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within seven business days from the date of the sale of the Bonds and in sufficient time to <br /> accompany any confirmation that requests payment from any customer of the purchaser for the <br /> Bonds, copies of a final official statement in sufficient quantity to comply with paragraph(b)(4) of <br /> Rule 15c2-12 and the rules of the Municipal Securities Rule-making Board. <br /> SECTION 20. Payment Procedure Pursuant to Municipal Bond Insurance Policy. As <br /> long as the Municipal Bond Insurance Policy shall be in full force and effect, the City and the <br /> Bond Registrar agree to comply with the following provisions: <br /> (a) At least one (1) day prior to all Interest Payment Dates the City or the Bond <br /> Registrar will determine whether there will be insufficient funds in the Debt Service Fund to pay <br /> the principal of or interest on the Bonds on such interest payment date. If the City or the Bond <br /> Registrar determines that there will be insufficient funds in such Account, the City or Bond <br /> Registrar shall so notify AMBAC Indemnity. Such notice shall specify the amount of the <br /> anticipated deficiency, the Bonds to which such deficiency is applicable and whether such Bonds <br /> will be deficient as to principal or interest, or both. If the City or the Bond Registrar has not so <br /> notified AMBAC Indemnity at least one (1) day prior to an Interest Payment Date, AMBAC <br /> Indemnity will make payments of principal or interest due on the Bonds on or before the first (1st) <br /> day next following the date on which AMBAC Indemnity shall have received notice of <br /> nonpayment from the City or the Bond Registrar. <br /> (b) the City or the Bond Registrar shall, after giving notice to AMBAC Indemnity as <br /> provided in (a) above, make available to AMBAC Indemnity and, at AMBAC Indemnity's <br /> direction, to the'United States Trust Company of New York, as insurance trustee for AMBAC <br /> Indemnity or any successor insurance trustee (the "Insurance Trustee"), the registration books of <br /> the City maintained by the Bond Registrar, and all records relating to the Debt Service Fund <br /> maintained under this Ordinance. <br /> (c) The City or the Bond Registrar shall provide AMBAC Indemnity and the <br /> Insurance Trustee with a list of registered owners of Bonds entitled to receive principal or interest <br /> -23- DOTD6M.DOC 94/01/19 <br />