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due on the outstanding Bonds. 'Suchpayments from the Revenue Fund <br /> shall be made on or before the twentieth (20th) day of each month <br /> as follows: <br /> (1) Beginning with the month of May, 1983, and continu- <br /> ing through June, 1984, an amount which, with Assessments <br /> deposited and other moneys available therefor in the Debt <br /> Service Account, will be equal to at least one-fourteenth <br /> (1/14th) of the interest on the Bonds to become due and <br /> payable on July 1, 1984; <br /> (2 ) Beginning with the month of July, 1984, and con- <br /> tinuing for as long as any of the Bonds are outstanding and <br /> unpaid, an amount which, with Assessments deposited and other <br /> moneys available therefor in the Debt Service Account, will <br /> be equal to at least one-sixth ( 1/6th) of the interest to <br /> become due and payable on the next interest payment date on <br /> all of the Bonds then outstanding; and <br /> (3 ) Beginning with the month of July, 1983, and con- <br /> tinuing for as long as any of the Bonds are outstanding and <br /> unpaid, an amount which, with Assessments deposited and other <br /> moneys available therefor in the Debt Service Account, will <br /> be equal to at least one-twelfth ( 1/12th) of the principal of <br /> the Bonds (exclusive of Term Bonds) to become due and payable <br /> on the next principal payment date. <br /> The City covenants and agrees that in the event it issues any <br /> future Parity Bonds which are Term Bonds, it will provide in each <br /> ordinance authorizing the issuance of the same for the creation of <br /> a Sinking Fund Account and for regular monthly payments to be made <br /> from the Revenue Fund into such Sinking Fund Account sufficient <br /> together with Assessments deposited and such other moneys as are <br /> on hand and available therefor in such account to amortize the <br /> principal of such future Parity Bonds which are Term Bonds on or <br /> -12- WMD20 83/05/02 <br />