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EXHIBIT I <br />AMBAC INDEMNITY OFFICIAL STATEMENT DISCLOSURE <br />AND SUGGESTED LANGUAGE FOR THE NOTICE OF SALE, <br />BOND LEGEND, COVER PAGE OF OFFICIAL STATEMENT, <br />AND RATINGS SECTION OF OFFICIAL STATEMENT <br />AMBAC INDEMNITY OFFICIAL STATEMENT DISCLOSURE <br />Payment Pursuant to Municipal Bond Insurance Policy <br />AMBAC Indemnity has made a commitment to issue a municipal bond insurance policy (the <br />"Municipal Bond Insurance Policy") relating to the Bonds effective as of the date of <br />issuance of the Bonds. Under the terms of the Municipal Bond Insurance Policy, AMBAC <br />Indemnity will pay to the United States Trust Company of New York, in New York, New York <br />or any successor thereto (the "Insurance Trustee") that portion of the principal of and <br />interest on the Bonds which shall becoiie Due for Payment but shall be unpaid by reason <br />of Nonpayment by the Issuer (as such terms are defined in the Municipal Bond Insurance <br />Policy). AMBAC Indemnity will make such payments to the Insurance Trustee on the later <br />of the date on which such principal and interest becomes Due for Payment or within one <br />business day following the date on which AMBAC Indemnity shall have received notice of <br />Nonpayment from the Trustee/Paying Agent. The insurance will extend for the term of the <br />Bonds and, once issued, cannot be canceled by AMBAC Indemnity. <br />The Municipal Bond Insurance Policy will insure payment only on stated maturity dates and <br />on mandatory sinking fund installment dates, in the case of principal, and on stated dates <br />for payment, in the case of interest. If the Bonds become subject to mandatory redemption <br />and insufficient funds are available for redemption of all outstanding Bonds, AMBAC <br />Indemnity will remain obligated to pay principal of and interest on outstanding Bonds on the <br />originally scheduled interest and principal payment dates including mandatory sinking fund <br />redemption dates. In the event of any acceleration of the principal of the Bonds, the insured <br />payments will be made at such times and in such amounts as would have been made had <br />there not been an acceleration. <br />In the event the Trustee/Paying Agent has notice that any payment of principal of or interest <br />on a Bond which has become Due for Payment and which is made to a Bondholder by or <br />on behalf of the Issuer has been deemed a preferential transfer and theretofore recovered <br />from its registered owner pursuant to the United States Bankruptcy Code in accordance <br />with a final, nonappealable order of a court of competent jurisdiction, such registered owner <br />will be entitled to payment from AMBAC Indemnity to the extent of such recovery if sufficient <br />funds are not otherwise available. <br />15 <br />