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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 <br />Term Bonds of any issue of Parity Bonds, such deficiency shall be made up from the Reserve <br />Account by the withdrawal of money therefrom. Cash and investments shall be drawn upon <br />prior to any drawing upon a surety bond. Any deficiency created in the Reserve Account by <br />reason of any such withdrawal shall then be made up out of Revenue of the System or <br />Assessments after making necessary provision for the payments required to be made by <br />subparagraphs First through Fifth, inclusive, of Section 6 of this 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 Assessments (or, at the option of the City, <br />out of any other funds on hand and legally available therefor) approximately equal additional <br />annual installments so that by five years from the date of issuance of such future Parity Bonds <br />there will have been paid into the Reserve Account an amount that, together with the money <br />already on deposit therein, will be at least equal to the Reserve Requirement. Such annual <br />payments into the Reserve Account shall be made not later than December 20 of each year. <br />Notwithstanding anything in this Section 7 to the contrary, the City may fund the Reserve <br />Requirement, in whole or in part, through a surety bond issued by a Qualified Insurer. The <br />amount payable by the Qualified Insurer under such surety bond shall be credited against the <br />amounts otherwise required to be accumulated and maintained in the Reserve Account. <br />(d) Priority of Lien of Payments into Revenue Bond Fund. The amounts so <br />pledged to be paid into the 2005 Debt Service Subaccount from the Revenue Fund are hereby <br />-27- P:\CMW\CMW6WH 09/06/05 <br />