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(5) Future Parity Bonds. In the event the City issues any Future Parity <br />Bonds that are Covered Bonds, the City will provide in the ordinance authorizing the issuance of <br />the same for payment into the Reserve Account out of proceeds of such Future Parity Bonds, <br />Revenue of the System or ULID Assessments (or, at the option of the City, out of any other <br />funds on hand and legally available therefor) approximately equal additional annual installments <br />so that by five years from the date of issuance of such Future Parity Bonds there will have been <br />paid into the Reserve Account an amount that, together with the money already on deposit <br />therein, will be at least equal to the Reserve Requirement. Such annual payments into the <br />Reserve Account shall be made not later than December 20 of each year. <br />(c) Priority of Lien of Payments into Revenue Bond Fund. The amounts so pledged <br />to be paid into the Revenue Bond Fund from the Revenue Fund are hereby declared to be a lien <br />and charge upon the Revenue of the System junior in lien to the Costs of Maintenance and <br />Operation and equal to the lien of the charges upon such Revenue of the System and ULID <br />Assessments that have heretofore been made to pay and secure the payment of the principal of <br />and interest on the Outstanding Parity Bonds and which may hereafter be made upon the <br />Revenue of the System and ULID Assessments to pay and secure the payment of the principal of <br />and interest on any Future Parity Bonds, and prior and superior to all other charges of any kind <br />or nature whatsoever. <br />(d) Application and Investment of Money in Revenue Bond Fund. Money in the <br />Revenue Bond Fund and the Reserve Account shall be invested in any legal investment for City <br />funds. Investments in the Revenue Bond Fund shall mature prior to the date on which such <br />money shall be needed for required interest or principal payments. Investments in any Reserve <br />Account shall mature not later than the last maturity of the Parity Bonds secured thereby. All <br />-37- - P:Q0287 CMW120287-B 32 09/09/15 <br />