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<br />24 <br />4846-5351-8811v3/200434-0005 <br />(b) The Bonds shall be obligations of the City payable from any lawfully <br />available funds, shall not be limited as to payment to any special source of funds of the City, and <br />shall be subject to appropriation in accordance with Section 8.01 hereof. The Bonds do not <br />constitute an obligation of the City for which the City is obligated to levy or pledge any form of <br />taxation or for which the City has levied or pledged any form of taxation. <br />ARTICLE VI <br /> <br />CREATION OF CERTAIN FUNDS AND ACCOUNTS <br />Section 6.01 Creation of Costs of Issuance Fund. There is hereby created a Fund to be <br />held by the Trustee designated “City of Santa Ana Taxable Pension Obligation Bonds, Series 2021, <br />Costs of Issuance Fund” (the “Costs of Issuance Fund”). Funds on deposit in the Costs of Issuance <br />Fund shall be used to pay or to reimburse the City for the payment of Costs of Issuance. Amounts in <br />the Costs of Issuance Fund shall be disbursed by the Trustee upon Written Requisition in the form of <br />Exhibit B executed by an Authorized City Representative. <br />At such time as the City delivers to the Trustee written notice that all Costs of Issuance have <br />been paid or otherwise notifies the Trustee in writing that no additional amounts from the Costs of <br />Issuance Fund will be needed to pay Costs of Issuance, the Trustee shall transfer all amounts then <br />remaining in the Costs of Issuance Fund to the Bond Interest Account of the City unless otherwise <br />directed by the City. At such time as no amounts remain in the Costs of Issuance Fund, such Fund <br />shall be closed. <br />Section 6.02 Creation of Revenue Fund and Certain Accounts. There is hereby created <br />a Fund to be held by the Trustee designated “City of Santa Ana Taxable Pension Obligation Bonds, <br />Series 2021, Revenue Fund” (the “Revenue Fund”). There are hereby created in the Revenue Fund <br />two separate Accounts designated “Bond Interest Account” and “Bond Principal Account”. <br />(a) All amounts received by the Trustee from the City in respect of interest <br />payments on the Bonds shall be deposited in the Bond Interest Account and shall be disbursed to the <br />applicable Bondholders to pay interest on the Bonds. All amounts held at any time in the Bond <br />Interest Account (including amounts deposited pursuant to Section 6.03) shall be held for the security <br />and payment of interest on the Bonds pursuant to this Trust Agreement. If at any time funds on <br />deposit in the Bond Interest Account are insufficient to provide for the payment of such interest, the <br />City shall promptly deposit funds to such Account to cure such deficiency. On __________ 2 of <br />each year beginning in [2021], so long as no Event of Default has occurred and is continuing, the <br />Trustee shall transfer all amounts on deposit in the Bond Interest Account to the Revenue Fund to be <br />used for any lawful purpose. <br />(b) All amounts received by the Trustee from the City in respect of principal <br />payments on the Bonds shall be deposited in the Bond Principal Account and all amounts in the Bond <br />Principal Account will be disbursed to pay principal on the Bonds pursuant to this Trust Agreement. <br />If at any time funds on deposit in the Bond Principal Account are insufficient to provide for the <br />payment of such principal, the City shall promptly deposit funds to such Account to cure such <br />deficiency. <br />(c) The moneys in such Funds and Accounts shall be held by the Trustee in trust <br />and applied as herein provided and, pending such application, shall be subject to a lien and charge in