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r <br />8 <br />receipt in a separate identifiable account (the "Loan <br />Repayment Account") with a financial institution whose <br />deposits or accounts are Federally insured. The Loan <br />Repayment Account shall be established and designated as <br />prescribed in the attached form document entitled "Letter <br />Agreement for Section 108 Loan Guarantee Program Deposit <br />Account" (Attachment 1) and shall be maintained for such <br />pledged funds. The Loan Repayment Account need only be <br />established if and when the Borrower receives amounts pledged <br />pursuant to paragraph 5(b), 5(c) or 5(d). Such Letter <br />Agreement must be executed when the Loan Repayment Account is <br />established. (A fully executed copy of such Letter Agreement <br />shall be submitted to the Secretary within thirty days of its <br />execution.) Borrower shall make withdrawals from said <br />account only for the purpose of paying interest-and principal <br />due on the Note (including the purchase of Government <br />Obligations in accordance with paragraph 10 hereof), for <br />payment of any other obligation of the Borrower under this <br />Contract or the Fiscal Agency/Trust Agreements, or for the. <br />temporary investment of funds pursuant to this paragraph, <br />until final payment and discharge of the indebtedness <br />evidenced by the Note, unless otherwise expressly authorized <br />by the Secretary in writing. Such temporary investment of <br />funds shall be required within three Business Days after the <br />balance of deposited funds exceeds the amount of the Federal <br />deposit insurance on the Loan Repayment Account. At that <br />time, the balance of funds in the Loan Repayment Account <br />exceeding such insurance coverage shall be fully (1000) and <br />continuously invested in Government Obligations, as defined <br />in paragraph 10 hereof. <br />All temporary investments, whether or not required as above, <br />shall be limited to Government Obligations having maturities <br />that are consistent with cash requirements for payment of <br />principal and interest as required under the Note. In no <br />event shall the maturities of such investments exceed one <br />year. All such investments shall be held in trust for the <br />benefit of the Secretary by the above financial institution <br />in an account (the."Loan Repayment Investment Account") <br />established and designated as prescribed in the attached form <br />document entitled "Letter Agreement for Section 108 Loan <br />Guarantee Program Investment Account" (Attachment 2), which <br />account shall be maintained for all Government Obligations <br />purchased with funds from the Loan Repayment Account. Such <br />Letter Agreement must be executed when the Loan Repayment <br />Investment Account is established. (A fully executed copy of <br />such Letter Agreement shall be submitted to the Secretary <br />within thirty days of its execution.) All proceeds and <br />income derived from such investments shall be returned to the <br />Loan Repayment Account. <br />(b) Borrower shall by the fifteenth day of each month, <br />provide the Secretary with a written statement showing the <br />