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<br />8 <br /> <br />Section 3.02. Interest Component of the Installment Payments. <br /> <br />The Installment Payments include interest from the date of the respective series of <br />Bonds until the payment of the principal thereof and the prepayment premiums, if any, thereon, <br />shall have been made or provided for in accordance with the provisions of Article IX of the <br />Indenture, whether at maturity, upon prepayment or otherwise. The interest component of the <br />Installment Payments accrued from the date of the respective series of Bonds and from each <br />Interest Payment Date to, but not including, the next succeeding Interest Payment Date shall be <br />paid on each such succeeding Interest Payment Date and shall be computed on the basis of a <br />year of-360 days and twelve 30-day months. <br /> <br />Section 3.03. Establishment of Accounts. <br /> <br />The funds and accounts and flow of funds set forth in this Article III are hereby <br />established and shall control to the extent inconsistent with any other terms of this Installment <br />Purchase Contract or the Indenture. <br /> <br />Section 3.04. Pledge of Net Revenues and Other Funds: Revenue Fund. <br /> <br />The City hereby irrevocably pledges all of the Net Revenues to the punctual payment of <br />the Installment Payments and such Net Revenues, except as otherwise permitted herein, shall <br />not be used for any other purpose while any of the Bonds remain outstanding. This pledge shall, <br />subject to Section 7.02 of the Indenture, constitute a first lien on the Net Revenues for the <br />payment of the Installment Payments and payments of all Parity Obligations in accordance with <br />the terms hereof and thereof. <br /> <br />All of the Gross Revenues, together with any interest earned thereon, shall, so long as <br />any Bonds shall be Outstanding under the Indenture, be deposited with the Finance Officer as <br />received by the City in the Revenue Fund, which fund the City hereby covenants and agrees to <br />maintain with the Finance Officer so long as any Bonds shall be Outstanding under the <br />Indenture. The Revenue Fund may contain such accounts and subaccounts as are necessary. <br />to account for the various zones or billing policies of the City under applicable City rules and <br />procedures. <br /> <br />Section 3.05. Receipt and Deposit of Gross Revenues. <br /> <br />The City covenants and agrees that all Gross Revenues, when and as received, will be <br />received and held by the City in trust hereunder and will be deposited by the City with the <br />Finance Officer in the Revenue Fund and will be accounted for through and held in trust in the <br />Revenue Fund; provided, that the City may withdraw such amounts in the Revenue Fund as <br />may be necessary to make refunds for amounts paid in advance for services provided by the <br />Enterprise, which such service was not thereafter made available or provided. All Net <br />Revenues, whether held by the City as trustee or deposited with the Finance Officer or the <br />Trustee, shall nevertheless be disbursed, allocated and applied solely to the uses and purposes <br />hereinafter in this Article III set forth, and shall be accounted for separately and apart from all <br />other money, funds, accounts or other resources of the City. <br /> <br />8.C. - Page 170