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of principal on the 1988 Term Bonds) . Such payments from the <br /> Revenue Fund shall be made on or before the twentieth (20th) day <br /> of each month as follows: <br /> ( 1 ) Beginning with the month of February, 1988, <br /> and continuing through June, 1988, an amount which, with <br /> Assessment Income deposited and other moneys available <br /> therefor in the 1988 Debt Service Subaccount, will be equal <br /> to at least one-fifth ( 1/5th) of the interest on the 1988 <br /> Bonds to become due and payable on July 1, 1988; <br /> (2 ) Beginning with the month of July, 1988, and <br /> continuing for as long as any of the 1988 Bonds are out- <br /> standing and unpaid, an amount which, with Assessment Income <br /> deposited and other moneys available therefor in the 1988 <br /> Debt Service Subaccount, will be equal to at least one-sixth <br /> ( 1/6th) of the interest to become due and payable on the next <br /> interest payment date on all of the 1988 Bonds then <br /> outstanding; <br /> (3 ) Beginning with the month of July, 1995, and <br /> continuing through June, 2003 , an amount which, with Assess- <br /> ment Income deposited and other moneys available therefor in <br /> the 1988 Debt Service Subaccount, will be equal to at least <br /> one-twelfth ( 1/12th) of the principal of the 1988 Bonds <br /> (exclusive of the 1988 Term Bonds) to become due and payable <br /> on the next principal payment date. <br /> References in this Ordinance to the Debt Service Account and <br /> Revenue Bond Fund shall, unless otherwise stated, include the 1988 <br /> Debt Service Subaccount. Notwithstanding anything in Section 9 .E <br /> hereof to the contrary, moneys in the 1988 Debt Service Subaccount <br /> may be used to pay the Arbitrage Earnings Amount, if any, to the <br /> extent the Arbitrage Earnings Amount is attributable to earnings <br /> on moneys in the 1988 Debt Service Subaccount. <br /> -26- KR180 88/01/11 <br />