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money already on deposit therein, will be at least equal to the <br /> Reserve Account Requirement for such future Parity Bonds . Such <br /> annual payments into a Reserve Account shall be made not later <br /> than December 20 of each year . <br /> Notwithstanding anything in this Section 9 to the contrary, <br /> the City may fund the Reserve Account Requirement for any Parity <br /> Bonds through a surety bond issued by a Qualified Insurer. The <br /> amount payable by the Qualified Insurer under such surety bond <br /> shall be credited against the amounts otherwise required to be <br /> accumulated and maintained in the Reserve Account for such Parity <br /> Bonds . <br /> The City further covenants and agrees that when the required <br /> deposits have been made into any Reserve Account, it will at all <br /> times maintain therein an amount at least equal to the Reserve <br /> Account Requirement, as redetermined in each calendar year with <br /> respect to the Parity Bonds secured by such Reserve Account. <br /> Whenever there is a sufficient amount in the Revenue Bond Fund, <br /> including all accounts therein, to pay the principal of, premium, <br /> if any, and interest on all outstanding Parity Bonds, the moneys <br /> in each Reserve Account may be used to pay the principal of, <br /> premium, if any, and interest on the Parity Bonds secured <br /> thereby. Moneys in a Reserve Account may also be withdrawn to <br /> redeem and retire, and to pay the premium, if any, and interest <br /> due to such date of redemption, on the outstanding Parity Bonds <br /> secured by such Reserve Account, as long as the moneys remaining <br /> on deposit in such Reserve Account are at least equal to the <br /> 34 Fwwoosooc szrosm <br />