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l I► S <br />of the Bonds, to the extent that the same are not <br />inconsistent with the provisions of this <br />Resolution shall be deemed to be for the benefit, <br />protection and security for the payment of the <br />Notes and for the !-folders thereof in like manner <br />as applicable to the Bonds for the benefit of the <br />holders thereof. <br />(iii) Sale of Bonds. The Issuer shall in <br />000d faith endeavor to make timely sale and <br />delivery of the Bonds to the Government in order <br />to have funds available to pay the Notes and the <br />interest thereon as the same become due. <br />(iv) Arbitrage. The Issuer covenants with <br />purchasers of the issue that is c")r i sed of the <br />Notes that the Issuer will make no use of the <br />proceeds of such issue that, if such use had been <br />reasonably expected on the date of issuance of <br />such issue, would have caused such issue to be <br />arbitrage bonds, and the Issuer also covenants to <br />comply with the requirements of Section 103(c) of <br />the Internal Revenue Code of 1954, as amended, and <br />with Sections 1.103-13, 1.103-14 and 1.103-15 of <br />the applicable regulations heretofore published in <br />the Federal Register or with such other <br />regulations implementing said Section 103(c), if <br />and to the extent applicable, throughouL the term <br />of such issue. <br />-33- <br />