Common use of ESTABLISHMENT OF CERTAIN SUBACCOUNTS Clause in Contracts

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 28 Section 5.2. Program Fund and Acquisition Account 28 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 30 Section 6.2. Additional Rating Notices 31 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 32 Section 6.4. Cross Calls of 2024 Series F Bonds 32 Section 6.5. Tax Covenant 32 Section 6.6. Covenant Regarding Targeted Areas 32 Section 6.7. Additional Defeasance Requirements 32 Section 7.1. Optional Tenders of 2024 Series F-2 Bonds in the Daily Mode or the Weekly Mode 34 Section 7.2. Mandatory Tender on Mode Change Dates 34 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 35 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 35 Section 7.5. Mandatory Purchase at the Direction of the Authority 36 Section 7.6. Remarketing of 2024 Series F-2 Bonds; Notices 37 Section 7.7. Source of Funds for Purchase of 2024 Series F-2 Bonds 38 Section 7.8. Delivery of 2024 Series F-2 Bonds 38 Section 7.9. Undelivered 2024 Series F-2 Bonds 39 Section 7.10. Inadequate Funds to Pay Purchase Price 39 Section 7.11. No Purchases or Sales After Payment Default 39 Section 7.12. Bond Purchase Fund 39 Section 7.13. Remarketing Agent 40 Section 7.14. No Tender or Mandatory Purchase upon Immediate Termination Event 41 Section 8.1. Authorization of Liquidity Facility 42 Section 8.2. Requirements for Liquidity Facility 42 Section 8.3. Alternate Liquidity Facility 42 Section 8.4. Opinions of Counsel and Other Documents 43 Section 8.5. Draws 43 Section 8.6. Rights of Liquidity Facility Provider 44 Section 8.7. Notices to Liquidity Facility Provider 45 ARTICLE IX INTEREST RATE CONTRACTS Section 9.1. Interest Rate Contract 46 Section 9.2. Obligation to Make Interest Rate Contract Payments 46 Section 9.3. Requirements for Delivery of an Alternate Interest Rate Contract 46 Section 10.1. Severability and Invalid Provisions 47 Section 10.2. Table of Contents and Section Headings Not Controlling 47 Section 10.3. Counterparts; Electronic Transactions 47 Section 10.4. Effective Date; Execution and Delivery 47 EXHIBIT A FORM OF 2024 SERIES F-1 BOND ............................................................. A-1 EXHIBIT B FORM OF 2024 SERIES F-2 BOND...............................................................B-1 This 2024F Series Indenture, dated as of October 1, 2024 (this “Series Indenture”), between the Colorado Housing and Finance Authority (the “Authority”), a body corporate and political subdivision of the State of Colorado, and Zions Bancorporation, National Association (formerly, Zions First National Bank), as Trustee (the “Trustee”), a national banking association, duly organized and existing under the laws of the United States of America, with a corporate trust office located in Denver, Colorado, and authorized under such laws to accept and execute trusts of the character herein set forth,

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 28 Section 5.2. Program Fund and Acquisition Account 28 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 30 Section 6.2. Additional Rating Notices 31 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 32 Section 6.4. Cross Calls of 2024 2023 Series F Q Bonds 32 Section 6.5. Tax Covenant 32 Section 6.6. Covenant Regarding Targeted Areas 32 Section 6.7. Additional Defeasance Requirements 32 Section 7.1. Optional Tenders of 2024 2023 Series F-2 Q-2 Bonds in the Daily Mode or the Weekly Mode 34 Section 7.2. Mandatory Tender on Mode Change Dates 34 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 35 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 35 Section 7.5. Mandatory Purchase at the Direction of the Authority 36 Section 7.6. Remarketing of 2024 2023 Series F-2 Q-2 Bonds; Notices 37 Section 7.7. Source of Funds for Purchase of 2024 2023 Series F-2 Q-2 Bonds 38 Section 7.8. Delivery of 2024 2023 Series F-2 Q-2 Bonds 38 Section 7.9. Undelivered 2024 2023 Series F-2 Q-2 Bonds 39 Section 7.10. Inadequate Funds to Pay Purchase Price 39 Section 7.11. No Purchases or Sales After Payment Default 39 Section 7.12. Bond Purchase Fund 39 Section 7.13. Remarketing Agent 40 Section 7.14. No Tender or Mandatory Purchase upon Immediate Termination Event 41 Section 8.1. Authorization of Liquidity Facility 42 Section 8.2. Requirements for Liquidity Facility 42 Section 8.3. Alternate Liquidity Facility 42 Section 8.4. Opinions of Counsel and Other Documents 43 Section 8.5. Draws 43 Section 8.6. Rights of Liquidity Facility Provider 44 45 Section 8.7. Notices to Liquidity Facility Provider 45 ARTICLE IX INTEREST RATE CONTRACTS Section 9.1. Interest Rate Contract 46 Section 9.2. Obligation to Make Interest Rate Contract Payments 46 Section 9.3. Requirements for Delivery of an Alternate Interest Rate Contract 46 Section 10.1. Severability and Invalid Provisions 47 Section 10.2. Table of Contents and Section Headings Not Controlling 47 Section 10.3. Counterparts; Electronic Transactions 47 Section 10.4. Effective Date; Execution and Delivery 47 EXHIBIT A FORM OF 2024 2023 SERIES F-1 Q-1 BOND ............................................................. ............................................................ A-1 EXHIBIT B FORM OF 2024 2023 SERIES F-2 BOND...............................................................Q-2 BOND ..............................................................B-1 This 2024F 2023Q Series Indenture, dated as of October December 1, 2024 2023 (this “Series Indenture”), between the Colorado Housing and Finance Authority (the “Authority”), a body corporate and political subdivision of the State of Colorado, and Zions Bancorporation, National Association (formerly, Zions First National Bank), as Trustee (the “Trustee”), a national banking association, duly organized and existing under the laws of the United States of America, with a corporate trust office located in Denver, Colorado, and authorized under such laws to accept and execute trusts of the character herein set forth,

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 28 Section 5.2. Program Fund and Acquisition Account 28 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 30 Section 6.2. Additional Rating Notices 31 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 32 Section 6.4. Cross Calls of 2024 2023 Series F N Bonds 32 Section 6.5. Tax Covenant 32 Section 6.6. Covenant Regarding Targeted Areas 32 Section 6.7. Additional Defeasance Requirements 32 Section 7.1. Optional Tenders of 2024 2023 Series F-2 N-2 Bonds in the Daily Mode or the Weekly Mode 34 Section 7.2. Mandatory Tender on Mode Change Dates 34 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 35 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 35 Section 7.5. Mandatory Purchase at the Direction of the Authority 36 Section 7.6. Remarketing of 2024 2023 Series F-2 N-2 Bonds; Notices 37 Section 7.7. Source of Funds for Purchase of 2024 2023 Series F-2 N-2 Bonds 38 Section 7.8. Delivery of 2024 2023 Series F-2 N-2 Bonds 38 Section 7.9. Undelivered 2024 2023 Series F-2 N-2 Bonds 39 Section 7.10. Inadequate Funds to Pay Purchase Price 39 Section 7.11. No Purchases or Sales After Payment Default 39 Section 7.12. Bond Purchase Fund 39 Section 7.13. Remarketing Agent 40 Section 7.14. No Tender or Mandatory Purchase upon Immediate Termination Event 41 40 Section 8.1. Authorization of Liquidity Facility 42 Section 8.2. Requirements for Liquidity Facility 42 Section 8.3. Alternate Liquidity Facility 42 Section 8.4. Opinions of Counsel and Other Documents 43 Section 8.5. Draws 43 Section 8.6. Rights of Liquidity Facility Provider 44 45 Section 8.7. Notices to Liquidity Facility Provider 45 ARTICLE IX INTEREST RATE CONTRACTS Section 9.1. Interest Rate Contract 46 Section 9.2. Obligation to Make Interest Rate Contract Payments 46 Section 9.3. Requirements for Delivery of an Alternate Interest Rate Contract 46 Section 10.1. Severability and Invalid Provisions 47 Section 10.2. Table of Contents and Section Headings Not Controlling 47 Section 10.3. Counterparts; Electronic Transactions 47 Section 10.4. Effective Date; Execution and Delivery 47 EXHIBIT A FORM OF 2024 2023 SERIES F-1 N-1 BOND ............................................................. ............................................................ A-1 EXHIBIT B FORM OF 2024 2023 SERIES F-2 BOND...............................................................N-2 BOND ..............................................................B-1 This 2024F 2023N Series Indenture, dated as of October September 1, 2024 2023 (this “Series Indenture”), between the Colorado Housing and Finance Authority (the “Authority”), a body corporate and political subdivision of the State of Colorado, and Zions Bancorporation, National Association (formerly, Zions First National Bank), as Trustee (the “Trustee”), a national banking association, duly organized and existing under the laws of the United States of America, with a corporate trust office located in Denver, Colorado, and authorized under such laws to accept and execute trusts of the character herein set forth,

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. 5.1 Establishment of Subaccounts 28 35 Section 5.2. 5.2 Program Fund and Acquisition Account 28 ARTICLE VI ADDITIONAL COVENANTS 36 Section 6.1. Mortgage Loans 30 Section 6.2. Additional Rating Notices 31 Section 6.3. 5.3 Limitation on Payment of Fiduciary, Fiduciary and Program Expenses and 37 Section 5.4 Investments 37 Section 5.5 Bond Purchase Fund 38 ARTICLE VI ADDITIONAL COVENANTS; Section 6.1 Additional Program Covenants 39 Section 6.2 2002 Series A Mortgage Loans 39 Section 6.3 Servicing Fees 32 42 Section 6.4. Cross Calls 6.4 Tax Covenants and Findings 42 Section 6.5 Exercise of 2024 Series F Bonds 32 Option 44 Section 6.5. Tax Covenant 32 6.6 Maintenance of Escrow Fund 44 Section 6.6. Covenant Regarding Targeted Areas 32 6.7 Insufficiency of Escrow Fund 44 Section 6.7. Additional Defeasance Requirements 32 7.1 Appointment of Tender Agent, Acceptance and Successors 45 Section 7.1. Optional Tenders 7.2 General Responsibilities of 2024 Series F-2 Bonds in the Daily Mode or the Weekly Mode 34 Tender Agent 45 Section 7.2. Mandatory Tender on Mode Change Dates 34 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 35 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 35 Section 7.5. Mandatory Purchase at the Direction of the Authority 36 Section 7.6. Remarketing of 2024 Series F-2 Bonds; Notices 37 Section 7.7. Source 7.3 Sources of Funds for the Purchase of 2024 Series F-2 Tendered Bonds 38 46 Section 7.8. Delivery 7.4 Tender Agent and Trustee 47 Section 7.5 Appointment of 2024 Series F-2 Bonds 38 Remarketing Agent, Acceptance and Successors 47 Section 7.9. Undelivered 2024 Series F-2 Bonds 39 Section 7.10. Inadequate Funds to Pay Purchase Price 39 Section 7.11. No Purchases or Sales After Payment Default 39 Section 7.12. Bond Purchase Fund 39 Section 7.13. 7.6 General Responsibilities of Remarketing Agent 40 48 Section 7.14. No Tender or Mandatory Purchase upon Immediate Termination Event 41 7.7 Remarketing and Sale of Tendered Bonds 49 Section 8.1. Authorization 7.8 Application of Proceeds from Sale of Tendered Bonds 49 Section 7.9 Determination and Notice of Interest Rate 49 ARTICLE VIII SAVRS RATE CONVERSION Section 8.1 Application of this Article 50 Section 8.2 Conversion to SAVRS Rate Bonds 50 Section 8.3 Draw on the Liquidity Facility 42 on the SAVRS Rate Conversion Date 51 Section 8.2. Requirements for Liquidity Facility 42 Section 8.3. Alternate Liquidity Facility 42 Section 8.4. Opinions of Counsel and Other Documents 43 Section 8.5. Draws 43 Section 8.6. Rights of Liquidity Facility Provider 44 Section 8.7. Notices to Liquidity Facility Provider 45 ARTICLE IX INTEREST RATE CONTRACTS Section 9.1. 9.1 Interest Rate Contract 46 52 Section 9.2. 9.2 Obligation to Make Interest Rate Contract Payments 46 52 Section 9.3. 9.3 Requirements for Delivery of an Alternate Interest Rate Contract 46 52 Section 10.1. 10.1 Approval of Investment Agreements 53 Section 10.2 Severability and Invalid Provisions 47 53 Section 10.2. 10.3 Table of Contents and Section Headings Not Controlling 47 53 Section 10.3. Counterparts; Electronic Transactions 47 10.4 Counterparts 53 Section 10.4. 10.5 Effective Date; Execution and Delivery 47 53 EXHIBIT A FORM OF 2024 2002 SERIES F-1 A-1 BOND ............................................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1 EXHIBIT B FORM OF 2024 2002 SERIES F-2 BOND...............................................................A-2 BOND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B-1 This 2024F Series Indenture, dated as of October 1, 2024 (this “Series Indenture”), between the Colorado Housing and Finance Authority (the “Authority”), a body corporate and political subdivision of the State of Colorado, and Zions Bancorporation, National Association (formerly, Zions First National Bank), as Trustee (the “Trustee”), a national banking association, duly organized and existing under the laws of the United States of America, with a corporate trust office located in Denver, Colorado, and authorized under such laws to accept and execute trusts of the character herein set forth,EXHIBIT C FORM OF 2002 SERIES A-3 BOND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C-1 EXHIBIT D FORM OF 2002 SERIES A-4 BOND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D-1