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"A. The County shall furnish the following to AMBAC: <br />(1) as soon as practicable after the filing <br />thereof, a copy of any financial statement of the County <br />and a copy of any audit and annual report of the County; <br />(2) a copy of any notice to be given to the <br />Registered Owners of the Series 1985 Bonds and the <br />Series 1991 Bonds, including, without limitation, notice <br />of any redemption of or defeasance of Series 1985 Bonds <br />or Series 1991 Bonds, and any certificate rendered <br />pursuant to the Master Bond Resolution relating to the <br />security for the Series 1985 Bonds and the Series 1991 <br />Bonds; and <br />(3) such additional information AMBAC may <br />reasonably request. <br />"B. The County shall notify AMBAC of any failure of the County to provide <br />r of the items enumerated in paragraphs (1) or (2) of subsection A of this <br />:tion. <br />"C. The County will permit AMBAC to discuss the affairs, finances and <br />:aunts of the County or any information AMBAC may reasonably request regarding <br />security for the Series 1985 Bonds and the Series 1991 Bonds with appropriate <br />ricers of the County. The County will permit AMBAC to have access to the <br />►,eject and to have access to and to make copies of all books and records <br />.ating to the Series 1985 Bonds and the Series 1991 Bonds at any reasonable <br />�e. <br />"D. AMBAC shall have the right to direct an accounting of the Pledged <br />itis and other funds and revenues pledged as security for the Series 1985 Bonds <br />l the Series 1991 Bonds, at the County's expense, and the County's failure to <br />r`►ly with such direction within thirty (30) days after receipt of written <br />Ace of the direction from AMBAC shall be deemed a default hereunder; provided, <br />raver, that if compliance cannot occur within such period, then such period <br />1 be extended if compliance is begun within such period and diligently <br />'Glued, but only if such extension would not materially adversely affect the <br />arests of any Registered Owner of any of the Series 1985 Bonds or the Series <br />1 Bonds. <br />"E. Notwithstanding any other provision of this Resolution, the County <br />11 immediately notify AMBAC if at any time there are insufficient moneys to <br />di any payments of principal and/or interest as required and immediately upon <br />occurrence of any event of default hereunder. <br />- 10 - <br />