Laserfiche WebLink
authorization, direction, or prior consent from or consultation with the <br />Issuer, withdraw and transfer such amounts as may be necessary to make <br />up any such deficiency from the Debt Service Reserve Fund and transfer <br />such amounts to the Debt Service Fund Any such amount transferred from <br />the Debt Service Reserve Fund shall be restored as provided in paragraph <br />Second of this Section. <br /> <br /> When an Event of Full Funding has occurred and while such <br />Event of Full Funding continues, the Trustee shall, without necessity <br />for further authorization, direction, or prior consent from or consul- <br />tation with the Issuer, transfer from the Debt Service Reserve Fund to <br />the Debt Service Fund an amount equal to the principal of the Bonds <br />maturing (whether by payment at the stated maturity or by mandatory <br />redemption in accordance with the Principal Retirement Schedule) on the <br />next succeeding Principal Retirement Date. <br /> <br /> (f) On or before the 120th day following the end of each <br /> Fiscal Year, commencing with Fiscal Year 1984, the Issuer shall cause <br /> the Operator to have prepared by the Auditor and delivered to the <br /> Trustee a Schedule of Depreciation and Principal Requirements, which <br /> shall contain the following: <br /> <br /> (1) The depreciation of the Hospital Facilities <br /> ("Depreciation"), assuming no further capital <br /> expenditures, for each Fiscal Year commencing <br /> with the Fiscal Year for which the Schedule is <br /> prepared and ending with the second preceding <br /> Fiscal Year before the Fiscal Year in which all <br /> outstanding Bonds will, according to their <br /> stated maturities, cease to be outstanding, <br /> calculated in accordance with generally ac- <br /> cepted accounting principles. <br /> <br /> (2) The principal amount of Bonds to be retired in <br /> each such Fiscal Year ("Principal Require- <br /> ments). <br /> <br /> (3) A comparison of Depreciation, as shown ix (1) <br /> above, With Principal Requirements, as shown in <br /> (2) above, showing those Fiscal Years in which <br /> Depreciation exceeds Principal Requirements <br /> ("Excess Depreciation Years"), and those Years <br /> in which Principal Requirements exceed Depre- <br /> ciation ("Depreciation Shortfall Years"), and <br /> showing for each Excess Depreciation Year the <br /> amount by which Depreciation exceeds Principal <br /> Requirements ("Excess Depreciation") and for <br /> each Depreciation Shortfall Year the amount by <br /> which the Principal Requirements exceed Depre- <br /> ciation ("Depreciation Shortfall"). <br /> <br />-35- <br /> <br /> <br />