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,. r . _. <br />• shall be used for the payment of principal of the Bonds in a corresponding amount either by <br />redemption of Bonds or by purchase of Bonds as authorized herein. <br />2. The Grant Amount shall be deposited into an escrow account established with <br />the Trustee. The President and Secretary-Treasurer of the Authority are authorized to execute and <br />attest, respectively, an escrow agreement to be prepared by counsel in a form acceptable to such <br />officers, said officers' execution and attestation thereof to be conclusive evidence of their approval <br />of such agreement, and such other documents as may be necessary, if any, to provide for the escrow <br />of the Grant Amount for the purposes described herein. <br />3. The Authority hereby directs the Trustee to contact First Chicago Capital <br />Markets, Inc., the Remarketing Agent for the Bonds (the "Remarketing Agent"), for the purpose. of <br />making available the Grant Amount to purchase a corresponding amount of Bonds as soon as <br />• reasonably possible upon such Bonds being put to the Remarketing Agent for remarketing. In the <br />event it is not possible to acquire Bonds in this manner within a reasonable time period, the President <br />and Secretary-Treasurer are hereby authorized to provide a notice of redemption to the Trustee and <br />the Trustee shall be directed to redeem a corresponding amount of Bonds all in accordance with the <br />terms of the Trust Indenture. <br />4. This resolution shall be in full force and effect after its adoption by the <br />Authority. <br /> <br />~**** <br />-2- <br />:ODMA\PCDOCS\SBDOCS 1 \ 10295\ 1 <br />