Proceeds of Bonds; Lien on Trust Estate. The Agency shall use the proceeds of the Bonds solely for the purposes described in the Fiscal Agent Agreement. None of the proceeds of the Bond will be used to provide inventories, raw materials or working capital for the Agency. The Agency shall do or cause the Fiscal Agent to do all things necessary to maintain the Fiscal Agent’s perfected liens on the Housing Set-Aside Amounts in accordance with the provisions of the Senior Lien Fiscal Agent Agreement and on the Subordinate Housing Set-Aside Amounts in accordance with the provisions of the Fiscal Agent Agreement.
Appears in 4 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement
