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4P Escrow of Funds. In conjunction with the issuance of revenue bonds (the "Bonds") by the County to finance the acquisition of the Uuid and the closing on the acquisition thereof by the County, the County shall transfer or cause to be transferred to the Capital Reserve Account Agent the amount of $2,000,000.00 to be held in escrow and deposited in a separate escrow account maintained in the State of Florida (the "Capital Reserve Account"), invested and disbursed as provided herein. Investment. Funds in the Capital Reserve Account shall be invested at the direction of the Dodgers in such invcstrnents which are legal investments for County funds which are set forth in Exhibit "B" attached hereto and made a part hereof, as same may be amended by the County from time to time. Interest earnings on such funds shall be deposited to the Capital Reserve Account and disbursed as provided in Section 3 hereof. Disbursement. Funds on deposit in the Capital Reserve Account shall be disbursed by the Capital Reserve Account Agent solely upon fulfillment of the following conditions: (a) Subject to there not having occurred an event as set forth in paragraph (b) of this Section 3, upon submission of a Requisition Request in the fomt attached hereto as Exhibit "C", the Capital Reserve Account Agent is authorized and directed to pay to the payee designated in such Requisition Request the amount designated for such payment from amounts on deposit in the Capital Reserve Account, including any investment earnings thereon. (b) Upon telephonic notice from the County, to be promptly confirmed in writing, that a default. by the Dodgers has occurred under the Lease and the County has terminated the Lease as set forth in Section 10.04 of the Lease, moneys on deposit in the Capital Reserve Account thereupon, including, any investment earnings die rcon, shall be held by the Capital Reserve Account Agent for the exclusive benefit of the County and disbursed to the County in accordance with written instructions from the County Administrator or his designee. 4. Authorized Uses of Funds in the Capital Reserve Account. The funds held in the Capital Reserve Account may be used solely for the limited purposes set forth herein. Any Requisition submitted by the Dodgers to the County for approval shall constitute an affsrsmative statement by the Dodgers that all items for which payment is requested under the Requisition is for a use permitted by this Section 4. Permitted uses shall consist of two categories, (i) any component of the Improvements as set forth in the Development Agreement, and (ii) costs related to a repair or replacement of any component of the Facility. The costs of all components of the Improvements shall first be paid from fi.tnds on deposit in the Construction Fund funded with proceeds of the Bonds, and then from the Capital Reserve Account rather than with funds provided by the Dodgers. The County agrees to approve such Requisitions upon delivery of the back-up material required to be submitted with all Requisitions for costs of a component of the Improvements.