08-83 Hospital Improvement revenue bonds

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In the case of Additional Bonds to be issued for the purpose of refunding any outstanding Bonds, evidence satisfactory to the Trustee (i) that provision has been made to assure that moneys sufficient to retire the Bonds to be refunded will be available and in the possession of the Trustee at the time provided for the retirement of such Bonds under the plan for refunding and that such moneys are committed to such purpose, and (ii) if such outstanding Bonds are not then considered paid and discharged within the mean- ing of the Indenture, that provision has been made to assure that moneys sufficient to pay interest accrued and to accrue and principal and premium, if any, payable on such Additional Bonds prior to such retirement of the Bonds to be refunded thereby have been deposited in the Debt Service Fund or will be available in the possession of the Trustee at the times required for the payment thereof under the plan for refunding and committed to such purpose without impairment of any provision of or covenant in the Indenture, and from sources other than from the operation of the Hospital Facilities and other than the Debt Service Reserve Fund or the Depreci- ation Reserve Fund except to the extent of any moneys in such Funds in excess of the balances required to be maintained therein under the provi- sions of the Indenture, the transfer of which excess moneys for such purposes is hereby authorized, or will be deposited directly in the Debt Service Fund from appropriate portions of the proceeds from the sale of such Additional Bonds. In making the calculation for purposes of the study provided for in paragraph (b) above, (i) in the case of Additional Bonds for the purpose of paying Costs of Hospital Facilities, the Issuer, at its option, may have excluded from Bond Service Charges that portion there- of, if any, to be provided by grants or payments by the Federal or State government, or any officer, department, agency, instrumentality or corporation thereof or created thereby, under a then existing Rgreemen~, provided that, in such case, there shall be subtracted from the amount of Hospital Receipts in the applicable Fiscal Years the amount, if any, then received under such agreement but not exceeding an amount equal to the amount so excluded from Bond Service Charges for that Fiscal Year; and (ii) in the case of Additional Bonds for the purpose of refunding any oqtstanding Bonds, payments into the Debt Service Fund on account of Bond Service Charges on such Additional Bonds, unless paid from Hospital Receipts, may be used in lieu of and to the exclusion of such payments on account of Bond Service Charges on the Bonds to be refunded thereby. To the extent that the amount of deposits required ~o be made under the Indenture are to be determined on the basis of the principal amount of or the Bond Service Charges on Bonds outstanding, in deter- mining the amounts of such deposits made or to be made while there