortgage; or (c) The partial prepayment of the Note and redemption of the principal of any ofthe Bonds together with accrued interest thereon to the Date of Redemption (as defined in the Agreement) and the applicable premium pursuant to the terms of the Agreement; provided that no part of any such condemnation award may be applied for such prepayment unless (i) all of the Bonds are to be redeemed in accordance with the Agreement; or (ii) in the event that less than all of the Bonds are 8