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s <br />power and authority to irrevocably pledge the portion of Race <br />Track Funds and .Jai Alai Fronton Funds hereinabove described to <br />the payment of the principal of and interest on the Obligations. <br />The pledge of such Race Track Funds and Jai Alai Fronton Funds, <br />in the manner provided herein, shall not be subject to repeal, <br />modification or impairment by any subsequent resolution or other <br />proceedings of the County or by any subsequent act of the <br />Legislature of Florida without and unless such Issuer shall have <br />provided, or the Legislature shall have made immediately <br />available to the County, such additional or supplemental funds <br />which shall be sufficient to retire such Obligations and the <br />interest thereon in accordance with their terms. The County <br />shall take aii actions and pursue such legal remedies which may <br />be available to it either in law or in equity to prevent or cure <br />any default or impairment as within the meaning of this subsec- <br />tion G. <br />H. ARBITRAGE. The County does hereby further covenant <br />that no use will be made of the proceeds of the Obligations which <br />would cause the Obligations to be "arbitraog hnnas" within the <br />meaning of Section 103(c) of the Internal Revenue Code of 1954, <br />as amended, and the applicable regulations thereunder. The <br />County, at all times while such Obligations and the interest <br />thereon are outstanding, including refundings thereof, will <br />comply with the requirements of said Section 103(c) and with the <br />valid and applicable rules and regulations of the Internal <br />Revenue Service thereunder. <br />I. PRIOR LIEN OBLIGATIONS RESERVE ACCOUNT. Subject to <br />the rights of the holders of the Prior Lien Obligations, the <br />County agrees that no further payments will be made by it into <br />the Reserve Account maintained for the Prior Lien Obligations <br />when there has been deposited into said Reserve Account and as <br />long as there shall remain on deposit therein an amount equal to <br />the maximum bond service requirement (as such term is defined in <br />the resolution which authorized said Prior Lien Obligations) on <br />-20- <br />