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B. The Series 1993 Bond Insurer shall receive prior written notice of any resignation of a Paying Agent. C. No successor Paying Agent shall be appointed unless the Series 1993 Bond Insurer approves the selection of such successor in writing. D. Notwithstanding any other provision of this Resolution, no removal, resignation or termination of the Paying Agent shall take effect until a successor, acceptable to the Series 1993 Bond Insurer, shall be appointed. SECTION 23. SERIES 1993 BOND INSURER MAY CONTROL PROCEEDINGS. Anything in this Resolution to the contrary notwithstanding, while the Series 1993 Bond Insurance Policy is in effect, any of the Series 1993 Bonds are outstanding and have not been defeased in accordance herewith, and the Series 1993 Bond Insurer is not in default with respect to the Series 1993 Bond Insurance Policy, bankrupt, insolvent or in receivership, then upon default by the County as to payment of the principal of, premium, if any, and interest on Series 1993 Bonds when and as the same become due upon maturity, any earlier redemption, or otherwise, or as to the observance of any covenant of this Resolution, the Series 1993 Bond Insurer shall be entitled to control and direct the enforcement of all rights and remedies granted to the holders of Series 1993 Bonds or the Paying Agent for the benefit of the holders of Series 1993 Bonds under this Resolution. SECTION 24. PROCEDURE FOR PAYMENT OF SERIES 1993 BONDS PURSUANT TO THE SERIES 1993 BOND INSURANCE POLICY. While the Series 1993 Bond Insurance Policy is in effect and any Series 1993 Bonds insured thereunder (herein, the "Series 1993 Insured Bonds") remain outstanding, the County and the Bond Registrar and the Paying Agent for any Series 1993 Insured Bonds agree to comply with the following provisions: A. At least one (1) day prior to all interest payment dates for Series 1993 Insured Bonds, the Paying Agent will determine whether there will be sufficient available funds in the Funds and Accounts maintained by the County or the Paying Agent under this Resolution to pay the principal of or interest on the Series 1993 Insured Bonds on such interest payment date. If the Paying Agent determines that there will be insufficient funds in such Funds or Accounts, the Paying Agent shall so notify the Series 1993 Bond Insurer and the Bond Registrar. Such notice shall specify the amount of the anticipated deficiency, the Series 1993 Insured Bonds to which such deficiency is applicable and whether such Series 1993 Insured Bonds will be deficient as to principal or interest, or both. If the Paying Agent has not so notified the Series 1993 Bond Insurer at least one (1) day prior to an interest payment date, the Series 1993 Bond Insurer will make payments of principal or interest due on the Series 1993 Insured Bonds on or before the first (1st) day next following the date on which the Series 1993 Bond Insurer shall have received notice of nonpayment from the Paying Agent. B. The Bond Registrar and the Paying Agent shall, after notice has been given to the Series 1993 Bond Insurer as provided in A above, make available to the Series 1993 Bond Insurer and, at the Series 1993 Bond Insurer's direction, to the United States Trust Company of New York, as insurance trustee for the Series 1993 Bond Insurer or any successor insurance trustee (the "Series 1993 Insurance Trustee"), the registration books of the County maintained by the Bond Registrar and all records relating to the Funds and Accounts maintained under this Resolution. 28