Control of Reserve Fund. All funds credited to the Reserve Fund shall be in the name and under the control of MBDC. MBDC may not withdraw funds from the Reserve Fund except as is specifically provided for in the Agreement. Interest or income earned on the funds in the Reserve Fund shall be deemed to be part of the Reserve Fund. However, MBDC is authorized to withdraw at any time from the Reserve Fund all or a portion of that amount of funds, which is equal to all interest or income that has been credited to the Reserve Fund and not previously withdrawn by MBDC. Any funds so withdrawn may be used by MBDC to defray general administrative costs associated with the Program, and may be withdrawn prior to paying any Claim under Section 5.4, and none of such amounts so withdrawn shall ever by required to be transferred back to the Reserve Fund.
Control of Reserve Fund. All funds credited to the Reserve Fund shall be in the name and under the control of BDC. BDC may not withdraw funds from the Reserve Fund except as is specifically provided for in this Agreement and the Act.
