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15 <br /> <br />District solely for the purpose of making deposits into the respective Principal and Interest <br />Account, in the event of any deficiency at any time in such account, or for the purpose of paying <br />the interest on or principal of or redemption premiums, if any, on the Bonds, in the event that no <br />other money is lawfully available therefor. If the aggregate amount of each 2025 Reserve Account <br />is in excess of the Reserve Requirement, a pro rata amount shall be withdrawn from each respective <br />2025 Reserve Account and deposited into the respective Bond Principal and Interest Account. <br />Money in each 2025 Reserve Account shall also be available to make the final payments of interest <br />and principal on the Bonds. <br />Any deficiency in the balance maintained in any 2025 Reserve Account shall be promptly <br />made up from the next available Tax Increment remaining after credits into the respective Principal <br />and Interest Account. If moneys in any 2025 Reserve Account are transferred to the respective <br />Bond Principal and Interest Account to pay principal and interest on outstanding Bonds, then this <br />depletion of the balance in such 2025 Reserve Account shall be made up from the next available <br />Tax Increment after the credits into the respective Bond Principal and Interest Account. <br />(e) General Accounts. Any amounts remaining in each Tax Increment Revenue <br />Account which in aggregate are in excess of (i) the pro rata amount of Tax Increment held in <br />reserve for payment of debt service on the Parity Bonds, and (ii) the amounts payable into each <br />2025 Reserve Account, shall be deposited into the respective General Account of the Allocation <br />Fund and available only for expenditures permitted under the Act. <br />(f) Excess Funds. When the aggregate money in each Allocation Fund is sufficient to <br />pay when due all principal and interest payments for that year on the Parity Bonds, and is not <br />needed for that year for the other purposes described above (including without limitation the <br />maintaining of property taxes collected in a given year in the Allocation Fund as a reserve to pay <br />principal and interest on the Parity Bonds payable in the year following such year of collection in <br />the manner and at the times specified herein), money in each respective Allocation Fund in excess <br />of that amount (the “Excess Funds”) shall be paid to the Controller who shall, deposit such Excess <br />Funds as provided in subsection (g) and (h) below. <br />(g) Payments to Taxing Units in Certain Situations. Except as provided in subsection <br />(h), before August 1 of each year, the Commission shall (1) determine the amount, if any, of Excess <br />Funds in the following year; and (2) notify the Auditor of St. Joseph County of the amount, if any, <br />of the Excess Funds that the Commission has determined may be paid to the respective taxing <br />units entitled thereto, provided that the Commission may not authorize a payment to the respective <br />taxing units under this subsection if to do so would endanger the interests of the holders of the <br />Parity Bonds. <br />(h) General Provisions. <br />a. The Tax Increment, other than the Excess Funds shall be <br />irrevocably pledged for the purpose set forth in this Section 7, on parity with the 2020 <br />Obligation and any bonds or obligations issued or entered into which by their terms are on <br />parity therewith and senior to the payment of the Junior Obligations. <br />b. All money in each of the accounts in each Allocation Fund shall be <br />held in trust for the benefit of the holders of the Parity Bonds and shall be applied, used