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funds in the Reserve Account shall be transferred to the Revenue <br />® Fund. <br />Notwithstanding the foregoing provisions, in lieu of the <br />required deposits into the Reserve Account, the Issuer may cause <br />to be deposited into the Reserve Account a municipal bond <br />insurance policy issued by a reputable and recognized municipal <br />bond insurer with the highest rating from A. P1. Best & Company, <br />or a letter of credit from a bank or trust company whose letter <br />of credit results in the rating of municipal obligations in one <br />of the.3 highest categories of either Moody's Investors Service, <br />Inc., or Standard & Poor's Corporation, for the benefit of the <br />Registered Owners in an amount equal to the difference between <br />the Reserve Account Requirement and the sums then on deposit in <br />the Reserve Account, if any, which Reserve Account insurance <br />policy or letter of credit shall be payable or available to be <br />drawn upon, as the case may be (upon the giving of notice as <br />required thereunder), on any Bond interest payment date on <br />which a deficiency exists which cannot be cured by money in any <br />other fund or account held pursuant to this resolution and <br />available for such purpose. If a disbursement is made under the <br />Reserve Account insurance policy or letter of credit, the Issuer <br />shall be obligated to either reinstate the maximum limits of such <br />Reserve Account insurance policy or letter of credit immediately <br />following such disbursement, to the Reserve Account Requirement, <br />or to deposit into the Reserve Account from the Pledged Funds, as <br />herein provided, funds in the amount of the disbursement made <br />under such Reserve Account insurance policy or letter of credit; <br />or a combination of such alternatives as shall equal the Reserve <br />Account Requirement. <br />Money in the Reserve Account shall be used only for the <br />purpose of the payment of maturing principal of or interest on <br />the Bonds and maturing Amortization Installments on Term Bonds, <br />if any, when the other money in the Sinking Fund is insuffient <br />therefor, and for no other purpose. <br />-22- <br />