Reserve Fund. The Issuing Trustee shall set aside from the amounts deposited in the Result of the Issuance Accounts, or in the Income Account (and from the accounts mentioned on Section A above, as appropriate) the amounts necessary to reach the required sum to create and preserve a fund (the "Reserve Fund") into which they shall be deposited, the amounts necessary to make the tax payments that, according to the applicable law, the Issuing Trustee shall withhold and file from the amounts payable to the Holders, as appropriate, as well as the payments of the principal and interests, corresponding to the Holders of the Notes on the next Payment Date. From the Issuance Date and thereafter within the 3 (three) Business Days following each Payment Date, the Master Servicer will determine the amount that shall be kept in the Reserve Fund to cover the tax payments that, according to applicable law, the Issuing Trustee shall withhold and file from the amounts to be paid to the Holders, as appropriate, the payments of ordinary and delinquent interests due and not paid in previous Payments Dates, and the interests and principal that would have to be made on the next Payment Date. According to the provisions of theBond Administration Agreement, the Master Servicer shall determine the amounts that will be required to make such payments, according to the Notes, and shall notify the Common Representative not later than 3 (three) Business Days after the issuance and placement of the Senior Notes regarding the first Interest Period and then 3 (three) days after each Payment Date. The amounts on the Reserve Fund shall be used first to pay the amounts to the Senior Notes. Once the payments of the Senior Notes have been made, the balance of the Reserve Fund shall be used to pay the amounts to the Subordinated Notes according to the provisions of Section 8 of the Trust. In case that, immediately after making the aforementioned payments in each Payment Date there were remaining resources in the Reserve Fund, the Issuing Trustee shall transfer the balance to the General Fund. D. General Fund. All the amounts deposited into the Income Account (and in the other accounts mentioned in Subsection A above) after setting aside the necessary amounts to maintain the required balances in the Issuance Maintenance Fund and the Reserve Fund, shall become a part of the General Fund, and unless they have to be used for other concepts as provided in Section 8 of the Trust, they will be used by the Issuance ...
