Term of Corporation

The existence of the Corporation is perpetual; but the board by unanimous vote may dissolve the Corporation no earlier than one year and one day after the Bonds, and all other obligations of the Corporation under the applicable Indenture and the Ancillary Agreements have been repaid or their repayment has been provided for fully, and the existence of the Corporation terminates when adequate provision has been made for the payment of all other debts and obligations, and the winding up of the affairs of the Corporation. No assets or earnings of the Corporation inures to a private person or entity. Upon dissolution of the Corporation, title to all property of the Corporation is vested in and becomes the property of the Government, subject to any liens on the Residual Certificate and the Residual Receipts.