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<br /> <br />82--+~i~I~ ~? <br />T~~:stee shall, without-further authorization, sell and <br />redsce to cash funds. a suyficient portion of investxrie:;ts <br />under the provisions of this Section 703 whenever:."suc:z cash <br />fucsds a.re re~zui.-ed for the purposes hareinbefore stated. <br />An;r moneys and investments rercainn in saki special account <br />after final application to the purposes specified in Se.ct~ons <br />13..? and 1'x.4 of the Lease, s' E±li be by the Trustee, and <br />without further authcrization, trans .=erred to and iieoosited <br />in the Bend F;nd Reser~~e Account with advice to t2:e Issuer <br />and t?e Lessee of such action. <br />Section 7G='Y. On the vas is of the Lessee`s certificates <br />. and representatio:~s contai^.ed in Section 5.5 of the Lease; <br />the Issuer" he~e'ay cep- _~ies ur_d reasonably expects that: <br />(a) The original proceeds of the 1982. Bonds. will <br />not exceed disbursements from the Acquisition <br />Fund in accordance with Article IV of the. Lease,. <br />fb} All of the spendable proceeds of the 1982 Bonds, <br />including investment proceeds, will be expended <br />to pay disbursements from the Acquisition Fund <br />in accordance with Article IV of the Lease on <br />the date of issuance of the 1982 Bonds; <br />(c} The work on the Project has peen completed; <br />4d) The .Project will not be sold or otherwise disposed <br />of in whale or in part prior to the. date of the <br />last pxincipal maturity of the 1982 Bands (other <br />than as Iaexinitted by this Indenture and the <br />Lease} , and. <br />fe} Accrued. interest received upon the sale rf the <br />1982 Bands will be applied to the first interest <br />due thezeon. <br />Can the basis of the foregoing., it is not expected that <br />tr.~~ aroce~ds of the 1982 Bonds wi:i. be useL' in a mar-cr that <br />.~..•u~d e~u~e _he 1982 Bondstp be arbitrage bends under <br />Sect~~;; "it?3 ;~:) of the Internal Revenue Code of 1354, as <br />a::e:. ~ and regulauisns prescribed un~:.er that SectiG;. Tc <br /> <br />