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with the provisions thereof. The owner of this bond acknowledges and consents to the <br />subrogation rights of Ambac Assurance as more fully set forth in the Policy. <br /> <br /> As and when received, monies shall be deposited into the Bond Fund, and payments from . <br />the Bond Fund shall be made as follows: ~ <br />to the mount of interest that will become due on the Bonds on the next succeeding Payment <br />Dam; and <br /> ~) m the Principal Account in the Bond Fund on the Business Day prior m' each <br />Payment Date, an mount equal to the principal that will become due on the Bonds on the next <br />succeeding Payment Date. ~ <br /> <br />Section 3. Definitions <br /> <br /> The following words and terms shall for all purposes of the Authority Ordinance and of <br />any certificate, resolution or other instrument supplemental thereto shall have the following <br />meanings: <br /> <br /> "Ambac Assurance" shall mean Ambac Assurance Corporation, a Wisconsin-domiciled <br />stock insurance company. <br /> <br /> "Municipal Bond Insurance Policy" shall mean the municipal bond insurance policy <br />issued by Ambac Assurance insuring the payment when due of the principal of and interest on <br />the Bonds as provided therein. <br /> "Payment Dates" shall mean the dates, as set forth in Exhibit A attached hereto, upon~ <br />which payments are due and payable on the Bonds in accordance with their terms. <br /> <br />Section 4. Ambac Assurance Consent <br /> <br />A. Consent of Ambac Assurance. <br /> <br /> Any provision of the Authorizing Ordinance expressly recognizing or granting rights in <br />or to Ambac Assurance may not be mended in any manner which affects the rights of Ambac <br />Assurance hereunder without the prior written consent of Ambac Assurance. <br /> <br />B. Consent of Ambac Assurance in Addition to Bondholder Consent. <br /> <br /> Unless otherwise provided in this Section, Ambac Assurance's consent shall be required <br />in addition to Bondholder consent, when required, for the following purposes: (i) execution and <br /> <br /> <br />