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Account shall be used and withdrawn solely for the purpose of: (i) paying the interest on <br />and the principal of the Bonds and, on a junior and subordinate basis to the Bonds, the <br />EDC Bonds, as the same shall become due and payable to the extent it is required <br />therefor, (ii) reimbursing the issuer of the Letter of Credit and any alternate or <br />replacement Letter of Credit for any payments of interest on or principal of the Bonds <br />and, to the extent the Developer secures a letter of credit for the EDC Bonds (the 'EDC <br />Letter of Credit "), reimbursing, on a junior and subordinate basis to the Bonds, the issuer <br />of the EDC Letter of Credit, and (iii) reimbursing the Developer for any payments made <br />by the Developer to (A) pay the principal of and interest on the Bonds or (B) reimburse <br />the issuer of the Letter of Credit or the EDC Letter of Credit, and any alternate or <br />replacement Letter of Credit or EDC Letter of Credit for any payments of interest on or <br />principal of the Bonds and the EDC Bonds, respectively (including accrued interest on <br />any Bonds and EDC Bonds purchased or redeemed prior to maturity). Notwithstanding <br />anything contained herein to the contrary, the obligation of the Commission to reimburse <br />the issuer of the Letter of Credit or the EDC Letter of Credit shall not extend beyond the <br />term of the Bonds or the EDC Bonds and, with respect to the Developer, the Recovery <br />Period. <br />(b) General Account. The remaining amounts in the Project Tax Increment <br />Revenue Account shall be deposited into the General Account of Allocation Fund and <br />available only to do one (1) or more of the following: <br />(i) pay the principal of and interest on any obligations (including the Bonds <br />and the EDC Bonds) payable solely from allocated tax proceeds which are <br />incurred by the Redevelopment District for the purpose of financing or <br />refinancing the redevelopment of the Allocation Area; <br />(ii) establish, augment, or restore the debt service reserve for bonds (including <br />the Bonds and the EDC Bonds) payable solely or in part from allocated <br />tax proceeds in the Allocation Area; <br />(iii) pay the principal of and interest on bonds payable from allocated tax <br />proceeds in the Allocation Area; <br />(iv) pay the principal of and interest on bonds issued by the City to pay for <br />local public improvements in or serving the Allocation Area; <br />(v) pay premiums on the redemption before maturity of bonds payable solely <br />or in part from allocated tax proceeds in the Allocation Area; <br />(vi) make payments on leases payable from allocated tax proceeds in the <br />Allocation Area under Section 25.2 of the Act; <br />(vii) reimburse the City for expenditures made by the City for local public <br />improvements (which include buildings, parking facilities, and other items <br />BDDBOI 33020845 - % - <br />