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<br />may be paid to or on behalf of the Issuer or to which the Issuer may be entitled with <br />respect to the Project (excluding security deposits) and all proceeds from use and' <br />occupancy insurance and rental loss insurance, including investment earnings on the <br />foregoing and on the Special Funds except as otherwise directed in the Indenture. <br />Such term shall not include Extraordinary Revenues. <br /> <br />4 <br /> <br />OPERATING DEFICIT 1GREEMENT <br />CITY OF RAMSEY <br /> <br />-213- <br />