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1 <br /> properly and advantageously conducted, and the City will at all times operate or cause to be <br /> operated said properties of the System and the business in connection therewith in an efficient <br /> manner and at a reasonable cost. <br /> (b) Rate Covenant. The City will establish, maintain and collect such rates and <br /> charges for service of its System for so long as any Parity Bonds are outstanding as will maintain <br /> the Rate Covenant. <br /> (c) Payment of Costs of Maintenance and Operation. After making or providing for <br /> the payments from the Revenue Fund as required by Section 6(b) hereof, there shall be <br /> maintained in the Revenue Fund sufficient money to enable the City to meet the Costs of <br /> Maintenance and Operation of the System on a current basis. <br /> (d) Sale or Disposition of the System. The City will not sell or otherwise dispose of <br /> the System in its entirety unless simultaneously with such sale or other disposition, provision is <br /> made for the payment into the Revenue Bond Fund of cash or Government Obligations sufficient <br /> together with interest to be earned thereon to pay the principal of and interest on the then <br /> Outstanding Parity Bonds, nor will it sell or otherwise dispose of any part of the useful operating <br /> properties of the System unless such facilities are replaced or provision is made for payment into <br /> the Revenue Bond Fund of the greatest of the following: <br /> (1) An amount which will be in the same proportion to the net amount of <br /> Parity Bonds then outstanding (defined as the total amount of the Parity Bonds less the amount <br /> of cash and investments in the Revenue Bond Fund and accounts therein) that the Revenue from <br /> the portion of the System sold or disposed of for the preceding year bears to the total Net <br /> Revenue for such period; or <br /> -1 P:120287 CMW120287 BN9 10/11/16 <br />