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<br />-28- <br />making payments required pursuant to Sections 4.03(a) or 4.03(b) of this Indenture. If the <br />Reserve Requirement is being maintained with two or more Qualified Reserve Account <br />Credit Instruments, any draw to meet a deficiency which may exist from time to time in the <br />Interest Account or the Principal Account for the purpose of making payments required <br />pursuant to Sections 4.03(a), 4.03(b) or 4.03(c) of this Indenture shall be pro-rata with <br />respect to each such instrument. <br /> <br />(vi) Reserve Subaccounts. The Reserve Account may be maintained in the <br />form of one or more separate subaccounts which are established for the purpose of <br />holding the proceeds of separate issues of the Bonds and any Parity Debt in conformity <br />with applicable provisions of the Code to the extent directed by the Successor Agency in <br />writing to the Trustee. Additionally, the Successor Agency may, in its discretion, combine <br />amounts on deposit in the Reserve Account and on deposit in any reserve account relating <br />to any (but not necessarily all) Parity Debt in order to maintain a combined reserve account <br />for the Bonds and any (but not necessarily all) Parity Debt. <br /> <br />(e) Redemption Account. On or before the Business Day preceding any date on <br />which Bonds are to be redeemed pursuant to Section 2.03(a), other than mandatory <br />Sinking Account redemption of Term Bonds, the Trustee shall withdraw from the Debt <br />Service Fund any amount transferred by the Successor Agency pursuant to Section <br />2.03(a) for deposit in the Redemption Account, such amount being the amount required <br />to pay the principal of and premium, if any, on the Bonds to be redeemed on such date <br />pursuant to Section 2.03(a). All moneys in the Redemption Account shall be used and <br />withdrawn by the Trustee solely for the purpose of paying the principal of and premium, if <br />any, on the Bonds to be redeemed pursuant to Section 2.03(a) on the date set for such <br />redemption, other than mandatory Sinking Account redemption of Term Bonds. Interest <br />due on Bonds to be redeemed on the date set for redemption shall, if applicable, be paid <br />from funds available therefor in the Interest Account. <br /> <br />Section 4.04. Provisions Relating to 2018 Reserve Policy. With respect to the 2018 <br />Reserve Policy, notwithstanding anything to the contrary set forth herein, the Successor Agency <br />and the Trustee agree to comply with the following provisions: <br /> <br />[To come from 2018 Reserve Insurer] <br /> <br />454