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promises and agreements in this Resolution contained by and on behalf of the <br />County shall be for the sole and exclusive benefit of the County, the Series 1993 <br />Bond Insurer, the Paying Agent (or Paying Agents, if applicable), and the <br />Registered Owners of the Bonds. <br />SECTION 28. INTERPRETATION OF RESOLUTION. Notwithstanding any other <br />provision of this Resolution, in determining whether the rights of the <br />Bondholders will be adversely affected by any action taken pursuant to the terms <br />and provisions of this Resolution, the Paying Agent shall consider the effect on <br />the Bondholders as if there were no Series 1993 Bond Insurance Policy. <br />SECTION 29. THE SERIES 1993 RESERVE ACCOUNT SURETY BOND. Any term or <br />condition hereof relating to a Reserve Account Credit Instrument which differs <br />in any respect from any term or condition hereof relating to the Series 1993 <br />Reserve Account Surety Bond or any term or condition of the Series 1993 Reserve <br />Account Surety Bond shall not apply with respect to such term or condition hereof <br />relating to the Series 1993 Reserve Account Surety Bond or such term or condition <br />of the Series 1993 Reserve Account Surety Bond to the extent of such difference. <br />SECTION 30. ADDITIONAL COVENANTS RELATING TO THE SERIES 1993 RESERVE <br />ACCOUNT SURETY BOND. So long as the Series 1993 Reserve Account Surety Bond is <br />in effect and the Series 1993 Reserve Account Surety is not in default under the <br />Series 1993 Reserve Account Surety Bond, bankrupt, insolvent or in receivership, <br />the County shall observe the following covenants: <br />A. The County shall furnish the following to the Series 1993 Reserve <br />Account Surety: <br />(1) as soon as practicable after the filing <br />thereof, a copy of any financial statement of the County <br />and a copy of any audit and annual report of the County; <br />(2) a copy of any notice to be given to the <br />Registered Owners of Series 1993 Bonds, including, <br />without limitation, notice of any redemption of or <br />defeasance of the Series 1993 Bonds, and any certificate <br />rendered pursuant hereto relating to the security for <br />the Series 1993 Bonds: and <br />(3) such additional information the Series 1993 <br />Reserve Account Surety may reasonably request. <br />B. The County will permit the Series 1993 Reserve Account Surety to <br />discuss the affairs, finances and accounts of the County or any information the <br />Series 1993 Reserve Account Surety may reasonably request regarding the security <br />for the Series 1993 Bonds with appropriate officers of the County. The County <br />will permit the Series 1993 Reserve Account Surety to have access to the <br />Recreational Facilities and to have access to and to make copies of all books and <br />records relating to the Series 1993 Bonds at any reasonable time. <br />C. Notwithstanding any other provision of this Resolution, the County <br />shall immediately notify the Series 1993 Reserve Account Surety if at any time <br />there are insufficient moneys to make any payments of principal and/or interest <br />as required and immediately upon the occurrence of any event of default <br />hereunder. <br />31 <br />