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9 <br /> Requirement except for withdrawals therefrom authorized hereinafter, at all times for so long as <br /> any Covered Bonds remain outstanding. Whenever there is a sufficient amount in the Revenue <br /> Bond Fund, including all accounts therein, to pay the principal of, premium, if any, and interest <br /> on all outstanding Parity Bonds, the money in the Reserve Account may be used to pay the <br /> principal of, premium, if any, and interest on the Parity Bonds secured thereby. Money in the <br /> Reserve Account may also be withdrawn to redeem and retire, and to pay the premium, if any, <br /> and interest due to such date of redemption, on the outstanding Parity Bonds, as long as the <br /> money remaining on deposit in the Reserve Account is at least equal to the Reserve Requirement <br /> determined with respect to the Covered Bonds then outstanding. <br /> In the event there shall be a deficiency in the Revenue Bond Fund to meet maturing <br /> installments of either interest on or principal of and interest on any Parity Bonds, such deficiency <br /> shall be made up from the Reserve Account by the withdrawal of money therefrom. Cash and <br /> investments shall be drawn upon prior to any drawing upon a surety bond. Any deficiency <br /> created in the Reserve Account by reason of any such withdrawal shall then be made up out of <br /> Revenue of the System or Assessments after making necessary provision for the payments <br /> required to be made by subparagraphs First through Fourth, inclusive, of Section 7(b) of this <br /> ordinance. <br /> In the event the City issues any Future Parity Bonds it will provide in the ordinance <br /> authorizing the issuance of the same for payment into the Reserve Account out of proceeds of <br /> such Future Parity Bonds, Revenue of the System or ULID Assessments (or, at the option of the <br /> City, out of any other funds on hand and legally available therefor) approximately equal <br /> additional annual installments so that by five years from the date of issuance of such Future <br /> Parity Bonds there will have been paid into the Reserve Account an amount that, together with <br /> I.. I <br /> ( ..y <br /> -37- P:120287_CMNh20287_880 03/25/09 <br />