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-12- <br /> <br />(ii) the 2017 Installment Payments, and payment of all other Parity Obligations, <br />including the 2015 Installment Payments and the 2013 Installment Payments; and <br /> <br />(iii) the amount of any deficiency in any reserve fund established for Parity <br />Obligations. <br /> <br />All Net Revenues remaining after paying all of the sums listed above, or in connection <br />with any Parity Obligation, may be withdrawn by the Finance Officer for expenditure for any <br />lawful purpose of the City. From time to time the City may deposit in the Rate Stabilization <br />Fund from remaining Net Revenues or other available funds of the City such amounts as the <br />City shall determine. <br /> <br />Rate Stabilization Fund. The City may withdraw amounts from the Rate Stabilization <br />Fund (i) for transfer to the Revenue Fund for inclusion in Gross Revenues for any Fiscal Year, or <br />(ii) for any other lawful use of the City. All interest or other earnings upon deposits in the Rate <br />Stabilization Fund shall be withdrawn therefrom and accounted for as Gross Revenues. <br /> <br />Deposits to Payment Fund. On the third Business Day next preceding each Interest <br />Payment Date (each an “Installment Payment Date”), the City shall deposit with the Trustee, for <br />deposit in the Payment Fund, from amounts legally available therefor on deposit in the <br />Revenue Fund, a sum equal to the amount of interest and principal becoming due under the <br />2017 Installment Purchase Contract on the next Interest Payment Date. <br /> <br />The City is entitled to receive as a credit against 2017 Installment Payments an amount <br />equal to the amount of any balance contained in the Payment Fund prior to the Installment <br />Payment Date for such 2017 Installment Payments (excluding money designated for the <br />prepayment of Bonds). <br /> <br />All money in the Payment Fund will be used and withdrawn by the Trustee in <br />accordance with the Indenture. <br /> <br />Covenant to Maintain and Budget <br /> <br />The City covenants in the 2017 Installment Purchase Contract that during the Term of <br />the 2017 Installment Purchase Contract, the City will maintain and preserve the Enterprise in <br />good repair and working order at all times and will operate the Enterprise in an efficient and <br />economical manner and will pay all Maintenance and Operation Costs of the Enterprise as they <br />become due and payable. On or before the first day of each Fiscal Year, the City will file with <br />the Trustee a budget setting forth the estimated Maintenance and Operation Costs of the <br />Enterprise for such Fiscal Year. <br /> <br />No Reserve Fund <br /> <br />A reserve fund will not be funded for the Bonds. <br /> <br />Special Obligation; Obligations Absolute <br /> <br />Special, Limited Obligation. The City’s obligation to pay the 2017 Installment Payments <br />(on a parity with the 2015 Installment Payments, the 2013 Installment Payments and any <br />other Parity Obligations) is a special obligation of the City limited solely to the Net <br />Revenues. Under no circumstances is the City required to advance moneys derived from any <br />source of income other than the Net Revenues and other sources specifically identified in the <br />2017 Installment Purchase Contract for the payment of the 2017 Installment Payments and such <br />8.C. - Page 37