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Section 2.12. Conditions for the Issuance of Parity Bonds. The County may issue Parity Bonds for the purpose of refunding all or a portion of the Outstanding Bonds of any Series previously issued hereunder; subject to the terms and conditions specified below in this Section 2.12. Such Parity Bonds payable from the Special Taxes and other amounts deposited in the Special Tax Fund (other than in the Administrative Expense Account therein) and the Project Fund (other than in the Tax Receipts Account therein) and secured by a lien and charge upon such amounts equal to the lien and charge securing the 2022 Bonds and any other Parity Bonds theretofore or thereafter issued hereunder or under any Supplemental Indenture for the purposes authorized by the Ordinance of Formation and Bond Ordinance (or refunding Bonds of a prior series previously issued for such purposes) in accordance with Chapter 32 and the Ordinance of Formation. Parity Bonds may be issued subject to the following additional specific conditions, which are hereby made conditions precedent to the issuance of any such Parity Bonds: (a) The County shall be in compliance with all covenants set forth in this Indenture and any Supplemental Indenture then in effect and a Certificate of an Authorized County Representative to that effect shall have been filed with the Trustee; provided, however, that Parity Bonds may be issued notwithstanding that the County is not in compliance with all such covenants so long as immediately following the issuance of such Parity Bonds, the County will be in compliance with all such covenants. (b) The Developer shall be in compliance with all of its covenants and agreements under the Project Funding Agreement, and all applicable conditions and requirements for the issuance of such Parity Bonds under the Project Funding Agreement shall have been satisfied. (c) The issuance of such Parity Bonds shall have been duly authorized pursuant to the Bond Ordinance and shall have been provided for by a Supplemental Indenture and Series Resolution duly adopted by the County which shall specify the following: (i) The Series of Bonds to be refunded in whole or in part and the fund or funds into which the proceeds thereof are to be deposited, including amounts so deposited to pay the principal or redemption price of and interest on the Bonds to be refunded and to pay all costs of issuance with respect to the Parity Bonds; (ii) If a Letter of Credit or other security or credit enhancement is provided to secure payment of Special Taxes or the Bonds, appropriate provisions for the issuance of such Letter of Credit or other security or credit enhancement and the making of drawings thereunder by the Trustee and the application of the proceeds of such drawings, including the establishment of a special account within the Special Tax Fund for the proceeds of such drawings; (iii) The authorized principal amount of such Parity Bonds; (iv) The date and the maturity date or dates of such Parity Bonds; provided that(i) each maturity date shall fall on a May 15, and (ii) fixed serial maturities or Sinking Fund Payments, or any combination thereof, shall be established to provide for the retirement of all such Parity Bonds on or before their respective maturity dates; (v) The description of the Parity Bonds, the place of payment thereof and the procedure for execution and authentication; 20