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 2024 Series C Bonds deposited into the 2024 Series C subaccount of the Acquisition Account pursuant to Section 4.1 hereof shall be applied to purchase (i) 2024 Series C Xxxxxx Xxx Certificates backed by 2024 Series C Mortgage Loans, (ii) up to 25,000,000 of 2024 Series C Governmental Mortgage Loans, and (iii) up to $5,000,000 of Second Mortgage Loans. Such 2024 Series 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 2024 Series C Xxxxxx Xxx Certificates shall be paid from the 2024 Series C subaccount of the Acquisition Account and any accrued interest on such 2024 Series C Xxxxxx Xxx Certificates shall be paid from the 2024 Series C subaccount of the Revenue Fund. The 2024 Series C Governmental Mortgage Loans and any Second Mortgage Loans shall be purchased at par and paid from the 2024 Series C subaccount of the Acquisition Account.

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

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

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