10A Action 2008 0602 Attach - Indenture of Trust

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deposit in the Redemption Account, such amount being the amount required to pay the principal of and premium, if any, on the Series 2008 Bonds and on other Bonds to be redeemed on such date pursuant to Section 2.03(a) or a similar provision of a Supplemental Indenture. All moneys in the Redemption Account shall be used and withdrawn by the Trustee solely for the purpose of paying the principal of and premium, if any, on the Series 2008 Bonds and on such other Bonds to be redeemed pursuant to Section 2.03(a) or a similar provision of a Supplemental Indenture on the date set for such redemption. Interest due on the Series 2008 Bonds or such other Bonds to be redeemed on the date set for redemption shall, if applicable, be paid from funds available therefor in the Interest Account. Notwithstanding the foregoing, at any time prior to giving notice of redemption of any such Series 2008 Bonds or such other Bonds, the Trustee may, at the direction of the Agency, apply amounts deposited or otherwise to be deposited in the Redemption Account to the purchase of the Series 2008 Bonds or such other Bonds at public or private sale, as and when and at such prices (including brokerage and other charges, but excluding accrued interest on such Series 2008 Bonds or such other Bonds, which is payable from the Interest Account) as shall be directed by the Agency. Section 4.04. Claims Upon the Series 2008 Bond Insurance Policy. The following provisions apply to claims upon the Series 2008 Bond Insurance Policy and to payments by and to the Series 2008 Insurer. [to come] Section 4.05. Rights of Series 2008 Insurer; Consent or Approval of the Series 2008 Insurer.. The following provisions shall apply for so long as any Series 2008 Bonds remain Outstanding or the Agency owes amounts to the Series 2008 Insurer. [to come] Section 4.06. Information to be Provided to the Series 2008 Insurer. The Series 2008 Insurer shall be provided by the Agency (except for items (ii) and (iii), which shall be provided by the Trustee, if appropriate) with the following information: (a) Annual audited financial statements of the Agency within 180 days after the end of the Agency's Fiscal Year, the Agency's annual budget within 30 days after the approval thereof, and such other information, data or reports as the Series 2008 Insurer shall reasonably request from time to time; (b) Notice of any draw upon any of the Reserve Account within two Business Days after knowledge thereof other than (i) withdrawals of amounts in excess of the Reserve Requirements and (ii) withdrawals in connection with a refunding of any Bonds; (c) Notice of any default known to the Trustee or the Agency within five Business Days after knowledge thereof; (d) Prior notice of the advance refunding or redemption of any of the Series 2008 Bonds, including the principal amount, maturities and CUSIP numbers thereof; (e) Notice of the resignation or removal of the Trustee, any paying agent or any bond registrar and the appointment of, and acceptance of duties by, any successor thereto; 28