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<br /> <br />held pursuant to the provisions of this Zadenture), <br />in-the order of their due dates and beginning with <br />the earliest due date (with interest on overdue <br />installments of principal and premium, if any, to <br />the extent permi-tted by law, at the Late Payment <br />Rate) and; if the amount available shall not be <br />sufficient to pay in full Bonds due on any particu- <br />lar date, then to the payment ratably, according to <br />the amount of principal due on such date, to the <br />persons entitled thereto without any discrimination <br />or privilege; and <br />THIRD To be held for the payment to the per- <br />sons entitled thereto as the same shall become due <br />of the principal of and premium, if any, and inter- <br />est on the Bonds which may thereafter become due <br />either at maturity or upon call for redemption <br />grior to maturity and, if the amount available <br />shall not be sufficient to pay in full Bonds due on <br />any particular data, together with interest then <br />due and owing thereon, payment shall be made rat- <br />ably according to the amount o£ principal due on <br />such date to the persons entitled thereto without <br />any discrimination or privilege. <br />(b} If the principal of all the Bonds shall have <br />become due or shall have been declared due and payable, <br />all such moneys shall be applied to the payment of the <br />principal and interest then due and unpaid upon the <br />Bonds, without preference or priority of principal over <br />interest or of interest over principal, or of any <br />installment of interest over any other installment of <br />interest, or of any Bond over any other Bond, ratably, <br />according to the amounts due, respectively, for princi- <br />pal and interest, to the persons entitled thereto with- <br />out any discrimination or privilege, with interest on <br />overdue installments of interest or principal, to the <br />extent permitted by law, at the Late Payment Rate. <br />(c) If the principal of all the Bonds shall have <br />been declared due and payable and if such declarations <br />shall thereafter have been rescinded and a.-mulled under <br />the provisions of this article, then, subject to the <br />provisions of Section 9.08(b) hereof, in the event that <br />the principal of all the Bonds shall later become due or <br />be declared due and payable, the moneys shall be applied <br />in accordance with the provisions of Section 9.08(a) <br />hereof. <br />-33- <br /> <br /> <br />U <br />J <br /> <br />