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bonds shall be the lesser of (i) or (ii) above, but limited to the addition to the Reserve Account of no more than 10% of the proceeds from the sale of such new series of bonds. If the Successor Agency fails to deposit with the Trustee the full amount required by the Indenture to pay principal and interest due on the Bonds of that series when due on any date, the Trustee will withdraw from the Reserve Account, the difference between the amount required to be on deposit and the amount available on such date. The Reserve Account established for the Bonds secures only the Bonds and will not secure any other series of Parity Debt that may be issued under the Indenture (see "Additional Bonds" below). The Indenture provides that in lieu of a cash deposit, the Successor Agency may satisfy all or a portion of the Reserve Account Requirement by means of a Qualified Reserve Account Credit Instrument (see APPENDIX A - "SUMMARY OF CERTAIN PROVISIONS OF THE INDENTURE"). Additional Bonds The Successor Agency may at any time after the issuance and delivery of the Bonds issue additional bonds hereunder payable from the Tax Revenues and secured by a lien and charge upon the Tax Revenues equal to and on a parity with the lien and charge securing the outstanding Bonds theretofore issued under the Indenture (the "Additional Bonds"), for the purpose of refunding bonds or other indebtedness of the Successor Agency or the Former Agency (including, without limitation, refunding Bonds outstanding under the Indenture) in accordance with the Redevelopment Law, including payment of all costs incidental to or connected with such refunding or providing for the funding of related reserves, but only subject to the following specific conditions, which are hereby made conditions precedent to the issuance of any such Additional Bonds: (a) A written request of the Successor Agency shall have been filed with the Trustee containing a statement to the effect that the Successor Agency shall be in compliance with all covenants set forth in the Indenture and any supplemental indentures, and no event of default under the Indenture shall have occurred and be continuing. (b) The issuance of such Additional Bonds shall have been duly authorized pursuant to the Redevelopment Law and all applicable laws, and the issuance of such Additional Bonds shall have been provided for by a supplemental indenture; which shall specify the following: (i) The authorized principal amount of such Additional Bonds; (ii) The date and the maturity date or dates of such Additional Bonds; provided that (i) principal payment dates and sinking account payment Dates may occur only on Interest Payment Dates, and (ii) fixed serial maturities or mandatory Sinking Account Installments, or any combination thereof, shall be established to provide for the retirement of all such Additional Bonds on or before their respective maturity dates; (iii) The Interest Payment Dates for such Additional Bonds; provided that Interest Payment Dates shall be on the same semiannual dates as the Interest Payment Dates for the Bonds; (iv) The denomination and method of numbering of such Additional Bonds; (v) The redemption premiums, if any, and the redemption terns, if any, for such Additional Bonds; (vi) The amount and due date of each mandatory Sinking Account Installment, if any, for such Additional Bonds; 18 SA -3-32