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date) prior to each interest payment date, If a <br />disbursement is made under any such Reserve Account <br />Credit Instrument, the County may reinstate the maximum <br />limits of such Reserve Account Credit Instrument <br />immediately following such disbursement, otherwise the <br />amount of credit toward the Reserve Account requirement <br />for such Reserve Account Credit Instrument shall be <br />appropriately reduced. <br />Furthermore, the County may at any time and from time <br />to time cause to be deposited in the Reserve Account <br />such a Reserve Account Credit Instrument and cause an <br />appropriate amount to be withdrawn from the Reserve <br />Account and released to the County. <br />Moneys in the Reserve Account shall be used only for <br />the purpose of the payment of maturing principal of or <br />interest on Bonds when the other moneys in the Sinking <br />Fund are insufficient therefor, and for no other <br />purpose. However, upon the valuation of the Reserve <br />Account in each year, if the moneys applied and <br />allocated to the Reserve Account (except the investment <br />income thereon) exceed the amount required, such excess <br />may be withdrawn and released to the County. If the <br />Reserve Account requirement shall at any time be <br />satisfied in whole or in part with a qualifying letter <br />of credit and such letter of credit is about to expire <br />or terminate, the County hereby authorizes and directs <br />the Paying Agent to draw upon such letter of credit <br />prior to its expiration or termination to the extent <br />required to fully fund the Reserve Account requirement <br />unless a replacement Reserve Account Credit Instrument <br />is in place or the Reserve Account is otherwise fully <br />funded in its required amount. <br />(5) Fifth, apply moneys in the Revenue Fund to <br />the payment of current debt service and reserve <br />requirements of any obligations of the County issued to <br />finance the cost of additions, acquisition, extensions <br />and improvements to the System which are junior and <br />subordinate to the lien of the Bonds on the Pledged <br />Funds. <br />(6) The balance of any moneys remaining in the <br />Revenue Fund after the above required payments have been <br />made may be deposited into a special fund to be known <br />- 25 - <br />