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1/12 of 20% of the Maximum Bond Service Requirement until such <br />time as the funds and investments therein shall equal the Maximum <br />Bond Service Requirement, and monthly thereafter such amount as <br />may be necessary to maintain in the Reserve Account the Maximum <br />Bond Service Requirement, but not exceeding 1/12 of the Maximum <br />Bond Service Requirement monthly. Money in the Reserve Account <br />shall be used only for paying the principal of and interest on <br />and Amortization installments for the Bonds in the event that the <br />other money in the Sinking Fund shall ever be insufficient to <br />meet auch 'pay+Mients . <br />(5) Impact Fees on deposit in the Sinking Fund shall <br />only be applied pursuant to subsections (c)(1), (2), (3) and (4) <br />with respect to Bonds allocated to finance the cost of additions, <br />extensions and improvements to the System made necessary by the <br />inclusion of new customers of the System. <br />(6) Money held for the credit of the Bond Amortization <br />Account shall be applied to the retirement of. Term Bonds as <br />follows: <br />(a) Subject to the provisions of paragraph (c) below, <br />the Issuer shall endeavor to purchase Term Bonds then outstanding <br />at the most advantageous price obtainable with reasonable <br />diligence, such price not to exceed the principal of such Term <br />Bonds plus the amount of the premium, if any, which would be <br />payable on the next redemption date to the holders of such Term <br />Bonds if such Term Bonds should be called for redemption on such <br />date from money in the Bond Amortization Account. The Issuer <br />shall pay the interest accrued on such Term Bonds to the date of <br />delivery thereof from the Sinking Fund and the purchase price <br />from the Bond Amortization Account, but no such purchase shall be <br />made by the Issuer within the period of 45 days immediately pre- <br />ceding any interest payment date on which Term Bonds are subject <br />to call for redemption, except from money in excess of the <br />amounts set aside or deposited for the redemption of Term Bonds. <br />(b) Subject to the provisions of paragraph (c) below, <br />whenever sufficient money is on deposit in the Bond Amortization <br />Account to redeem $5,000 or more principal amount of Term Bonds, <br />the Issuer shall call for redemption from money in the Bond <br />Amortization Account such amount of Term Bonds then subject to <br />redemption as, with the redemption premium, if any, will exhaust <br />the money then held in the Bond Amortization Account as nearly as <br />may be practicable. Prior to calling Term Bonds for redemption, <br />the Issuer shall withdraw from the Sinking Fund and from the Bond <br />Amortization Account and set aside in separate accounts or depo- <br />sit with the paying agents the respective amounts required for <br />1= <br />