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• (d) The Escrow Agent, as Prior Trustee, upon investment in the Governmental <br />Obligations pursuant to Section 4(a), shall publish, within thirty (30) days of such deposit, the notice <br />required by Section 8.01 of the Prior Trust Agreement to be published upon investment in the <br />Governmental Obligations. Form of such notice is set forth at Exhibit C. <br />Section 8. Application of Escrow Fund After Payment of Prior Bonds. After <br />payment of the principal of and interest and redemption premium on the Prior Bonds, all remaining <br />moneys in the Escrow Fund together with any increment thereto and interest earned thereon, shall <br />be transferred promptly by the Escrow Trustee to the 1998 Sinking Fund established under the Trust <br />Agreement, except for an amount sufficient to pay, when presented for payment, any Prior Bonds <br />which have not been presented for payment, which amount shall be held by the Escrow Trustee <br />pursuant to the requirements of the Prior Trust Agreement and in accordance with Indiana law. <br />• Section 9. Tax Covenants. The Authority and the Escrow Trustee covenant that <br />the proceeds from the sale of the Bonds, any moneys attributable to the proceeds of the Prior Bonds, <br />amounts received from the investment of the proceeds of the Bonds and the Prior Bonds .and any <br />other amounts treated as proceeds of the Bonds under the provisions. of Section 103 and 148 of the <br />Internal Revenue Code of 1986, as amended (the "Code"), or any of the regulations and rules <br />adopted pursuant thereto shall not be invested or otherwise used in a manner which would cause the <br />Bonds to be "arbitrage bonds" within the meaning of such Section 148 and such regulations or rules <br />adopted pursuant to such Section 148 as may be applicable. In addition, the Authority and the <br />Escrow Trustee covenant and agree to take all actions necessary from time to time to comply with <br />all applicable provisions of the Code or any successor thereto and the regulations promulgated <br />• <br />::ODMA\I'CDOCS\SBDOCS (\24205\2 "9" <br />