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any constitutional or statutory limitation of indebtedness, but shall be payable from and secured by a lien upon and a pledge of the Pledged Funds and the Half -Cent Sales Tax. No holder of the Series 1991 Bonds shall ever have the right to compel the levy of ad valorem taxes to pay principal of, redemption premium, if any, and interest on the Series 1991 Bonds. The Series 1991 Bonds shall not constitute a lien upon any other property of the County, but shall constitute a lien only upon the Pledged Funds and the Half -Cent Sales Tax. Rate Covenant The County will, to the extent practicable, fix, establish, revise from time to time whenever necessary, maintain and collect always such fees, rates, rentals and other charges for the use of the services of the Project which will always provide Gross Revenues in each year sufficient to pay, and out of such funds pay, 100% of all Costs of Operation and Maintenance in such year, all Bond Service Requirements becoming due in such year on the outstanding Bonds and all reserve or other payments required by the Resolution. Reserve Account Under the Resolution, the County is required to establish a Reserve Account. The Reserve Account is required to be funded in an amount equal to the Reserve Account Requirement. The County may provide for this deposit to the Reserve Account either from the proceeds of the sale of Bonds, from other available moneys of the County and/or by providing an insurance policy or a letter of credit meeting the quality of credit criteria required by the Resolution. The Reserve Account Requirement for each series of Bonds is the amount determined by resolution of the County on or prior to the sale of the applicable series of Bonds. The County has established a Reserve Account Requirement of $ 2/ Y' ' for the Series 1991 Bonds, which amount the County will deposit into the Reserve Account upon delivery of the Series 1991 Bonds. Money in the Reserve Account shall be used only for the purpose of the payment of maturing principal of or interest on the Series 1991 Bonds and maturing Amortization Installments on Term Bonds, if any, when the other money in the Sinking Fund is insufficient therefor, and for no other purpose. Kunicipal Bond Insurance Payments of principal of and interest on the Series 1991 Bonds are to be insured through a policy to be issued by AMBAC Indemnity Corporation ("AMBAC Indemnity") which policy will take effect upon the delivery of the Series 1991 Bonds. See "MUNICIPAL 7