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• ARTICLE III GENERAL AGREEMENTS; AMOUNTS PAYABLE; TIMES AND MANNER OF PAYMENT Section 3.01, loan of Bond Proceeds: Term of Loan Agreement. The Issuer shall loan to the Borrower the proceeds of sale of the Bonds by depositing the net proceeds of the sale of the Bonds in accordance with the Indenture. Neither the Issuer nor the Borrower shall have any legal or equitable interest in the proceeds of the Bonds or any proceeds of any investment thereof except to require their application in the manner and under the terms and conditions set forth in the Indenture. This Loan Agreement shall remain in full force and effect from the date of its execution and delivery until the date on which the principal or Redemption Price of and interest on the Bonds and all Administrative Expenditures shall have been fully paid by or on behalf of the Borrower or provision for the payment thereof shall have been made by or on behalf of the Borrower as provided by the Indenture, at which time this Loan Agreement shall terminate and the Issuer shall release and cancel this Loan Agreement. Section 3.02. Amounts Payable. (a) The Borrower shall pay or cause to be paid to the Trustee, as and when the same shall become due and payable in accordance with the terms of the Bonds, the Indenture and this Section, an amount equal to the sum of: (i) the total interest becoming due on all Bonds to the respective dates of payment thereof; (ii) the total principal amount of the Bonds; (iii) all redemption premiums (if any) payable on the redemption of Bonds prior to stated maturity dates; and (iv) the purchase price of Bonds required to be purchased on any Tender Date, in each case less any amount available for such payments from the funds and accounts established under the Indenture. (b) In addition, the Borrower shall pay the Administrative Expenditures. (c) All such amounts shall be paid to the Trustee, the Issuer or the Credit Facility Provider at the times referred to in paragraph (a) of this Section and as follows: (i) So long as the Credit Facility shall be in effect: (A) amounts realized by the Registrar and Paying Agent or the Trustee under the Credit Facility and proceeds of the remarketing of the Bonds received by the Registrar and Paying Agent for the payment of the principal or Redemption price of or interest on, or the purchase price of, the Bonds shall be credited against the obligation of the Borrower to make such payments hereunder; (B) amounts payable to the Credit Facility Provider, including (without limitation) the - 12 -