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I <br />If a deficiency in the Revenue Bond Fund for the payment of debt service on Covered <br />Bonds shall occur, such deficiency shall be made up from the Reserve Account by the <br />withdrawal of cash therefrom for that purpose and by the sale or redemption of obligations held <br />in the Reserve Account, in such amounts as will provide cash in the Reserve Account sufficient <br />to make up any such deficiency with respect to Covered Bonds, and if a deficiency still exists <br />immediately prior to an interest payment date and after the withdrawal of cash, the City shall <br />then draw from any Qualified Letter of Credit or Qualified Insurance for Covered Bonds in <br />sufficient amount to make up the deficiency. Such draw shall be made at such times and under <br />such conditions as the agreement for such Qualified Letter of Credit or such Qualified Insurance <br />shall provide. <br />Any deficiency created in the Reserve Account by reason of any such withdrawal shall <br />then be made up within one year of the date of withdrawal from Net Revenues or from ULID <br />Assessments (or out of any other moneys on hand legally available for such purpose) after <br />making necessary provision for the payments required to be made into the Bond Fund within <br />such year. <br />Any Qualified Insurance shall not be cancelable on less than 30 days' notice to the City. <br />In the event of any cancellation or termination of a Qualified Insurance or a Qualified Letter of <br />Credit, the Reserve Account shall be funded as if the Covered Bonds that remain outstanding had <br />been issued on the date of such notice of cancellation. <br />In the event that the City elects to meet the Reserve Requirement through the use of a <br />Qualified Letter of Credit, Qualified Insurance or other equivalent credit enhancement device, <br />the City may contract with the entity providing such Qualified Letter of Credit, Qualified <br />Insurance or other equivalent credit enhancement device that the City's reimbursement <br />obligation, if any, to such entity shall be made from payments of principal and interest on <br />38 <br />-35- P:\20287-CMW2O287-9RG 01/02/13 <br />