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oa -ix <br />oax' <br />�oa�x <br />* IUD -3080a (Cont'd) <br />(1]. -b5) <br />and shcll not be valid until said statement is duly executed on behalf of the <br />Government. Said Project Te=gra �r�n, pct rh delivered by the ' <br />y <br />Y r � 4 € '; C, '�. =,�_ <, ' w w ..� �, �F to the Government <br />Yie tae c ar�c�a-�d for y t e Government in accordance with the terms and <br />conditions contained in said New Requisition. A reement. <br />S etion 8. The proceeds derived from the sale of the New Preliminary <br />Loan cs, ogether with such amount of other appropriate funds of the Local. <br />Public Agency as may be necessary, shall be applied, simultaneously with the <br />receipt of said proceeds, as follows <br />First: To the payment and discharge of the principal of <br />and interest on the following Project Temporary <br />Loan Notes of the Local Public Agency issued <br />pursuant to the Loan and Grant Contract and held <br />or to be held by the Government for its own use <br />and - benefit on the date of -.the New Preliminary <br />Loan.Notes,herein authorized; <br />or .fund <br />on-I.y in <br />Second: Pursuant to the provisions of the Outstanding <br />Requisition Agreement, the following amount shall <br />be paid to the paying agent named below, for the <br />sole and only purpose of paying the principal of <br />and interest to maturity upon the designated <br />Series of Outstanding Preliminary Loan Notes of <br />the Local Public Agency; <br />Amount Paying Agent Series <br />wiry n.g . +..,,tea <br />r balance of such proceeds shall be deposited in the appropriate account <br />established purr: *,,rant to the Loan and Grant Contract and shall be used <br />a.ccorrl.^nce with t.hc provisions of the Loan and Grant Contract. <br />ors -ix <br />