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(c) After making or providing for the monthly payments from <br /> the Revenue Fund as required by Section 6 hereof, there shall be <br /> maintained in the Revenue Fund sufficient moneys to enable the <br /> City to meet the Costs of Maintenance and Operation of the System <br /> on a current basis. <br /> (d) The City will not sell or otherwise dispose of the <br /> System in its entirety unless simultaneously with such sale or <br /> other disposition, provision is made for the payment into the <br /> Revenue Bond Fund of cash or Government Obligations (as now or <br /> hereafter defined in RCW 39 . 53 ) sufficient (taking into account <br /> interest to be earned on any such Government Obligations) to pay <br /> the principal of and interest on all then outstanding Parity <br /> Bonds, nor will it sell or otherwise dispose of any part of the <br /> useful operating properties of the System unless such facilities <br /> are replaced or provision is made for payment into the Revenue <br /> Bond Fund of the greatest of the following: <br /> ( 1) An amount which will be in the same proportion to <br /> the net amount of Parity Bonds then outstanding (defined as the <br /> total amount of the Parity Bonds less the amount of cash and <br /> investments in the Revenue Bond Fund and accounts therein) that <br /> the Revenue from the portion of the System sold or disposed of for <br /> the preceding year bears to the total Net Revenue of the System <br /> for such period; or <br /> (2 ) An amount which will be in the same proportion to <br /> the net amount of Parity Bonds then outstanding (as defined above) <br /> that the Net Revenue from the portion of the System sold or <br /> disposed of for the preceding year bears to the total Net Revenue <br /> of the System for such period; or <br /> -19- BD338 81/12/22 <br />