Common use of ESTABLISHMENT OF CERTAIN SUBACCOUNTS Clause in Contracts

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 27 Section 5.2. Program Fund and Acquisition Account 27 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 29 Section 6.2. Additional Rating Notices 30 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 31 Section 6.4. Cross Calls of 2024 Series E Bonds 31 Section 6.5. Tax Covenant 31 Section 6.6. Covenant Regarding Targeted Areas 31 Section 6.7. Additional Defeasance Requirements 31 Section 7.1. Optional Tenders of 2024 Series E-2 Bonds in the Daily Mode or the Weekly Mode 33 Section 7.2. Mandatory Tender on Mode Change Dates 33 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 34 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 34 Section 7.5. Mandatory Purchase at the Direction of the Authority 35 Section 7.6. Remarketing of 2024 Series E-2 Bonds; Notices 36

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 27 Section 5.2. Program Fund and Acquisition Account 27 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 29 Section 6.2. Additional Rating Notices 30 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 31 Section 6.4. Cross Calls of 2024 Series E D Bonds 31 Section 6.5. Tax Covenant 31 Section 6.6. Covenant Regarding Targeted Areas 31 Section 6.7. Additional Defeasance Requirements 31 Section 7.1. Optional Tenders of 2024 Series E-2 D-2 Bonds in the Daily Mode or the Weekly Mode 33 Section 7.2. Mandatory Tender on Mode Change Dates 33 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 34 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 34 Section 7.5. Mandatory Purchase at the Direction of the Authority 35 Section 7.6. Remarketing of 2024 Series E-2 D-2 Bonds; Notices 36

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 27 28 Section 5.2. Program Fund and Acquisition Account 27 28 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 29 30 Section 6.2. Additional Rating Notices 30 31 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 31 32 Section 6.4. Cross Calls of 2024 Series E B Bonds 31 32 Section 6.5. Tax Covenant 31 32 Section 6.6. Covenant Regarding Targeted Areas 31 32 Section 6.7. Additional Defeasance Requirements 31 32 Section 7.1. Optional Tenders of 2024 Series E-2 B-2 Bonds in the Daily Mode or the Weekly Mode 33 34 Section 7.2. Mandatory Tender on Mode Change Dates 33 34 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 34 35 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 34 35 Section 7.5. Mandatory Purchase at the Direction of the Authority 35 36 Section 7.6. Remarketing of 2024 Series E-2 B-2 Bonds; Notices 3637

ESTABLISHMENT OF CERTAIN SUBACCOUNTS. Section 5.1. Establishment of Subaccounts 27 Section 5.2. Program Fund and Acquisition Account 27 ARTICLE VI ADDITIONAL COVENANTS Section 6.1. Mortgage Loans 29 Section 6.2. Additional Rating Notices 30 Section 6.3. Limitation on Payment of Fiduciary, Program Expenses and Servicing Fees 31 Section 6.4. Cross Calls of 2024 2025 Series E H Bonds 31 Section 6.5. Tax Covenant 31 Section 6.6. Covenant Regarding Targeted Areas 31 Section 6.7. Additional Defeasance Requirements 31 Section 7.1. Optional Tenders of 2024 2025 Series E-2 H-2 Bonds in the Daily Mode or the Weekly Mode 33 Section 7.2. Mandatory Tender on Mode Change Dates 33 Section 7.3. Optional Tender at End of Interest Period for Term Rate Mode 34 Section 7.4. Mandatory Purchase upon Termination, Replacement or Expiration of Liquidity Facility; Mandatory Liquidity Facility Tender 34 Section 7.5. Mandatory Purchase at the Direction of the Authority 35 Section 7.6. Remarketing of 2024 2025 Series E-2 H-2 Bonds; Notices 36