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irrevocable policy of municipal bond insurance issued by a <br /> Qualified Insurer. <br /> D. Priority of Lien of Payments into Revenue Bond <br /> Fund. The amounts so pledged to be paid into the 1992 Debt <br /> Service Subaccount, and the 1992 Reserve Account from the Revenue <br /> Fund are hereby declared to be a lien and charge upon the Revenue <br /> of the System junior in lien to the Costs of Maintenance and <br /> Operation and the lien and charge of the Refunded Bonds (full <br /> provision for the payment of which has irrevocably been made) , <br /> equal to the lien of the charges upon such Revenue which have <br /> heretofore been such to pay and secure the payment of the <br /> principal of and interest on the Nonrefunded 1985 Bonds and the <br /> Nonrefunded 1988 Bonds and which may hereafter be made to pay and <br /> secure the payment of the principal of and interest on any future <br /> Parity Bonds, and prior and superior to all other charges of any <br /> kind or nature whatsoever. <br /> E . Application and Investment of Moneys in Revenue <br /> Bond Fund. Money in the Debt Service Account, any Sinking Fund <br /> Account and any Reserve Account shall be invested in Permitted <br /> Investments as permitted by law. Investments in the Debt Service <br /> Account and any Sinking Fund Account shall mature prior to the <br /> date on which such money shall be needed for required interest or <br /> principal payments . Investments in any Reserve Account shall <br /> mature not later than the last maturity of the Parity Bonds <br /> secured thereby. All interest earned and income derived by <br /> virtue of such investments shall remain in the Revenue Bond Fund <br /> 36 RismanDoc 92/09121 <br />