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Section 4.1 Loan Repayment; Delivery of Promissory Note. Upon the terms and conditions
of this Loan Agreement and the Promissory Note, the Issuer will make the Loan to the Borrower. In
consideration of and in repayment of the Loan, the Borrower shall deliver or cause to be delivered to the
Trustee, on or before each Loan Payment Date, Loan Payments equal to the amount necessary to pay Bond
Debt Service Charges due on the next Bond Payment Date for the Bonds. All such Loan Payments shall
be paid to the Trustee in accordance with the terms of the Promissory Note for the account of the Issuer and
shall be held and disbursed in accordance with the provisions of the Indenture and this Loan Agreement.
The Borrower shall be entitled to a credit against the Loan Payments required to be made hereunder,
on any date, equal to the amounts, if any, transferred by the Trustee from the Interest Account of the Bond
Fund, the Project Fund or the Collateral Fund on such date for the payment of Bond Debt Service Charges.
To secure the Borrower鈥檚 performance of its obligations under this Loan Agreement, the Borrower
shall execute and deliver, concurrently with the issuance and delivery of the Bonds, the Promissory Note
and the Regulatory Agreement.
Upon payment in full of the Bond Debt Service Charges on any or all of the Bonds, in accordance
with the Indenture, whether at maturity, upon acceleration or otherwise, or upon provision for the payment
of all other obligations herein and therein having been made in accordance with the provisions of the
Indenture, (a) if with respect to less than all of the Bonds then Outstanding, an appropriate notation shall
be endorsed on the Promissory Note evidencing the date and amount of the principal payment (or
prepayment) equal to the Bonds so paid, or with respect to which provision for payment has been made;
and (b) with respect to all of the Bonds then Outstanding, the Promissory Note shall be deemed fully paid,
the obligations of the Borrower shall be terminated, and the Promissory Note shall be surrendered by the
Trustee to the Borrower for cancellation. Unless the Borrower is entitled to a credit under express terms of
this Loan Agreement or the Promissory Note, all payments on the Promissory Note shall be in the full
amount required thereunder.
The Borrower and the Issuer each acknowledge that neither the Borrower nor the Issuer has any
interest in the Bond Fund or the Collateral Fund and any money deposited therein shall be in the custody
of and held by the Trustee in trust for the benefit of the Holders.
Section 4.2 Additional Payments. The Borrower shall pay to the Issuer or the Trustee, as the
case may be, as Additional Payments hereunder the following:
(a) To the Issuer or the Trustee, as the case may be, whether or not an Event of Default has
occurred hereunder, as payment for or reimbursement or prepayment of any and all costs, expenses, and
liabilities (1) incurred or paid by the Issuer or the Trustee, as the case may be, in satisfaction of any
obligations of the Borrower hereunder not performed by the Borrower in accordance with the provisions
hereof; (2) incurred as a result of a request by the Borrower or of a requirement of any Borrower Document
or the Indenture and not otherwise required to be paid by the Borrower under this Loan Agreement;
(3) incurred in the defense of any action or proceeding with respect to the Project or any Borrower
Document, or in enforcing any Borrower Document, or arising out of or based upon any other document
related to the issuance of the Bonds; or (4) any rebate amount required with respect to the Bonds as required
by the Indenture or the Tax Certificate.
(b) To the applicable party, as payment for or reimbursement or prepayment of any Ordinary
Services and Ordinary Expenses and Extraordinary Services and Extraordinary Expenses of the Trustee as
trustee, registrar, authenticating agent and paying agent, and of any other paying agent, authenticating agent,
and registrar on the Bonds under the Indenture, all as provided in the Indenture, as and when the same
become due; provided that the Borrower may, without creating an Event of Default hereunder, contest in
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