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s Parity Bonds Pursuant to the Resolution,the County may issue additional obligations pledging alien on the Local Government Half-Cent Sales Tax on a parity with the lien on such funds in favor of the Bonds. Such additional obligations may be issued as Capital Appreciation Bonds, Capital Appreciation Income Bonds, Option Bonds, Variable Rate Bonds, Serial Bonds or Term Bonds if the following conditions are met(capitalized terms used and not otherwise defined are defined below): (1) The Finance Director of the County certifies that the County is not in default under the covenants of the Resolution; (2) The Finance Director shall certify at the time of issuance of the Additional Parity Bonds that based on audited financial statements ofthe County,the Local Government Half-Cent Sales Tax received by the County during the most recently completed Fiscal Year immediately preceding the date of issuance of such Additional Parity Bonds shall equal or exceed 1.25 times the portionofMaximum Bond Service Requirement on the Outstanding Bonds anticipated to be paid withLocal Government Half- Cent Sales Tax in accordance with the Resolution and the Maximum Bond Service Requirement for the proposed Additional Parity Bonds. In the event suchAdditional Parity Bonds are to be secured by a source of revenue in addition to the Local Government Half-Cent Sales Tax, such additional revenues(based on the amount received by the County in the most recent Fiscal Year)shall also be considered in determining whether such revenues equal or exceed 1.25 times the Maximum Bond Service Requirement as set forth above. For the purpose ofdetermining the portion ofMaximum Bond Service Requirement onthe Outstanding Bonds"anticipated"to be paid withLocal Government Half-Cent Sales Tax, the difference between the Maximum Annual Bond Service Requirement ofthe Bonds and the sum of the State Payments and the average amount of the Fourth Cent Tourist Development Tax, will be the amount "anticipated"to be paid with Local Government Half-Cent Sales Tax. The average amount of the Fourth Cent Tourist Development Tax shall be determined by adding the amount attributable to one cent of the Tourist Development Tax collected by the County in the four most recently completed Fiscal Years and dividing such total by four. For purposes of the foregoing,the Resolution defines the following terms: "Bond Service Requirement"means,for any Fiscal Year,at any time,the amount required to be deposited in such Fiscal Year into the Debt Service Fund, as provided herein or a similar fund with respect to any Additional Panty Bonds. In calculating such amount, the County shall subtract therefrom any amounts to be transferred from a construction fund or a similar fiord for the purpose ofpaying interest on the Bonds and any 20