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(c) <br /> <br />the Loan Fund Signature Page. Escrow Agent upon execution <br />of the Loan Fund Signature Page and deposit of the funds <br />delivered in the Loan Fund shall be deemed to have accepted <br />the obligations of Escrow Agent with respect to such funds. <br />Escrow Agent shall provide MCCF with a facsimile copy of <br />the signed Loan Fund Signature Page. <br /> <br />The Member Funds shall be maintained by Escrow Agent as <br />one escrow account for all Members and the Member Funds <br />shall be deposited and commingled in such account. <br /> <br />Escrow Agent shall maintain records with respect to deposits <br />and refunds to and from the account by each Member and the <br />dates of such transactions, provide MCCF with a monthly <br />report, and shall annually provide Members with Form 1099 <br />and other reports as may be required with respect to interest <br />earned on Member Funds held in the Loan Fund. <br /> <br />Fund Not Limited In Amount. There is no limit upon the number of Members or <br />the aggregate amount which may be deposited in the Loan Fund by Members, <br />provided no Member may deposit more than $250,000 in the Loan Fund. <br /> <br />Distribution and Advances of Member Funds from Loan Fund. <br /> <br />(a) <br /> <br />(b) <br /> <br />Minimum Initial Funding. In the event Escrow Agent has not <br />received a minimum of $2,500,000 from Members, together <br />with their respective Loan Fund Signature Pages by October <br />31, 2002, the Loan Fund shall terminate and the Escrow <br />Agent shall refund to Members, without interest, the amount <br />each Member deposited. <br /> <br />Advances to MCCF. Escrow Agent shall advance Member <br />Funds to MCCF upon MCCF providing Escrow Agent with <br />a request signed by an Authorized Representative of MCCF <br />stating: <br /> <br />(i) <br /> <br />MCCF requests an advance from the Loan <br />Fund in the amount ors as of the <br />closing date of a Development'Loan by <br />MCCF to (name of <br />borrower) in the principal amount of <br />$ (the "Development Loan"); <br /> <br />(if) <br /> <br />The advance requested will be used to fund <br />the principal amount of the Development <br /> <br /> <br />