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service charges as they come due, are to be paid by the Company directly <br />to the Trustee for the account of the Issuer and deposited in the Bond Fund. <br />There is hereby created by the Issuer and ordered maintained as <br />a separate deposit account (except when invested as hereinafter provided) <br />in the custody of the Trustee, a trust fund to be designated "City of South <br />Bend - South Bend Forge, Inc. Revenue Bond Fund" (the "Bond Fund "). The <br />Bond Fund (and accounts therein provided for in the Indenture or in the <br />Agreement) and the moneys and investments therein are hereby pledged to <br />and shall be used solely and exclusively for the payment of Bond service <br />charges as they fall due at stated maturity or by redemption, all as provided <br />herein and in the Indenture and the Agreement, provided that no part thereof <br />(except as may otherwise be provided for herein, in the Indenture or the <br />Agreement) shall be used to redeem, prior to maturity, any Bonds. <br />No later than one business day prior to a date when Bond service <br />charges are due and payable, the Trustee shall transmit from moneys in the <br />Bond Fund applicable thereto to any other Paying Agents, as appropriate, <br />amounts sufficient to meet payments to be made by them of Bond service <br />charges to be then due and payable; provided that to the extent that the <br />amount needed by any other Paying Agent is not sufficiently predictable, <br />the Trustee may make such credit arrangements with such Paying Agent as <br />to permit meeting such payments. <br />There shall be deposited into the Bond Fund (and credited, if <br />required by the Indenture or Agreement, to appropriate accounts therein), <br />as and when received, (a) all Loan Payments and (b) all other Pledged <br />Receipts. <br />The Issuer hereby covenants and agrees that so long as any of the <br />Bonds are outstanding it will deposit, or cause to be deposited, in the <br />Bond Fund, Pledged Receipts sufficient in time and amount to pay the Bond <br />service charges as the same become due and payable, and to this end the <br />Issuer covenants and agrees that, so long as any Bonds are outstanding, <br />- 15 - <br />