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the laws of the State of Indiana and in national banking <br />associations having their principal banking offices in the <br />State of Indiana, including the Trustee, provided such <br />certificates of deposit do not exceed in the aggregate ten <br />percent (10%) of the combined capital, surplus and undivided <br />profits of any such bank or association and that each such <br />bank or association has a combined capital and surplus of at <br />least $25,000,000; and provided further that such <br />certificates of deposit are insured by the Federal Deposit <br />Insurance Authority or the Federal Savings and Loan <br />Insurance Authority or, to the extent not so insured, <br />collateralized by interest-bearing obligations described in <br />clause (i) above in which the Trustee has a perfected <br />security interest; or (iii) repurchase agreements, entered <br />into with banks and mutual savings banks incorporated under <br />the laws of the State of Indiana and in national banking <br />associations having their principal banking offices in the <br />State of Indiana, including the Trustee, that are fully <br />collateralized by interest-bearing obligations described in <br />clause (i) above based upon the market value of such <br />obligations on the day such agreement becomes effective, in <br />which the Trustee has a perfected security interest. <br />(q) "Redemption price," with respect to the Bonds <br />outstanding under this Agreement, means the price at which <br />the Bonds are redeemable as set forth in Article IV of this <br />Agreement. <br />(r) "Sinking Fund" means the Sinking Fund created and <br />established by Section 3.03. <br />(s) "Trustee" means and includes not only the Trustee <br />but also its successor or successors in trust. <br /> <br />~''~ <br /> <br /> <br /> <br /> <br /> <br />(t) Unless the context shall clearly otherwise <br />indicate, words importing the singular number shall include <br />the plural number in each case, and vice versa, and words <br />importing persons shall include firms and corporations, and <br />terms employed in the disjunctive form shall be deemed to be <br />employed also in the conjunctive form and vice versa. <br />ARTICLE III. <br />Funds <br />Sec. 3.01. The sum of Four Million Five Hundred Forty-Six <br />Thousand Four Hundred Forty and 80/100 Dollars ($4,546,440.80) of <br />the proceeds received from the sale of such Bonds by the Trustee <br />shall be deposited into the Escrow Fund established and created <br />by an "Irrevocable Escrow Deposit Agreement" entered into between <br />E-5 <br />