Deposit in Net Proceeds Fund. The District shall remit promptly to the Trustee any Net Proceeds received by the District and the Trustee, pursuant to Section 7.01 of the Trust Agreement, shall deposit such Net Proceeds of insurance which it receives in the Net Proceeds Fund as provided in Section 5.3 hereof (regarding casualty and theft insurance) and Section 5.5 hereof (regarding title insurance) promptly upon receipt thereof. The District and/or the Lessor shall transfer to the Trustee any other Net Proceeds received by the District and/or Lessor in the event of any accident, destruction, theft or taking by eminent domain or condemnation with respect to the Property or Project, for deposit in the Net Proceeds Fund.
