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available funds, equal to the amount of interest and principal payable on the Bonds on such <br /> Interest Payment Date and principal payment date. If the Credit Facility Provider fails to fund <br /> such a draw, the Bond Registrar shall promptly notify the City, demand payment by the City, and <br /> shall pay when due such amount of interest and principal payable on such Interest Payment Date <br /> and principal payment date from amounts on deposit in the Bond Fund in accordance with the <br /> terms of this ordinance. The proceeds of such draws shall be deposited in the Credit Facility <br /> Fund pursuant to Section 4.01(c) hereof and shall be applied to pay principal of and interest on <br /> the Bonds prior to the application of any other funds held by the Bond Registrar therefor. <br /> Notwithstanding the foregoing, if the Credit Facility Provider and the Liquidity Facility Provider <br /> are the same entity, the Bond Registrar shall not draw on the Credit Facility with respect to any <br /> payments due or made in connection with Bank Bonds. In no event shall the Bond Registrar <br /> draw on the Credit Facility with respect to any Bonds registered in the name of the City. <br /> (c) While a Credit Facility is in effect, the Bond Registrar shall establish, maintain <br /> and hold in trust a special fund designated as the "Credit Facility Fund" for the benefit of <br /> Registered Owners. The Bond Registrar shall deposit in the Credit Facility Fund all moneys <br /> derived from a drawing under a Credit Facility for the purpose of paying the principal of and <br /> interest on the Bonds when due. Moneys held in the Credit Facility Fund shall remain <br /> uninvested, be held separate and apart from all other funds and accounts and shall not be <br /> commingled with any other moneys. Moneys in the Credit Facility Fund shall be withdrawn by <br /> the Bond Registrar from the Credit Facility Fund and applied to the payment of the principal of <br /> and interest on Bonds on each Interest Payment Date and principal payment date for such Bonds. <br /> Section 4.02 Credit Facility; Alternate Credit Facility. While the Bonds bear interest at <br /> a Daily Rate, a Weekly Rate or Short-Term Rate, the City may, at its sole option, maintain or <br /> -88- P\20287 CMW20287 AMT 10/14/14 <br />