Common use of Funds and Accounts Clause in Contracts

Funds and Accounts. (a) The Treasurer shall continue to maintain or cause to be maintained the following funds and accounts, heretofore created pursuant to Section 1210 of the City Charter, as provided for in the 1984 Bond Resolution, the 1986 Bond Resolution, the 1988 Bond Resolution, the 1990 Bond Resolution, the 1992 Bond Resolution, the 1993 Bond Resolution and the 2004 Bond Resolution so long as any Senior Bonds or Qualified Obligations remain Outstanding: (1) Water Enterprise Fund (the “Water Enterprise Fund”), and the following accounts therein: (A) Water System Revenue Account (the “Revenue Account”); and (B) Water System Maintenance and Operating Account (the “M&O Account”); and (C) Water System Renewal and Replacement Account (the “R&R Account”); and (D) Water System Extension and Improvement Account (the “E&I Account”); and (E) Water System Revenue Bond Reserve Fund (the “Reserve Fund”); (b) The Treasurer shall continue to maintain or cause to be maintained the following accounts, heretofore created under the 1984 Bond Resolution, so long as any Senior Bonds or Qualified Obligations remain outstanding: (1) Water System Revenue Bond and Interest Account (the “Bond Service Account”); and (2) Water System Revenue Bond Sinking Account (the “Sinking Account”).

Funds and Accounts. (a) The Treasurer shall continue to maintain or cause to be maintained the following funds and accounts, heretofore created pursuant to Section 1210 of the City Charter, as provided for in the 1984 Bond Resolution, the 1986 Bond Resolution, the 1988 Bond Resolution, the 1990 Bond Resolution, the 1992 Bond Resolution, the 1993 Bond Resolution and the 2004 Bond Resolution so long as any Senior Bonds Bonds, Qualified Obligations or Second Lien Qualified Obligations remain Outstanding:. (1) Water Enterprise Fund (the “Water Enterprise Fund”), and the following accounts therein: (A) Water System Revenue Account (the “Revenue Account”); and (B) Water System Maintenance and Operating Account (the “M&O Account”); and (C) Water System Renewal and Replacement Account (the “R&R Account”); and (D) Water System Extension and Improvement Account (the “E&I Account”); and (E) Water System Revenue Bond Reserve Fund (the “Reserve Fund”); (b) The Treasurer shall continue to maintain or cause to be maintained the following accounts, heretofore created under the 1984 Bond Resolution, so long as any Senior Bonds or Qualified Obligations remain outstanding: (1) Water System Revenue Bond and Interest Account (the “Bond Service Account”); and (2) Water System Revenue Bond Sinking Account (the “Sinking Account”).