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_~ _.___ <br />~~ <br /> <br />of Issuer to be designated "The County of Hall, Nebraska <br />Industrial Development Revenue Bond Construction Fund, <br />Diamond Plastics Corporation Project," which shall be <br />expended in accordance with the provisions of the Agreement. <br />Section 5.07. Payments into the Construction Fund; <br />Disbursements. The balance of the proceeds of the issuance <br />and delivery of the Bonds remaining after the deposit pro- <br />vided by the first sentence of Section 5.03 hereof has been <br />made shall be deposited in the Construction Fund_ Issuer <br />covenants and agrees to take all necessary and appropriate <br />action promptly in angroving and ordering disbursements from <br />the Construction Eund in accordance with provisions of the <br />Agreement. Trustee is hereby authorized and directed to make <br />each disbursement required by the provisions of the Agreement <br />and to issue its checks therefor. Trustee shall keep and <br />maintain adequate records pertaining to the Construction Fund <br />and all disbursements therefrom, and after the Project has <br />been completed and a certificate of payment of all costs is <br />or has been filed as provided in Section 5.08 hereof, Trustee <br />shall file an accounting thereof with Issuer and Company. <br />Section 5.08. Completion of Project. The completion of <br />the Project and payment or provision made for payment of all <br />Costs of Construction shall be evidenced by the filing with <br />Trustee of the certificate required by Section 4.5 of the <br />Agreement. As soon as practicable and in any event not more <br />than sixty (60) days from the date of the certificate <br />referred to in the preceding sentence, any balance remaining <br />in the Construction Fund (except amounts Company shall have <br />directed Trustee to retain far any Cost of Construction not <br />then due and payable) shall without further authorization be <br />used by Trustee in the manner provided in Section 4,5 of the <br />Agreement. <br />Section 5.09. Nonpresentment o£ Bonds; Disposition of <br />Unclaimed Money. In the event any Bond shall not be pre- <br />sented for payment when the principal thereof becomes due, <br />either at maturity, or at the date fixed for redemption <br />thereof, or otherwise, if funds sufficient to pay any such <br />Bond shall have been made available to Trustee for the bene- <br />fit of the holder or Registered Owner thereof, all liability <br />of Issuer to the holder or Registered Owner thereof for the <br />payment of such Bond shall forthwith cease, determine and be <br />completely discharged, and thereupon it shall be the duty of <br />Trustee to hold such funds, without liability for interest <br />thereon, for the benefit of the holder or Registered Owner of <br />such Bond who shall thereafter be restricted exclusively to <br />such funds, for any claim of whatever nature on his part <br />under this Indenture or on, or with respect to, such Bond. <br />-2~- <br />~. <br /> <br />