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5-- 006350 furnish the receipts or lien waivers specified in (iv) above, any receipts necessary to establish the payments specified in (i) above, and any other documentation which say be deemed necessary by Trustee as a condition for disbursement of money in connection with the repair, restoration or improvement of the Project. Any - balance of the Net Proceeds in excess of $1,000 remaining after such work has been completed shall be paid by the Trustee to the Company, provided however, that no such Payment shall be made unless in compliance with the Act and the Internal Revenue Code. (b) To redemption of the Bonds; provided that no part of the Net Proceeds may be applied for such redemption. unless (1) all of the Bonds are to be redeemed in accordance with the Indenture upon acceleration of rent pursuant to Section 10.2 hereof, or (2) in the event that less than all of the Bonds are to be redeemed, Company shall furnish to Trustee and Issuer a certificate of the Company Representative acceptable to Trustee and Issuer stating (i) that the property forming a part of the Project that was damaged or destroyed by such casualty or was taken by such condemnation proceeding is not essential to the use or Possession of the Project by Company, or (ii) that the Project has been repaired, restored or improved to substantially the same condition as prior to such damage, destruction or condemnation. (c) If Company is in default under this Agreement, the Net Proceeds shall be applied to the redemption of the Bonds at the earliest practicable date. Section 6.3. Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restorations or improvement referred to in Section 6.2(a) hereof the Company will pay any cost in excess of the Net Proceeds held by Trustee or will pay to Trustee the moneys necessary to complete the work in which case the work will proceed to completion, except to the extent that any such work is not needed by reason of any election which satisfies the provisions of Section 6.2(b) hereof. To the extent Net Proceeds are insufficient to pay the full cost of any repair, restoration or improvement, Company shall not be entitled to any reimbursement therefor from Issuer or from Trustee or from the holders of any of the Bonds, nor shall Company be entitled to any diminution of the amounts payable under Sections 5.2 and 5.3 hereof. Section 6.4. Compaq Entitled to Certain Net Proceeds. Company shall be entitled to the Net Proceeds of any condemna- tion award or portion thereof made for damage to or taking of its property not a part of the Project. -33- l�