08-83 Hospital Improvement revenue bonds

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there shall be transferred (i) to the Debt Service Reserve Fund established pursuant to Section 16 hereof, an amount equal to the Bond Reserve Requirement for the Series 1983-A Bonds, (ii) to the Construction Fund estab- lished pursuant to Section 15 hereof, an amount, if available, to cause the amounts deposited or to be depo- sited to said Construction Fund pursuant to Sections 8(f) and 18(i) hereof, when added thereto, to suffice for the payment of the remaining costs of the 1982 Project, as defined in the Prior Indenture, which amount shall be determined in the Certificate of Award, and (iii) to the Trustee under the Prior Indenture for deposit in the Escrow Account and for investment and application in accordance with the Escrow Agreement, the balance, if any; (e) from the Depreciation Reserve Fund established pursuant to the Prior Indenture, the entire balance shall be transferred to the Depreciation Reserve Fund established pursuant to Section 16 hereof; and (f) from the Series 1983 Construction Fund established pur- suant to the Prior Indenture, the entire balance shall be transferred to the Construction Fund established pursuant to Section 15 hereof. Any investments held in any of the Special Funds established pursuant to the Prior Indenture to be transferred pursuant to clauses (a) through (f) above to any Special Fund established pursuant to this Bond Legis- lation shall be valued at the current market value thereof at the time of the execution and delivery of the Purchase Contract or at any time within five business days prior to such execution and delivery for purposes of determining the sufficiency of any amounts so transferred for any purpose. Section 9. Redemption of Series 1982 Bonds. The Issuer's outstanding Hospital Improvement Revenue Bonds - 1982 Series, dated February 1, 1982 (the "Series 1982 Bonds") maturing after February 1, 1992 (hereinafter in this Section 9 referred to as the "Redemption Date") are hereby called for redemption on the Redemption Date, and the Issuer hereby covenants with the Trustee and with the holders of the Bonds (as defined in Section 1 of this Bond Legislation) that it will at no time hereafter modify or rescind such call for redemption, that it will take and will cause the Trustee to take all further steps required by the terms of the Series 1982 Bonds and by the Prior Indenture to perfect such call for redemption, and that it will provide, from the proceeds of the Series 1983-A Bonds and other available sources, moneys and securities sufficient to pay in full all principal of and interest and premium on the Series 1982 Bonds which will be due and payable on or prior to the Redemption Date. -24-