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AGREEMENT <br />NOW, THEREFORE, in consideration of the premises set forth in the Recitals <br />above and the mutual covenants and agreements herein contained, the Authority and the Trustee <br />agree as follows: <br />Section 1. Definitions. In addition to the terms hereinafter defined, the following <br />terms mean: <br />(a) "Aggregate Debt Service" means, as of any date, the sum of the Annual Debt <br />Service remaining unpaid in the current year and all future years, as shown at Exhibit A attached <br />hereto. <br />(b) "Agreement" means this Irrevocable Escrow Deposit Agreement. <br />(c) "Blackthorn Golf Course Project" means the real estate acquired and public <br />• improvements constructed thereon by the Authority and financed by the Prior Bonds. <br />{d) "Annual Debt Service" means, m any year, the interest on the tcerunaea <br />Bonds coming due in such year, and the principal of and premium, if any, with respect to the <br />Refunded Bonds called for redemption in such year, as shown at Exhibit A attached hereto. <br />(e) "Escrow Fund' means the fund established and held by the Escrow Trustee <br />pursuant to this Agreement, in which a portion of the proceeds derived from the sale of the Bonds <br />will be deposited for payment of the Prior Bonds. <br />(f) "Prior Trust Agreement" means the trust agreement between the Authority <br />and the Prior Trustee dated as of October 1, 1992. <br />r~ <br />U <br />::ODMA\PCDOCS\SBDOCS 1\24205\2 _3 <br />