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underwriter for reoffering to potential investors, and (iv) the forms of continuing disclosure agreements to be entered into by the Developer and the County with respect to =:heir continuing disclosure obligations under SEC Rule 15c2-12. The Developer will assist and. cooperate in providing such documents and information as may be needed for the preparation of such documents. The County shall proceed in good faith with the preparation of the foregoing financing documents and shall present such documents to the Council for approval pursuant to the initial Series Resolution in substantially the forms proposed to be executed and for authorization to execute the same in substantially such forms, with such further changes as may be approved by the County officials executing the same. (b) Any provision hereof to the contrary notwithstanding, the aggregate principal amount of Bonds that may be issued shall not exceed the least of the following: (i) 522,000,000 as provided in the Bond Ordinance; (ii) one-third (1/3) of the "value of the real property" (as defined in HCC Section 32-57(c)) subject to the Special Tax; (iii) one-half(112) of the value of the real property subject to the Special Tax in Tax Zone 1 (as identified in the FMA); or (iv) the amount needed to produce Net Bond Proceeds sufficient to pay the full Acquisition Price for the Improvements. (c) Pending issuance of the initial series of Bonds, the Developer shall proceed with construction of the Improvements and shall advance funds other than Bond proceeds to pay the Actual Costs thereof on a timely basis (the "Developer Advances"). All Developer Advances, including funds advanced prior to the execution and delivery of this Agreement, shall be subject to the procedures and requirements for Payment Requests set forth in Section 5 hereof to the same extent as would apply to payments from Net Bond Proceeds; provided that, except as provided in Subsection (f) below, payments to the Developer on account of ,such Developer Advances shall be deferred until completion and dedication of the Improvements, at which time such payments shall be considered part of the final Payment Request pursuant to Section 5 hereof. (d) At the request of the Developer, the County shall proceed expeditiously and in good faith with the offer and sale of the initial series of Bonds at such time as: (i) the Council shall have adopted the initial Series Resolution authorizing the issuance of such Bonds; (ii) the sum of the Developer Advances previously made and the Net Bond Proceeds expected to be produced is at least equal to the full amount of the Estimated Acquisition Price reflected in the then-current Project Budget (but excluding, for purposes of this calculation only, the amount of the Project Contingency); and (iii)the County shall have received satisfactory assurances that the further conditions specified in Section 4(e) below have been or shall be satisfied as of the date of issuance and delivery of such Bonds. (e) The issuance of the initial series of Bonds shall be subject to the following conditions: (i) the aggregate principal amount of the initial series of Bends does not exceed the limitations set forth in Subsection (b) above; and 12