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In the event there shall be a deficiency in the Debt Service Account to meet maturing <br /> installments of either interest on or principal of and interest on any Parity Bonds, or a deficiency <br /> in any Sinking Fund Account to meet the required schedule of payments for amortization of Term <br /> Bonds of any issue of Parity Bonds, such deficiency shall be made up from the Reserve Account <br /> by the withdrawal of money therefrom. Any deficiency created in the Reserve Account by reason <br /> of any such withdrawal shall then be made up out of Revenue of the System or Assessments after <br /> making necessary provision for the payments required to be made by subparagraphs First through <br /> Fifth, inclusive, of Section 7 of this ordinance. <br /> D. Priority of Lien of Payments into Revenue Bond Fund. The amounts so <br /> pledged to be paid into the 1997 Debt Service Subaccount and the 1997 Reserve Account from <br /> the Revenue Fund are hereby declared to be a lien and charge upon the Revenue of the System <br /> junior in lien to the Costs of Maintenance and Operation and the lien and charge of the Refunded <br /> Bonds (full provision for the payment of which has irrevocably been made), equal to the lien of <br /> the charges upon such Revenue have heretofore been made to pay and secure the payment of the <br /> principal of and interest on the Parity Bonds and which may hereafter be made to pay and secure <br /> the payment of the principal of and interest on any future Parity Bonds, and prior and superior to <br /> all other charges of any kind or nature whatsoever. <br /> E. Application and Investment of Money in Revenue Bond Fund. Money in <br /> the Debt Service Account, any Sinking Fund Account and any Reserve Account shall be invested <br /> in Permitted Investments as permitted by law. Investments in the Debt Service Account and any <br /> Sinking Fund Account shall mature prior to the date on which such money shall be needed for <br /> required interest or principal payments. Investments in any Reserve Account shall mature not <br /> later than the last maturity of the Parity Bonds secured thereby. All interest earned and income <br /> derived by virtue of such investments shall remain in the Revenue Bond Fund and be used to meet <br /> the required deposits into any account therein. <br /> F. Sufficiency of Revenues. The Council hereby finds that in fixing the <br /> amounts to be paid into the Revenue Bond Fund out of the Revenue of the System, it has <br /> -21- FWWOBU DOC 97/03/04 <br />