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~ of the County otller thaii the lien on the Secul-ity created by this Agreement in favor of the <br />? Ti-tistee. ~ <br />3 <br />`~ ere is no action, suit or proceedin ~ <br />~ ireatened a i ~ ending, or to the knowledge of the County <br />~~ ectin~ the Cou ore any cou. r arbitrator or any governmental <br />6 body, agency or official in which there is a reasonable p ~ i it of an a <br />~ which would in any way adversely affect the validity or enforceabi ity of this Agreement on <br />~~ <br />11 <br />1 <br />3 <br />4 <br />] <br />16 <br />17~ <br />18 <br />~ 19 <br />A E IV <br />20 ESTABLISHMENT AND USE OF FUNDS <br />21 <br />~ 22 SECTION 401. ESTABLISHMENT OF FUNDS; DISPOSIT[ON OF CERTIFIC <br />2~ There are hereby established with the Trustee the following trust funds: ATE PROCEE~s. <br />24 <br />`s (i) the Certificate Pa <br />26 yment Fund, including as subaccounts thereof the Credit Facility <br />Account and the Debt Service Account• a~i~l <br />27 ~ .:.:.. ::: <br />28 <br />29 (ii) the Project Fund;--a~} <br />30 <br />31 <br />'2 By executing and delivering a Supplemental Agreement (whether or not in connection wi <br />33 the issuance of a series of Additional Certificates), the County may establish with the Trustee such <br />34 other funds as it may determine are necessary or appropriate. h <br />35 <br />36 On the date of execution and delivery of the 1998 Certificates, the net proceeds derived fro <br />37 the sale thereof shall be delivered to the Trustee and applied as follows: m <br />38 <br />39 <br />40 ~a) ~ amount equal to the accrued interest paid by the initial purchasers of the 1998 <br />Certificates shall be deposited into the Debt Service Account of the Certificate Payment <br />4 j Fund; <br />42 <br />~_ <br />FINANCING AND TRUST AGREEMENT <br />PAGE 26 <br />