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deposit therein and available to make such payments. No deposit • pursuant to this paragraph need be made to the extent that there is a sufficient amount already on deposit in the Sinking Fund to be applied to the next Maturity to pay interest on Bonds bearing interest at a Fixed Rate through such payment date, in which case such rental payment or proceeds shall be deposited into the Operation and Reserve Fund. (h) In lieu of mandatory Sinking Fund redemption, the Trustee may, at the request of the Authority, purchase in the open market an equal principal amount of Bonds of the Maturity to be redeemed at prices not exceeding the principal amount of the Bonds being purchased plus accrued interest. To the extent that the Authority is acquiring Bonds which bear interest at a Weekly Rate or an Adjustable Long Rate (other than Pledged Bonds) in lieu of mandatory Sinking Fund redemption, such purchase price shall be paid other than from amounts drawn on the Credit Facility. In addition, the amount of Bonds to be redeemed on any date pursuant to the mandatory Sinking Fund redemption schedule provided in Section 511(e) hereof shall be reduced by the principal amount of Bonds of such Maturity which are acquired by the Authority and delivered to the Trustee for cancellation. Section 403. Reserve Fund. The Authority shall establish with the Trustee and maintain so long as any of the Bonds are outstanding a separate fund to be known as the South Bend • Redevelopment Authority College Football Hall of Fame Reserve Fund (the "Reserve Fund"). A deposit shall be made to the Reserve Fund as required by Section 301(c) hereof. Moneys on deposit in the Reserve Fund shall not exceed the Reserve Amount. Money on deposit in the Reserve Fund shall be used to make payment on the Bonds to the extent money in the Sinking Fund is insufficient for such purpose and to reimburse the Credit Facility Issuer for draws on the Credit Facility and to pay any fees of the Credit Facility Issuer. Section 404. Operation and Reserve Fund. The Authority shall establish and maintain with the Trustee a separate fund to be known as the South Bend Redevelopment Authority College Football Hall of Fame Operation and Reserve Fund (the "Operation and Reserve Fund"). The Operation and Reserve Fund shall be used only to pay necessary incidental expenses of the Authority (e.g. required audits, appraisals, meetings and reports) incurred in connection with the Project, the payment of principal, interest and redemption premiums of the Bonds herein described upon redemption or the purchase price of Bonds purchased as authorized by Article V or amounts owed to the Credit Facility Issuer, and if the amount in the Sinking Fund at any time is less than the required amount, the Trustee shall, without any further authorization, transfer funds from the Operation and Reserve Fund to the Sinking Fund in an amount sufficient to raise the amount in the Sinking Fund to the _ required amount. Such action by the Trustee shall not constitute 34