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• ARTICLE IV Revenues and Funds Section 4.01. Creation of Funds and Accounts. The following funds and separate accounts within the funds are hereby created for the Bonds and shall be held and maintained for the holders of the Bonds and, to the extent provided herein, the Credit Facility Provider by the Trustee under this Indenture: Revenue Fund; Debt Servic,, Fund: Interest Account; Principal Account.; Purchase Account; and Rebate Fund The complete designation of each such fund or account shall consist of the words "Indian River County, Florida, Revenue Refunding Bonds, Florida Convalescent Centers Series 198- " preceding the name of such fund or account. The Debt Service Fund shall be held in the custody of the Registrar and Paying Agent in trust for the benefit of the holders of the Bonds and, to the extent provided herein, the Credit Facility Provider; provided, however, that upon the occurrence of an Event of Default, the Debt Service Fund shall be transferred to the Trustee upon the request of the Trustee. For the purposes of internal accounting, any fund or account created by this Indenture may contain one or more subaccounts, as the Trustee may deem proper. Section 4.02. Application of Proceeds of Bonds. The proceeds of the Bonds shall be received by the Trustee on behalf of the Issuer and held by the Trustee in trust for the holders from time to time of the Bonds subject to and in accordance with the terms and conditions of this Indenture. Upon receipt of a certificate from the trustee (the "Prior Bonds Trustee") under the Indenture of Trust dated as of August 1, 1986 (the "Prior Bonds Indenture") authorizing the issuance of the Issuer's $4,800,000 Industrial Development Revenue Bond Series 1986 (Florida Convalescent Centers, Inc. Project (the "Prior Bonds") to the effect that upon transfer to it of $4,800,000, the Prior Bonds Indenture will be discharged and the Prior Bonds will be deemed paid and discharged in accordance with their terms and the Prior Bonds Indenture, the Trustee shall immediately pay over and disburse to the Prior Bonds Trustee the $4,800,000 constituting the proceeds from the sale of the Bonds. Section 4.03. Bonds Not to be Arbitrage Bonds. The Issuer covenants that it will not make, or (to the extent it exercises control or direction) permit to be made, any use of the proceeds of the Bonds, or of any moneys, securities or other obligations that may be deemed to be 31