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Resolution; (ii) removal of the Paying Agent and selection and appointment of any successor paying agent; and (iii) initiation or approval of any action not described in (i) or (ii) above which requires consent of holders of the Series 1993 Bonds. H. Any reorganization or liquidation plan with respect to the County must be acceptable to the Series 1993 Bond Insurer. In the event of any such reorganization or liquidation, the Series 1993 Bond Insurer shall have the right to vote on behalf of all of the Registered Owners of the Series 1993 Bonds. SECTION 22. CONCERNING THE PAYING AGENT FOR THE SERIES 1993 BONDS. The County covenants and agrees that while any of the Series 1993 Bonds are outstanding and all such bonds have not been defeased in accordance herewith, the Series 1993 Bond Insurance Policy is in effect, and the Series 1993 Bond Insurer is not in default under the Series 1993 Bond Insurance Policy, bankrupt, insolvent or in receivership, the following covenants shall be observed: A. The Paying Agent may be removed at any time, at the request of the Series 1993 Bond Insurer, for any breach of the duties set forth in this Resolution. 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 28