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to the fiscal agency or agencies of the State of Washington, as appropriate, in amounts sufficient <br /> for the payments specified in Section 2 of this Agreement. <br /> Section 4. Reports and Notice of Insufficiency. For as long as any of the Refunded <br /> Bonds are outstanding, on or before the twentieth (20th) day of each March and September, <br /> commencing with the month of March, 1996, the Refunding Trustee shall render a statement as of <br /> the last day of the preceding month to the City, which statement shall set forth the cash and <br /> Acquired Obligations held by the Refunding Trustee, any of such Acquired Obligations that have <br /> matured and the amounts received by the Refunding Trustee by reason of such maturity, the <br /> interest earned on any of such Acquired Obligations, a list of any investments or reinvestments <br /> made by the Refunding Trustee in other obligations, and the interest and/or principal derived <br /> therefrom, the amounts of cash delivered to the Treasurer or on his order, and the dates of the use <br /> thereof for the payment of the principal of and interest on the Refunded Obligations as the same <br /> shall become due and payable, and any other transactions of the Refunding Trustee pertaining to <br /> its duties and obligations as set forth herein. <br /> In the event the maturity of principal and interest of the Acquired Obligations and other <br /> money held by the Refunding Trustee pursuant to this Agreement shall at any time be insufficient <br /> to make a payment described in Section 2 of this Agreement, the Refunding Trustee shall give the <br /> City prompt notice of such insufficiency, and shall promptly deliver to the City a written request <br /> to deposit with the Refunding Trustee sums sufficient to make such payment, which payment the <br /> City shall promptly make. <br /> Section 5. Custody and Safekeeping of Obligations. All Acquired Obligations and <br /> moneys deposited with or received by the Refunding Trustee pursuant to this Agreement, and the <br /> principal thereof and interest thereon and any reinvestments thereof, shall be held in trust separate <br /> and apart from all other funds and investments held by the Refunding Trustee solely for the <br /> purposes set forth herein. The Refunding Trustee shall not sell, transfer, assign or hypothecate <br /> such funds, moneys and obligations, except as set forth herein. <br /> A-4 FWWwHOMBO3N3cx.00c 95109/26 <br />