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I~I <br />~I <br />1 to the County free and clear of any escrow arrangement, trust, lien, security int~rest, pledge or <br />~ assignment securing said Variable Rate Certificate. <br />3 <br />4 Upon satisfaction of the foregoing conditions: <br />5 <br />6 (A) such Certificate shall be deemed to have been paid in full and s all no longer be <br />~ Outstanding under this Agreement for any purpose other than the subseq ent transfer and <br />g exchange as provided herein and the payment when due of the principal o and interest on <br />9 such Certificate out of the cash or Government Obligations so deposited; nd <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />~2 <br />- 23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />~ <br />(B) such Certificate shall thereafter be secured solely and only by the cash or <br />Government Obligations so deposited and shall no longer be secured by t e Security. <br />It is the intent of this Section 210 that the County shall have the right to <br />defeasance of all Outstanding Certificates, or a partial defeasance of only some c <br />Certificates. In the case of any such partial defeasance, the County shall have the <br />Certificates bearing particular stated principal due dates to be so defeased and (if ~ <br />and the aggregate principal amount of each such stated due date to be so defeased <br />prepaid. <br />ART~~LE III <br />REPRESENTATIONS AND <br />COVENANTS OF THE COUNTY <br />SECTION 301. GENERAL LIMITATION. All representations and covena <br />herein, in the Agreement and in any proceeding, document or certification incider <br />the Certificates shall not create a pecuniary liability of the County, except to <br />Security and any Appropriated Financing Payments and as to any obligation for spe~ <br />SECTION 302. PERFORMANCE OF COVENANTS. The County shall p: <br />observe all other covenants, undertakings and obligations set forth in this <br />Certificates. <br />SECTION 303. PROJECT BOOKS. All books and documents in the posse <br />relating to the County Facilities, the Security and the Appropriated Financing P <br />the County budget documents pursuant to which such Financing Payments were <br />at all reasonable times be open to inspection by the Trustee, each Credit ProviC <br />and their attorneys and agents. <br />ffect a complete <br />the Outstanding <br />ght to select the <br />~licable) prepaid <br />id (if applicable) <br />of the County <br />to issuance of <br />extent of the <br />; performance. <br />perform and <br />ient a:.u t:~e <br />>ion of the County <br />~ments (including <br />ppropriated) shall <br />-, the Underwriter <br />FINANCING AND TRUST AGREEMENT <br />YAGE Gb <br />