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pay all Bond principal, interest, and premium, if any, that will
<br />be due and payable by the close of business on the fifteenth
<br />business day following the date the City makes the payment to the
<br />Trustee, as provided in Section 4,3,2,1 hereof, Bond payments
<br />will be considered due and payable, on scheduled maturity and
<br />payment dates, on mandatory redemption dates, an optional
<br />redemption dates if notice of redemption has been given, and on
<br />and after a declaration of acceleration pursuant to Section 9,3
<br />hereof .
<br />4,2,3.3. Debt Service Reserve Account Transfers. The
<br />City shall pay to the Trustee for credit to the Debt Service
<br />Reserve Account the amounts required by Section 4.3.2.2 hereof,
<br />on the dates required by Section 4,3,2,2,
<br />4.2.3,4, operating and Capital Reserve. There is
<br />hereby established a separate special account in the Airport
<br />Fund, to be known as the "Operating and Capital Reserve
<br />Account." As of the last business day of each fiscal year,
<br />commencing no later than the 1988--1989 fiscal year, the City,
<br />after making the payments described in Section 4,2,3,1 through
<br />4.2.3,3 hereof, shall credit to the Cperating and Capital Reserve
<br />Account Net. Revenues an amount equal to ten percent of the
<br />Operation and Maintenance Exenses for that fiscal year, until
<br />there shall be on credit to this account the aggregate sum of
<br />$750,000, or such greater amount as may be expressly agreed
<br />between the City and scheduled passenger airlines or, in the
<br />absence of such agreement, such greater amount as the City may
<br />from time to time require. Except as provided in Section 4.2,4
<br />hereof, the money on credit to the Cperating and Capital Reserve
<br />Account may be used by the City at any time for any lawful
<br />Airport purpose, ~nclud~ng paying Airport Costs. If the balance
<br />in~the Operating and Capital Reserve Account at any time falls
<br />below $750,000, ar such greater amount as may be expressly agreed
<br />between the City and scheduled passenger airlines or, in the
<br />absence of such agreement, such greater amount as the City may
<br />from time to time require, the City shall resume the credits
<br />specified at the beginning of this section until the balance
<br />equals that amount,
<br />4.2.3.5, ether Uses. Amounts on credit to the
<br />Operating Account may be used for any lawful purpose related to
<br />the Airport or this Ordinance, but only if all amounts required
<br />to be paid ar credited by Sections 4,2.3,1 through 4,2.3,4 hereof
<br />have been paid or credited, or any deficiency resulting from a
<br />failure to make such payments or credits has been remedied.
<br />However, na money on credit to the Operating Account shall be
<br />used for any purpose including payment of Subordinate
<br />Obligations other than a credit or payment described in Sections
<br />4.2,3.1 through 4.2,3,4 hereof, if such use would reduce the
<br />balance on credit to the Operating Account to such a level that,
<br />when that balance is combined with Revenues the City reasonably
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