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`■ <br />2 <br />3 <br />CI <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 1 <br />WI <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />(i) Electric System Revenue Account (the "Revenue Account"); <br />(ii) Electric System Maintenance and Operation Account (the <br />"M&O Account"); <br />(iii) Electric System Qualified Obligations Account (the "Qualified <br />Obligations Account"); and <br />(iv) Electric System Surplus Revenue Account (the "Surplus <br />Revenue Account"). <br />(b) The Treasurer shall maintain the Electric System Revenue Fund and <br />the accounts therein so long as any of the Qualified Obligations remain <br />Outstanding. <br />Section 3: Flow of Gross Revenues: <br />The Treasurer shall deposit the Gross Revenues of the Electric System, as <br />received in the Revenue Account. On or before the 20th day of each calendar month, the <br />Treasurer shall withdraw the entire amount on deposit in the Revenue Account and shall <br />allocate and deposit such amount in the indicated priority to the following accounts and <br />funds: <br />(i) First, there shall be transferred to the M&O Account an <br />amount sufficient for the payment of Maintenance and <br />Operation Expenses as said expenses become due and <br />payable; <br />(ii) Second, there shall be transferred to the Qualified Obligation <br />Account the amount of Qualified Obligation Service with <br />respect to such calendar month (to the extent not already <br />transferred to such Account in such month or not otherwise on <br />deposit in such Account), or the entire amount of Gross <br />Revenues then available for transfer to the Qualified <br />Obligation Account, whichever is less; and <br />(iii) Third, all monies remaining in the Revenue Account after the <br />3005-00002 <br />2878_1 -2- <br />