Agmt15 Raymond James and Assoc. Port of RWC sale of refunding bonds

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out hereunder. Any interest, income or profits from the deposits or investment of money in the Keserve Fund shaU be deposited in the Reserve Fund. Except as otherwise provided in the � applicable Supplemental lndenture,any interest,income or profits from the deposits or investment of money in any Rebate Fund,Project Fund,or Costs of Issuance Fund shall be deposited in such fund. Except as otherwise provided in a Supplementat Indenture for a Series of the Bonds, all interest, inconte or profits from deposits or investments of money in al) funds and accounts held by the Trustee with respect to such Series of the Bonds, except for the Reserve Fund and except for the Project Fund,the Cos�s of lssuance Fund,and the Rebate Fund for such Series of the Bonds, shall be deposited (1} first, in the Reserve Fund until the amount therein is equsl to the Reserve Fund Requirement (or if such Series of the Bonds is not secured by the Reserve Fund, then in the debt service reserve fund established with respect to such Series of the Bonds until the amount therein is equal to the required funding level of such debt service reserve fund),{2)second, in the Projcct Fund for such Series until the Certificate of the Port as to the completion of the related Project required by Section 3.4 has been delivered to the Trustee,(3)third. in the luterest Fund for such Series unti) the amount on deposit in the lnterest Fund for such Series is equal to the amount of interest becoming payable on the next Interest Payment Date on Bonds Outstanding with respect to such Series, (4)fourth, in the Principal Fund for sueh Series until the amount on deposit in the Principal Fund foc , such Serics is cqual to the amount of principal becoming payable on the next Principal Payment Date on $onds Outstanding with respect to such Series,(5)fifth, in the Sinking Fund for such Series until the flmount on deposit in the Sinking Fund for such Series is equal to the amount of Sinking Fund InstAllments becoming poyable on the next Principal Paymcnt Date on Bonds outstanding with respect to such Series, [and) (6) sixth, in the Sub�rdinated Obligation Payment Fund until the amount on deposit therein is equal to any payments next becoming due on outstanding Subordinated Obli�ations, and (7) seventh, paid by the Trvstee to the Port for deposit in the Revenue Fund. For any Authorized Investment, the Trustee may deduct from interest income and profit prior to making thc above deposits,any fees relating to such investment. Notwithstanding anything to the contrary contained in this paragraph, an amount of interest received with respect to any Authorized lnvestment equal to the amount of accn�ed interest, if any,paid as part of the purchase price of such Authorized Investment shall be credited to the fund or account from which such accrued interest was paid. For purposes of determining the amount on deposit in any fund or account I�eld hereunder�all Authorized Investments or Federal Securities credited to such fund or account shall be valued at the market value thereof, and except as otherwise provided in this Section 9.9, Authorized Investments or Federal Securities representing an investment of money attributable to any account or fund and a!1 investment profits or losses thereon shall be deemed at all times to be a part of such account or i'und. Notwithstanding the foregoing,investment agreements shal!be valued at the notional or face amount thereof. The Trustee is authorized to utilize computer pricing services including the valuation utilized in its regular accounting when valuing any fund or account held by it hereunder. Thc Trustee may act as principal or agent in the making or disposing of any Authorized investment. If at any time there is no rating agency ratins the Bonds, the provisions herein which make reference to ratii�g cetegories of rating agencies "then rating the Bonds" shall be deemed to mean that at least one af such rating agencies shatl have a rating as indicated in such provision. Section 9.10. Jnterest Rate Agreements, The Port is hereby authorized to enter into any intcrest rate or interest swap agreements,caps,collars or other hedging mechanisms with regard to any Series of the Bonds (or any portion thereon;p►•ovided, that any such interest rate or interest swap a�rcement, cap, collar or other hedging mechanism shall: (i)not exceed a notional amount of one 12094.91T2931.0005 48