Common use of Disbursements from Acquisition Account Clause in Contracts

Disbursements from Acquisition Account. The portion of the proceeds of the sale and delivery of the 2023 Series N Bonds deposited into the 2023 Series N subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2023 Series N Xxxxxx Xxx Certificates backed by 2023 Series N Mortgage Loans, (ii) up to $25,000,000 of 2023 Series N Governmental Mortgage Loans, and (iii) up to $7,800,000 of Second Mortgage Loans. Such 2023 Series N Xxxxxx Xxx Certificates shall be purchased on or after the Closing Date at a purchase price of par plus accrued interest thereon. The par amount of such 2023 Series N Xxxxxx Xxx Certificates shall be paid from the 2023 Series N subaccount of the Acquisition Account and any accrued interest on such 2023 Series N Xxxxxx Xxx Certificates shall be paid from the 2023 Series N subaccount of the Revenue Fund. The 2023 Series N Governmental Mortgage Loans and any Second Mortgage Loans shall be purchased at par and paid from the 2023 Series N subaccount of the Acquisition Account.

Disbursements from Acquisition Account. The portion of the proceeds of the sale and delivery of the 2023 2024 Series N C Bonds deposited into the 2023 2024 Series N C subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2023 2024 Series N C Xxxxxx Xxx Certificates backed by 2023 2024 Series N C Mortgage Loans, (ii) up to $25,000,000 of 2023 2024 Series N C Governmental Mortgage Loans, and (iii) up to $7,800,000 5,000,000 of Second Mortgage Loans. Such 2023 2024 Series N C Xxxxxx Xxx Certificates shall be purchased on or after the Closing Date at a purchase price of par plus accrued interest thereon. The par amount of such 2023 2024 Series N C Xxxxxx Xxx Certificates shall be paid from the 2023 2024 Series N C subaccount of the Acquisition Account and any accrued interest on such 2023 2024 Series N C Xxxxxx Xxx Certificates shall be paid from the 2023 2024 Series N C subaccount of the Revenue Fund. The 2023 2024 Series N C Governmental Mortgage Loans and any Second Mortgage Loans shall be purchased at par and paid from the 2023 2024 Series N C subaccount of the Acquisition Account.

Disbursements from Acquisition Account. The portion of the proceeds of the sale and delivery of the 2023 Series N Q Bonds deposited into the 2023 Series N Q subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2023 Series N Q Xxxxxx Xxx Certificates backed by 2023 Series N Q Mortgage Loans, (ii) up to $25,000,000 20,000,000 of 2023 Series N Q Governmental Mortgage Loans, and (iii) up to $7,800,000 5,600,000 of Second Mortgage Loans. Such 2023 Series N Q Xxxxxx Xxx Certificates shall be purchased on or after the Closing Date at a purchase price of par plus accrued interest thereon. The par amount of such 2023 Series N Q Xxxxxx Xxx Certificates shall be paid from the 2023 Series N Q subaccount of the Acquisition Account and any accrued interest on such 2023 Series N Q Xxxxxx Xxx Certificates shall be paid from the 2023 Series N Q subaccount of the Revenue Fund. The 2023 Series N Q Governmental Mortgage Loans and any Second Mortgage Loans shall be purchased at par and paid from the 2023 Series N Q subaccount of the Acquisition Account.

Disbursements from Acquisition Account. The portion of the proceeds of the sale and delivery of the 2023 2024 Series N B Bonds deposited into the 2023 2024 Series N B subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2023 2024 Series N B Xxxxxx Xxx Certificates backed by 2023 2024 Series N B Mortgage Loans, (ii) up to $25,000,000 20,000,000 of 2023 2024 Series N B Governmental Mortgage Loans, and (iii) up to $7,800,000 5,600,000 of Second Mortgage Loans. Such 2023 2024 Series N B Xxxxxx Xxx Certificates shall be purchased on or after the Closing Date at a purchase price of par plus accrued interest thereon. The par amount of such 2023 2024 Series N B Xxxxxx Xxx Certificates shall be paid from the 2023 2024 Series N B subaccount of the Acquisition Account and any accrued interest on such 2023 2024 Series N B Xxxxxx Xxx Certificates shall be paid from the 2023 2024 Series N B subaccount of the Revenue Fund. The 2023 2024 Series N B Governmental Mortgage Loans and any Second Mortgage Loans shall be purchased at par and paid from the 2023 2024 Series N B subaccount of the Acquisition Account.