11-14-01 1. INDENTURE OF TRUST - Laserfiche WebLink

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than because of mandatory sinking fund redemption),and as may be required by any provision of the Loan Agreement or this Indenture. Amounts on deposit to the credit of the Optional Redemption Fund shall be used,first,to make up deficiencies in the Senior Debt Service Account ofthe Bond Fund(to the extent described in Section 5.02(a)) and, second, for the payment of principal of or, premium, if any, and interest on Bonds as a result of the redemption of outstanding Bonds at the request or direction of the Borrower pursuant to Article III or,at the request of the Borrower, for the purchase of outstanding Bonds on the market at prices not exceeding the redemption price on the next available date for redemption. Upon receipt by the Trustee,investment income on amounts in the Optional Redemption Fund shall be deposited in the Revenue Fund. The Borrower shall have no right,title or interest in any amounts from time to time in the Optional Redemption Fund. Section 5.04 Debt Service Reserve Fund. On the Date of Issuance for the Series 2001 Bonds, a sum equal to the Debt Service Reserve Requirement shall be deposited into the Debt Service Reserve Fund as provided in Section 4.02, and thereafter amounts shall be deposited in the Debt Service Reserve Fund as provided in Section 5.01 and this Section. : . .. - , .. - . .. - - ; - • - - • - - - • . . . - • : - • - - •. . . 11 . .. 11 . gh . . - .. • . ••• • . II • . I . . . I • . • . - •. , I . •. - - . • ■ . I, . •, . . .. - • . •. I• . I Service Account; and third, f,o,n amounts in the Repair and Replacement Fund: The Trustee shall also deposit into the Debt Service Reserve Fund all installments of Loan Repayments or portions thereof required to be paid under Section 4.02(e)of the Loan Agreement. The Trustee shall also deposit into the Debt Service Reserve Fund all other amounts required to be deposited into the Debt Service Reserve Fund under the Loan Agreement. On any date on which amounts in the Debt Service Reserve Fund are less than the Debt Service Reserve Requirement,the amount of such deficiency(to the extent of available funds and after any transfers required to be made to the Senior Debt Service Account of the Bond Fund or the Taxes and Insurance Fund) shall be transferred:first,from amounts in the Surplus Fund;second,from amounts in the Subordinate Debt Service Account of the Bond Fund;and third,from amounts in the Repair and Replacement Fund. If,after such transfers from the Surplus Fund, the Subordinate Debt Service Account of the Bond Fund and the Repair and Replacement Fund,the amounts in the Debt Service Reserve Fund are less than$285,000, the Trustee shall declare the existence of an Event of Default and shall take any and all actions as described in Article VII herein to remedy such default. Each investment credited to the Debt Service Reserve Fund shall mature or be callable at the option of the holder within three(3)years. In computing the amount in the Debt Service Reserve Fund,investments credited thereto shall be valued at face value if purchased at par or at the amortized value if purchased at other than par; provided,however,that such investments in the Debt Service Reserve Fund are required to be valued only on each November 1.For purposes of this Section,"amortized value,"when used with respect to an obligation purchased at a premium above or at a discount below par, means the value as of any given - 42 -