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ARTICLE VI APPLICATION OF PLEDGED REVENUES AND OTHER MONEYS- 601. Pledge of Revenues, Loan and Funds; Nature of Obliqation. (A) Subject only to the prior lien of the Trustee and each Paying Agent established by Section 807, all of the Pledged Revenues and all Funds .or Accounts held by the Trustee under the provisi.ons of this Resoluti.on are hereby pledged to secure the payment of the principal or Redemption Price of and interest on the B.onds. This pledge hereby made shall be valid and binding from and after the time of the delivery by the Agency of the first Bond delivered under this Resolution. The Pledged Revenues, and Funds .or Accounts so pledged and then .or thereafter received by the Trustee shall irrrnediately be subject to the lien of such pledge without any physical delivery or further act, and the lien of such pledge and the obligation to perform the contractual pr.ovisions hereby made shall have the priority over any or all other obligations and liabilities of the Agency, and the lien of such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Agency irrespective of whether such parties have not ice thereof. (B) The Bonds shall not be deemed to const itute a debt .or liability of the Agency or the City nor a pledge of the faith and credit of the Agency or the City but shall be special obligations of the Agency payable s.o le ly fr.om the Revenue Fund and the other Funds or Accounts herein pr.ovided. The issuance of Bonds under this Resolution shall n.ot directly, indirectly, or contingently obligate the Agency or the City to levy .or to pledge any form of taxation whatever therefor or t.o make any appropriati.on for their payment. (C) Nothing in this Section shall be construed to prevent the Agency from applying IOOneys in the various Funds or Accounts in the manner provided in this Resolution. 602. Deposit of Pledqed Revenues. Except as herein provided to the contrary, all Pledged Revenues received by the Agency shall be deposited with the Trustee and credited to the Revenue Fund. 603. Administration of Revenue Fund. The Revenue Fund shall be administered and transfers and disbursements made therefrom as provided in this Section. Moneys in the Revenue Fund shall be transferred semiannually on May 1 and November 1 of each Bond Year in the manner, in the order and with the priority as set forth in subsection (A) to (E), inclusive by the Trustee as foll.ows: . (A) To the Interest Fund, Requirement. an alOOunt equal to the Interest (B) Corrrnencing on N.ovember 1, 1983, to the Principal Fund .or Sinking Fund an am.ount equal to one-half (1/2) of the Principal Installment or Sinking 33 . . . . .