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sufficient to pay the principal of and interest on the Series 1993 Bonds and the Series 2005 Bonds as such principal and interest become due. All funds and accounts created pursuant to the Original Resolution shall be held by the County in trust for the holders of the Bonds. The Pledged Funds shall immediately be subject to the lien of this pledge without any physical delivery thereof or further act, and the lien of this pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the County. SECTION 17. APPLICATION OF BOND PROCEEDS. The proceeds, including accrued interest received from the sale of the Series 2005 Bonds shall be applied by the County simultaneously with the delivery of such Series 2005 Bonds to the purchaser thereof, as follows and as further provided in a supplemental resolution of the County. A. The accrued interest on the Series 2005 Bonds shall be deposited in the Interest Account in the Sinking Fund created pursuant to the Original Resolution and shall be used only for the purpose of paying interest becoming due on the Series 2005 Bonds for which it was so deposited. B. Unless otherwise provided in a supplemental resolution of the County or unless provided for through the purchase of Reserve Account Credit Instrument as set forth in Section 17(B) of the Original Resolution, a sum equal to the Reserve Requirement on such Series 2005 Bonds shall be deposited in the Series 2005 Reserve Account established for the Series 2005 Bonds and shall be used only for the purposes provided therefor. C. To the extent not reimbursed therefor by the original purchaser of such Series 2005 Bonds, the County shall pay all costs and expenses in connection with the issuance and sale of the Series 2005 Bonds. D. The balance remaining after making all of the deposits and payments provided for above shall be deposited with the Escrow Holder under the Escrow Deposit Agreement and thereafter used, together with other funds of the County deposited with the Escrow Holder to retire on the earlier of the maturity date or the first optional redemption date, the Series 1996 Bonds. SECTION 18. SERIES 2005 FUNDS AND ACCOUNTS. There is hereby created and established the "Series 2005 Sinking Fund" within the Sinking Fund, the "Series 2005 Bond Amortization. Account" within the Bond Amortization Fund, and the "Series 2005 Reserve Account" within the Reserve Account. The Series 2005 Sinking Fund, the Series 2005 Bond Amortization Account, the Series 2005 Reserve Account, and the Series 2005 Rebate Account shall not in any manner affect the parity of the Series 2005 Bonds and the Series 1993 Bonds, and are established solely for the accounting convenience of the County. Revenues and other amounts deposited in the Sinking Fund for the Series 2005 Bonds shall 10