2002 ORD O-09-02 - Laserfiche WebLink

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1' V 21 2: 2' 2; 2, 2' 21 2' 2! (b) for transfer to the Operating Reserve Account an amount equal to one (1) year's Maximum Annual Qualified Obligation Service, payable as follows: over a period not to exceed twelve (12) months, and in each such month not less than one twelfth (1/12th) of one (1) year's Maximum Annual Qualified Obligation Service, until such Account contains an amount equal to one (1) year of Maximum Annual Qualified Obligation Service; provided, however, that if any amount is withdrawn from this Account for this purpose, it shall be replenished with all available funds in the Surplus Revenue Account after transfers have been made pursuant to clause (a) of this paragraph (iii); (c) for the payment of all additional installment payments, additional purchase payments or similar payments that have accrued or have been incurred or that are then due and payable with respect to any Qualified Obligations issued or incurred to prepay 1997 Installment Payments; (d) for transfer to the Subordinate Qualified Obligations Sub -account within the Surplus Revenue Account the amount of Subordinate Qualified Obligation Service necessary to be deposited (assuming equal monthly deposits) such that all Subordinate Qualified Obligations may be made as scheduled (to the extent not already transferred to such Sub -account in such month or not otherwise on deposit in such Sub -account) or if less, the entire amount of moneys in the Surplus Revenue Account after transfers have been made pursuant to clauses (a), (b) and (c) of this paragraph (iii); (e) for the payment of all Additional Purchase Payments that have accrued or have been incurred or that are then due and payable; (f) for the payment of all debt service or similarpayments that have accrued or have been incurred or that are then due and payable on any bond, note, warrant, evidence of indebtedness, contract, instrument or other agreement which is payable from Gross Revenues of the Electric System on a basis that is subordinate and junior to the payment of the Subordinate Qualified Obligations; (g) for the payment of all additional installment payments, additional purchase payments and other similar payments that have accrued or have been incurred or that are then due andpayable with respect to any such bond, note, warrant, evidence of indebtedness, contract, instrument or other agreement referred to in clause (f) of this paragraph (iii); (h) for transfer to any fund or account under any trust agreement, indenture of trust or similar agreement relating to the Qualified Obligations, the 2002 Bonds, any other Subordinate Qualified Obligations or any obligation referred to in clause (f) of this paragraph (iii) to the extent of the deficiency in any such fund or account; (i) for transfer to the City's general fund, on a monthly basis, in an amount set by the City Council, but not greater than one -twelfth (1/12th) of ten percent (10%) of the Electric System's Gross Revenues of the preceding Fiscal Year (less (k) the costs and expenses relating to sales of electricity for resale during such Fiscal Year, (y) contributions in aid of construction during such Fiscal Year and (z) the public benefit charge collected pursuant to Assembly Bill 1890) or all available moneys in the Surplus Revenue Account if less than such amount; 45180839.4 Ise