Guam § 5 - Allocation of Revenues.

§ 5. Allocation of Revenues.

On or before the [fifth] day of each calendar month following

the calendar month in which the 1997 Series A Bonds are

delivered, the Depositary shall transfer from the Revenue Fund (to

the Trustee as necessary), for deposit into one or more of the

following respective separate funds, the following amounts in the

following order of priority, the requirements of each such fund or

account (including the making up of any deficiencies in any such

fund or account resulting from lack of Revenues sufficient to

make any earlier required deposit) at the time of deposit to be

satisfied, and the results of such satisfaction being taken into

account, before any transfer is made to any account subsequent in

priority:

(A) into the Bond Fund held by the Trustee, an amount

equal to the sum of (1) the aggregate amount of interest to

accrue on the Bonds during the next succeeding calendar

month upon all Bonds then Outstanding, plus (2) an amount

which, if paid in equal monthly installments in each month

prior to the next Principal Payment Date, would aggregate to

the amount of principal becoming due and payable on the

Outstanding Serial Bonds on such Principal Payment Date,

plus (3) an amount which, if paid in equal monthly

installments in each month prior to the next Principal

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Payment Date, would aggregate to the aggregate amount of

Mandatory Sinking Account Payments required to be paid for

the Outstanding Term Bonds on such Principal Payment

Date;

(B) into the Rebate Fund held by the Trustee, the

amount, if any, required to be deposited therein pursuant to