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C. The Bond Registrar shall provide the Series 1993 Bond Insurer and the Series 1993 Insurance Trustee with a list of registered owners of Series 1993 Bonds entitled to receive principal or interest payments from the Series 1993 Bond Insurer under the terms of the Series 1993 Bond Insurance Policy, and shall make arrangements with the Series 1993 Insurance Trustee (i) to mail checks or drafts to the registered owners of Bonds entitled to receive full or partial interest payments from the Series 1993 Bond Insurer and (ii) to pay principal upon Series 1993 Insured Bonds surrendered to the Series 1993 Insurance Trustee by the registered owners of Series 1993 Bonds entitled to receive full or partial principal payments from the Series 1993 Bond Insurer. D. The Paying Agent shall, at the time it provides notice to the Series 1993 Bond Insurer pursuant to A above, notify registered owners of Series 1993 Bonds entitled to receive the payment of principal or interest thereon from the Series 1993 Bond Insurer (i) as to the fact of such entitlement, (ii) that the Series 1993 Bond Insurer will remit to them all or a part of the interest payments next coming due upon proof of Bondholder entitlement to interest payments and delivery to the Series 1993 Insurance Trustee, in form satisfactory to the Series 1993 Insurance Trustee, of an appropriate assignment of the registered owner's right to payment, (iii) that should they be entitled to receive full payment of principal from the Series 1993 Bond Insurer, they must surrender their Series 1993 Bonds (along with an appropriate instrument of assignment in form satisfactory to the Series 1993 Insurance Trustee to permit ownership of such Series 1993 Bonds to be registered in the name of the Series 1993 Bond Insurer) for payment to the Series 1993 Insurance Trustee, and not the Paying Agent, and (iv) that should they be entitled to receive partial payment of principal from the Series 1993 Bond Insurer, they must surrender their Series 1993 Bonds for payment thereon first to the Paying Agent, who shall note on such Series 1993 Bonds the portion of the principal paid by the Paying Agent and then, along with an appropriate instrument of assignment in form satisfactory to the Series 1993 Insurance Trustee, to the Series 1993 Insurance Trustee, which will then pay the unpaid portion of principal. The Bond Registrar shall take such action as shall be appropriate to enable such notice to be given to Bondholders. E. If the Paying Agent has notice that any payment of principal of or interest on an Insured Bond which has become Due for Payment (as that phrase is defined in the Series 1993 Bond Insurance Policy), and which is made to a Bondholder by or on behalf of the County has been deemed a preferential transfer and theretofore recovered from its registered owner pursuant to the United States Bankruptcy Code by a trustee in bankruptcy in accordance with the final, nonappealable order of a court having competent jurisdiction, the Paying Agent shall, at the time the Series 1993 Bond Insurer is notified pursuant to A above, notify all registered owners that in the event that any registered owner's payment is so recovered, such registered owner will be entitled to payment from the Series 1993 Bond Insurer to the extent of such recovery if sufficient funds are not otherwise available, and the Paying Agent shall furnish to the Series 1993 Bond Insurer its records evidencing the payments of principal of and interest on the Series 1993 Insured Bonds which have been made by the Paying Agent and subsequently recovered from registered owners and the dates on which such payments were made. F. In addition to those rights granted to the Series 1993 Bond Insurer under this Resolution, the Series 1993 Bond Insurer shall, to the extent it makes payment of principal of or interest on Series 1993 Insured Bonds, become subrogated to the rights of the recipients of such payments in accordance with the terms of the Series 1993 Bond Insurance Policy, and to evidence such 29