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2A 222 <br />when such funds are required to be available for the purposes <br />hereof, if such time can be determined. <br />�® Lessor and Lessee jointly and severally convenant that <br />a the moneys held in the Project Fund and in the.Bond Fund, <br />%and any other amounts received by the Lessor in respect to <br />property directly or indirectly financed with any proceeds <br />of such Bonds, and proceeds from interest earned on the <br />investment and reinvestment of such funds and proceeds, <br />,shall not be invested or otherwise used in a manner which, <br />if such use had been reasonably expected on the date of <br />ia!iie of such Bonds, would have caused such Bonds to be <br />"arbitrage bonds" within the meaning of Section 103(d) of <br />the Internal Revenue Code or any of the regulations or rules <br />adoptedtpursuant to said Section 103(d). Any such investment <br />or otherwus'e shall comply with Section 103(d) of the Internal <br />Revenue Code.and such regulations or rules adopted pursuant <br />to said Section 103(d), as may be applicable. <br />As provided in the Indenture, any profit or loss on <br />account of the investments from the BondFundor Project <br />Fund shall be credited or charged, as the case may be, to <br />the fund from which the investments were made. <br />(End of Article IV) <br />IV-9 <br />