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<br />" , <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />" . <br /> <br />Fiscal Agent. The interest on the Bonds until maturity shall <br />be paid by the Fiscal Agent from the Special Fund. At the <br />maturity of the Bonds, and, after all interest then due on the <br />Bonds then outstanding has been paid or provided for, moneys in <br />the Special Fund shall be applied to the payment of the <br />principal of any of such Bonds. <br /> <br />Without limiting the generality of the foregoing and <br />for the purpose of assuring that the payments referred to above <br />will be made as scheduled, the Tax Revenues accumulated in the <br />Special Fund shall be used in the following priority; provided, <br />however, to the extent that deposits have been made in any of <br />the Funds referred to below from the proceeds of the sale of <br />the Bonds or otherwise, the deposits below need not be made: <br /> <br />(a) Interest Account. Deposits shall be made into <br />the Interest Account so that the balance in the Account <br />shall be equal to interest becoming due and payable on the <br />then outstanding Bonds on the next succeeding June 1 and <br />December 1. Moneys in the Interest Account shall be used <br />for the payment of interest on the Bonds as interest <br />becomes due. <br /> <br />(b) Principal Account. After the deposits have <br />been made pursuant to subparagraph (a) above, deposits <br />shall next be made into the Principal Account SO that the <br />balance in the Account is equal to the principal coming due <br />on the then outstanding serial Bonds on the next succeeding <br />principal payment date or the amount of Minimum Sinking <br />Account Payments to be made in accordance with the schedule <br />set forth in Section 11 B. All monies in the Principal <br />Account shall be used for the purpose of making principal <br />and Minimum Sinking Account Payments on the Bonds as the <br />same shall become due and payable. <br /> <br />(c) Reserve Account. After deposits have been made <br />pursuant to subparagraphs (a) and (b) above, deposits shall <br />be made to the Reserve Account if necessary, in order to <br />cause the amount on deposit therein to equal the Reserve <br />Requirement. Moneys in the Reserve Account shall be <br />transferred to the Interest Account or Principal Account in <br />the event monies on deposit in such accounts are <br />insufficient for the purposes thereof. Any portion of the <br />Reserve Account which is in excess of the Reserve <br />Requirement shall be transferred at least annually to the <br />Agency as provided in subparagraph (d) below. <br /> <br />(d) Surplus. It is the intent of this Resolution: <br />(i) that the deposits in subparagraphs (a) and (b) above to <br />the Interest Account and the Principal Account, <br />respectively, shall be made as scheduled, and (ii) that the <br />deposits in subparagraph (c) above to the Reserve Account <br />shall be made as scheduled, if and only if the Tax Revenues <br /> <br />05-01-83 <br />4439P/2306/00 <br /> <br />[. t 2A <br /> <br />-17- <br />If ~ ~f' <br />