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the proposed users of the facilities to be financed by Additional Bonds together <br />with other funds on hand or lawfully obtained for such purpose. <br />(5) If the Issuer, prior to the issuance of the proposed Additional Bonds, <br />shall have obtained new ongoing customers of the System the Net Revenues for the <br />twelve (12) consecutive months shall be adjusted to reflect the additional Net <br />Revenues which would have been derived from the System with respect to such <br />customers, as if such customers had been utilizing the System during all of such <br />twelve (12) consecutive months. <br />(F) In the event any Additional Bonds are issued for the purpose of refunding <br />any Bonds then Outstanding, the conditions of Section 6.02(A) and (B) shall not apply, provided <br />that the issuance of such Additional Bonds shall result in a reduction in aggregate debt service. <br />The conditions of Section 6.02(B) hereof shall apply to Additional Bonds issued to refund <br />Subordinated Indebtedness and to Additional Bonds issued for refunding purposes which cannot <br />meet the conditions of this paragraph. <br />(G) In the event that the total amount of any Series of Bonds authorized to be <br />issued shall not be issued simultaneously, such Bonds which shall be issued subsequently shall be <br />subject to the conditions of Section 6.02(B) hereof. <br />(H) If at any time the Issuer shall enter into an agreement or contract for an <br />ownership interest in any public or privately owned water system or for the reservation of capacity <br />therein whereby the Issuer has agreed as part of the cost thereof to pay part of the debt service on <br />the obligations of such public or privately owned water system issued in connection therewith, <br />such payments to be made by the Issuer shall be junior, inferior and subordinate in all respects to <br />the Bonds issued hereunder, unless such obligations (when treated as Additional Bonds) shall meet <br />the conditions of Section 6.02(B) hereof, in which case such obligations shall rank on parity as to <br />lien on the Pledged Funds with the Bonds. <br />(I) In addition to all of the other requirements specified in this Section 6.02, <br />the Issuer must comply with any applicable provisions of any financing documents relating to <br />outstanding Subordinated Indebtedness to the extent such provisions impact on the ability of the <br />Issuer to issue Additional Bonds. <br />SCHEDULE VIII-3 <br /> <br />