08-83 Hospital Improvement revenue bonds

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Fourth: And, in each such case and at each such time, such amounts as may be necessary to make up any previous deficiency in any of the aforesaid periodic payments and to make up any deficiency or loss in any of the foregoing Funds, includ- ing the restoration of any payments made from any such Fund required pursuant to the Inden- ture. (b) There is hereby established with the Trustee and ordered maintained in a separate deposit account (except when invested as here- inafter provided), the trust funds to be designated: "The City of Lakewood Hospital Debt Service Fund" (the "Debt Service Fund"); "The City of Lakewood Hospital Debt Service Reserve Fund" (the "Debt Service Reserve Fund"); and "The City of Lakewood Hospital Depreciation Reserve Fund" (the "Depreciation Reserve Fund"). Ail of said Funds shall be in the custody of the Trustee, and together with the earnings and invest- ments therein shall be held in trust for the Bondholders, and except as otherwise herein or in the Indenture provided, shall be used and applied solely for the payment of Bond Service Charges and, to the extent pro- vided in this Bond Legislation, for the redemption and purchase of Bonds including any premium thereon. (c) On or before each date when Bond Service Charges are due and payable, the Trustee shall transmit from moneys in the Debt Service Fund applicable thereto to any other Paying Agents, as appropriate, amounts sufficient to meet payments to be made by them of Bond Service Charges to be then due and payable; provided that to. the extent that the amount needed by any other Paying Agent is not sufficiently predictable, the Trustee may make such credit arrangements with such Paying Agent as to permit meeting such payments. (d) Until required for the purposes for which held, moneys in the Debt Service Fund, the Debt Service Reserve Fund and the Deprecia- tion Reserve Fund may be invested as provided in Section 18(i) hereof. Investments in all such Funds, when and as directed by the Fiscal Offi- cer, may be sold, surrendered, exchanged, or otherwise disposed of. In computing the amount held in any such Fund at any time, the investments therein shall be valued at.the lower of cost or current market value. The Trustee shall compute the amounts held in the Debt Service Reserve Fund at least annually on or prior to the twentieth (20th) day of any month preceding a month in which a Principal Retirement Date occurs and shall inform the Issuer in writing of the result of such computation prior to such Principal Retirement Date. The investment income on moneyp held in each Special Fund shall be credited pursuant to and in accordance with Section 18(i) hereof. (e) In the event that at any time the moneys in the Debt Service Fund are insufficient on any Principal Retirement Date or Inter- est Payment Date to pay the principal and/or interest to be paid from the Debt Service Fuhd on such date, and in the event that the amounts in the Depreciation Reserve Fund are not adequate to make up such insuffic- iency fully, then the Trustee shall, without necessity for further -34-