Guam § 5 - Application of Bond Reserve Fund.

§ 5. Application of Bond Reserve Fund.

All amounts in the Bond Reserve Fund shall be used and

withdrawn by the Trustee solely for the purpose of making up any

deficiency in the Bond Fund in the manner and to the extent set

forth in § 5.06. Upon the Request of the Government, any amount

in the Bond Reserve Fund in excess of the Bond Reserve Fund

Requirement may be transferred to the Revenue Fund on the fifth

day after any Principal Payment Date.

If and to the extent provided by a Supplemental Indenture

authorizing the issuance of an additional Series of Bonds and with

respect to the 1997 Series A Bonds, the portion of the Bond

Reserve Fund Requirement allocable to such Series may be

wholly or partially satisfied by a Credit Facility. Notwithstanding

anything to the contrary contained hereinbefore in this Section or

in Article IV, such Supplemental Indenture may also provide, and

with respect to the 1997 Series A Bonds this Indenture hereby

provides, that if a drawing or claim on such Credit Facility is

honored, amounts available under § 5.02(C) for deposit in the

Bond Reserve Fund shall be applied by the Trustee to reimburse,

as soon as practicable, the amount of each payment honoring such

drawing or claim, and the Trustee shall give any notice of such

reimbursement required by the applicable Credit Agreement.