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therein, to pay the Bonds or the interest thereon, or be entitled to payment of such principal and interest from any funds of the County other than the Pledged Funds. SECTION 16. SECURITY FOR BONDS; RELEASE OF CERTAIN PLEDGED REVENUES. The payment of the principal of, premium, if any, and interest on the Bonds shall be secured forthwith equally and ratably by a pledge of and a lien upon the Pledged Funds. The County does hereby irrevocably pledge the Pledged Funds to the payment of the principal of, premium, if any, and interest on the Bonds, to the extent and in the manner provided herein. Nothing in this Resolution shall constitute or be construed to constitute a conveyance or mortgage of the System or of any part thereof. Notwithstanding any other provision of this Resolution to the contrary, the County may, by resolution of the Board filed with the Clerk'of the Board, except and release from the pledge and lien created by this Resolution, and the phrase "Revenues" as used in this Resolution shall no longer include, the receipts and revenues of the County derived from the Uniform Charges for the use of and services furnished or to be furnished by any water and/or sewer facilities constituting a physically independent system of the County, or any Impact Fees, Special Assessments, Surcharges, Franchise Fees, Fees in lieu of Franchise Fees or other receipts and revenues (other than Uniform Charges) theretofore pledged in connection with the Bonds, as stated in such resolution, if there shall be filed with the Clerk of the Board the following: (1) A certificate of an independent firm of certified public accountants of suitable experience and responsibility: (i) stating that the books and records of the County relating to the collection and receipt of the Revenues and the Operating Expenses have been audited by them for the Fiscal Year immediately preceding the date of the proposed release of such receipts and revenues from the pledge hereunder or for any twelve (12) consecutive month period out of the eighteen (18) consecutive months immediately preceding such date; (ii) setting forth the Revenues, the Uniform Charges, the Operating Expenses and the Net Revenues for the audited period referred to in (i) above, with respect to which such certificate is made; and (iii) stating that the Net Revenues, adjusted to give effect to the proposed release of such receipts and revenues as if the same had occurred at the beginning of such audited period, were equal to at least 1.20 times the largest amount of principal and interest that will mature and become due in any Fiscal Year thereafter on all Bonds then outstanding. For purposes of (iii) above, (A) Revenues, Uniform Charges and Operating Expenses may be further adjusted so as to fairly represent the operation of the System, provided that the amount and a detailed reason for each such adjustment is set forth in such certificate; (B) Net Revenues may also be adjusted for (I) the pro forma effect of rates implemented prior to the proposed release of such receipts and revenues and (II) new customers added to the System during the test period; and (C) any amounts owed to the issuer of a Reserve Account Credit Instrument (hereinafter defined) as a result of a draw thereon, as appropriate, shall be added to the principal and interest payable on Bonds to determine compliance with the foregoing test; 18