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herein: provided that, at any time prior to giving such notice of such redemption, the <br /> Trustee, upon Written Request of the Authority, may apply moneys in such Sinking <br /> Account to the purchase of Term Bonds with respect to which such moneys were deposited <br /> in the Sinking Account at public or private sale, as and when and at such prices (including <br /> brokerage and other charges, but excluding accrued interest, which is payable from the <br /> Interest Account) as shall be determined by the Authority, except that the purchase price <br /> (excluding accrued interest) shall not exceed the redemption price that would be payable for <br /> such Bonds upon redemption by application of such mandatory sinking account payment. <br /> If, during the twelve-month period immediately preceding said mandatory sinking account <br /> payment date, the Trustee has purchased Term Bonds of such maturity with moneys in such <br /> Sinking Account, such Bonds so purchased shall be applied, to the extent of the full <br /> principal amount or Accreted Value thereof, to reduce said mandatory sinking account <br /> payment. <br /> All money in the Principal Account shall be used and withdrawn by the <br /> Trustee solely for the purpose of paying the principal or Accreted Value of the Bonds as <br /> they shall become due and payable, except that any money in the Sinking Account shall be <br /> used and withdrawn by the Trustee only to purchase or to redeem or to pay Term Bonds. <br /> (c) Reserve Account. The Trustee shall set aside from the Revenue Fund <br /> and deposit in the Reserve Account an amount of money which, together with the amount <br /> already on deposit therein, will be equal to the Reserve Requirement. No deposit need be <br /> made in the Reserve Account so long as there shall be on deposit therein a sum equal to at <br /> least the Reserve Requirement. <br /> All money in the Reserve Account shall be used and withdrawn by the <br /> Trustee solely for the purpose of paying the interest on, or principal or Accreted Value of, <br /> or redemption premiums, if any, on the Bonds in the event that no other money of the <br /> Authority is lawfully available therefor, or for the retirement of all Bonds then Outstanding. <br /> All interest income received by the Trustee on investment of moneys in the Reserve <br /> Account shall be retained in the Reserve Account so long as amounts on deposit in the <br /> Reserve Account are less than the Reserve Requirement. Subject to the foregoing, earnings <br /> and profits on investments in the Reserve Account shall be transferred to the Capitalized <br /> Interest Account until completion of the Project and thereafter to the Revenue Fund. <br /> Notwithstanding any provision of the Indenture to the contrary, all or any <br /> portion of the Reserve Requirement for the Bonds may be satisfied by the provision of a <br /> policy of insurance, a surety bond, a letter of credit or other comparable credit facility, or a <br /> combination thereof, which, together with moneys on deposit in the Reserve Account, <br /> provide an aggregate amount equal to the Reserve Requirement; provided, that the provider <br /> of any such policy of insurance, surety bond, letter of credit or other comparable credit <br /> facility must be approved in writing by the Bond Insurer. <br /> (d) Redemption Account. In addition to the above accounts, the Trustee <br /> shall establish and maintain within the Revenue Fund a special account designated the <br /> LAis3221.3 38 <br />