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<br /> pledged and appropriated to the following uses and in the order of <br /> precedence shown: <br /> (a) To the payment of all reasonable and proper expenses of <br /> operating and maintaining the System as set forth in the definition <br /> of "Net Revenues" contained in Section 1.01 hereof. <br /> (b) To the payment of all amounts prescribed for the <br /> outstanding Priority Obligations in accordance with the terms and <br /> provisions of the ordinances authorizing the issuance thereof. <br /> (c) To the payment of all amounts requi red to be deposited <br /> in the Second Revenue Fund in accordance with the terms of the <br /> ordinance authorizing the issuance of the Series 1984-A Certificates. <br /> (d) To the payment, without priority, of all amounts <br /> required to be deposited in the Series 1984-A Interest and Sinking <br /> Fund and in the Interest and Sinking Fund herein established for the <br /> payment of the Parity Revenue Obligations. <br /> (e) To the payment of all amounts required to be deposited <br /> in the Reserve Fund pursuant to this Ordinance or any ordinance <br /> relating to the issuance of Parity Revenue Obligations. <br /> (f) To any other proper City purpose now or hereafter <br /> permitted by law. <br /> Section 8.04. Interest and Sinkinq Fund. <br /> <br /> (a) The City hereby covenants and agrees to make monthly <br /> deposits to the Interest and Sinking Fund from moneys in the Second <br /> Revenue Fund while the Series 1984-A Certificates remain outstanding <br /> and, thereafter, from moneys in the System Fund to pay the principal <br /> of and interest on the Bonds as follows: <br /> (i) Such amounts, deposited in substantially equal <br /> monthly installments on or before the lOth day of each month <br /> following the Closing Date, as will be sufficient, together <br /> with other amounts, if any, then on hand in the Interest and <br /> Sinking Fund and available for such purpose, to pay the <br /> interest scheduled to accrue and become due and payable with <br /> respect to the Bonds on the next succeeding Interest Payment <br /> Date; <br /> (i i) Such amounts, deposited in substantially equal <br /> monthly installments on or before the 10th day of each month <br /> following the Closing Date, as will be sufficient, together <br /> with other amounts, if any, on hand in the Interest and <br /> Sinking Fund and available for such purpose, to pay the <br /> principal scheduled to mature and come due on the Bonds on the <br /> next succeeding Interest Payment Date on which principal of <br /> the Bonds is to be payable. <br /> 4322f <br /> -27- <br />