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Account", which is hereby created and established, one -twelfth (1/12th) of the principal of Bonds, if any, subject to mandatory call for redemption on the next principal payment date with respect to the Bonds. Such deposit shall take into account the principal amount of the Term Bonds subject to mandatory call for redemption on the next principal payment date that the County shall have purchased and tendered to the Paying Agent in lieu of mandatory redemption on such date (as and to the extent not prohibited under the terms of the particular series of Bonds), if any. (4) Fourth, the County shall deposit into an account in the Sinking Fund to be known as the "Reserve Account", which is hereby created and established, a sum sufficient to increase the amount on deposit in the Reserve Account to the Reserve Account Requirement. A sum to be specified by subsequent resolution of the County may be deposited in the Reserve Account out of the proceeds of the sale of Bonds. Provided, however, in no Fiscal Year shall Net Revenues in excess of twenty percent (208) of the Reserve Account Requirement be required to be deposited in the Reserve Account, except as may be required by subsection P or subsection Y below. However, the foregoing twenty percent (208) limitation shall not apply to the extent that principal and interest on the Bonds are paid from the Reserve Account or there is ten percent (108) or more decline in the market value of the Reserve Account. No further deposits shall be required to be made into the Reserve Account as long as there shall remain on deposit therein (including any Reserve Account Credit Instrument as described below) a sum equal to the Reserve Account Requirement. The value of the Reserve Account, including investments on deposit in the Reserve Account, shall be determined annually at market on the first day of the Fiscal Year by an independent firm of certified public accountants, who may be the accountants for the County, in accordance with generally accepted accounting principles. Notwithstanding the foregoing provisions, in lieu of, in whole or in part, the required deposits into the Reserve Account, the County may cause to be deposited into the Reserve Account any of the following (each a "Reserve Account Credit Instrument"): (a) A surety bond or insurance policy issued to the Paying Agent, as agent of the Bondholders, by a company licensed to issue an insurance policy guaranteeing the timely payment of debt service on the Bonds (a "municipal bond insurer"), if the claims paying ability of the issuer thereof, at the time of issuance thereof, shall be rated "AAA" by Standard 6 Poor's Corporation or its successor ("SU") and "Aaa" by Moody's Investors Service or its successor ("Moody's"); (b) A surety bond or insurance policy issued to the Paying Agent, as agent of the Bondholders, by an entity other than a municipal bond insurer, if the form and substance of such instrument and the issuer thereof shall be approved by the Series 1993 Bond Insurer; or 20