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SECOND DRAFT - November 23, 1992 <br />by the Escrow Agent, for application for proper purposes provided for in this <br />Agreement. <br />3. The County represents that the Obligations, including the <br />interest to be earned thereon, and the cash, if any, referred to in Paragraph 1 <br />hereof will be sufficient for the following purposes at the following times: <br />(a) Payment of the interest due on the <br />Refunded 1985 Bonds in accordance with terms thereof and <br />of the Series 1985 Bonds Enabling Resolution on March 1 <br />and September 1 of each of the years 1993 through 1995, <br />both inclusive; <br />(b) Payment on September 1 of each of the <br />years 1993 through 1995, both inclusive, of the <br />principal of the Refunded Series 1985 Bonds stated to <br />mature on each such date, in accordance with terms <br />thereof and of the Series 1985 Bonds Enabling <br />Resolution; <br />(c) Payment on September 1, 1995, of the <br />redemption price of the Refunded Series 1985 Bonds that <br />are stated to mature after September 1, 1995, which the <br />County heretofore has elected to redeem on such date, in <br />accordance with terms thereof and of the Series 1985 <br />Bonds Resolution; <br />- 7 - <br />