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Page 11 August, 1961), whether or not the project shall have been completed by that date and whether or not the Lessee shall have taken possession of the project on that date and shall continue for the balance of the term, regardless of the completion date of the project and regardless of the date Lessee shall take possession thereof. Section 204. The said basic annual rental shall be paid to the Lessor by the Lessee remitting the same directly to the Trustee for the Act No. 9 Bondholders, and the same shall be de- posited by the Trustee for the Act No. 9 Bondholders to the account of Lessor in a trust account designated "City of Batesville, Arkansas Industrial Development Revenue Bond Fund -Batesville Rubber Company Project" (herein called the "Act No. 9 Bond Fund"). Moneys in the Act No. 9 Bond Fund shall be used solely as specified in the Trust Indenture, hereinafter referred to as the "Trust Indenture", by and between Lessor and the Trustee for the Act No. 9 Bondholders, which Trust Indenture shall be approved by the Lessee. The sub- stance of such provisions is that moneys in the Act No. 9 Bond Fund shall be used solely for the payment of the principal of, interest on and paying agent►s fees in connection with the Act No. 9 Bonds, except any amounts therein (other than certain moneys from condemnation as set forth in Sections 1001 and 1002 hereof and moneys from the exercise of an option to purchase as set forth in Section 1609 hereof) over and above the following: (a) The amount necessary to insure the prompt payment of the principal of, interest on and paying agentis fees in connection with said Act No. 9 Bonds; (b) Any amount therein earmarked for bonds matured and previously called for redemption; (c) Any amount, if any, required for an expenditure authorized by the Trust Indenture which is necessary to fully pro- tect and realize the security of the bondholders; (d) The amount necessary to establish and maintain therein a reserve for contingencies in the amount of the maximum amount that will become due in any year for principal and interest payments on said Act No. 9 Bonds; and