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Interfund Loan shall be evidenced by the Interfund Loan Note set forth as Exhibit A <br />hereto and hereby made a part hereof, titled "$2,914,800 Tax Tncrement Interfund Loan <br />Note of 2001 ". Proceeds of the Interfund Loan Note shall refund the Bonds. The <br />Interfund Loan and Interfund Loan Note shall be repaid solely from the increments of the <br />TIF Districts, which shall be applied to the Interfund Loan Note as a refunding of the <br />Bonds in the priority set forth in Section 3,6(B)(1) of the Development Agreement. The <br />Interfund Loan Note shall be in the principal amount of $2,914,800, shall have payments <br />equal to the payments on the Bonds had they remained outstanding to maturity (which <br />payments shall be set forth on a schedule attached to the Interfund Loan Note), shall <br />mature in the installments and at the times set forth in the schedule, and shall bear interest <br />at the rates for the periods necessary to cause the interest set forth on the schedule to <br />equal the interest payable on the Interfund Loan Note. <br />3. Payments. Payments received on the Interfund Loan Note shall be <br />deposited in the Pooled Tax Increment Fund. <br />•1•�1346435vDQC <br />v2 to vl 1 U26/O1 2 <br />