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I I I ARTICLE IX ADDITIONAL OBLIGATIONS Section 9.01. Issuance of Additional Parity Obligations Authorized. . . . . . . . . . . . . . .31 ARTICLE X P ARTICULAR REPRESENTATIONS AND COVENANTS Section 10.01. Rates and Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33 Section 10.02. Maintenance and Operation; Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . 33 Section 10.03. Records; Accounts; Accounting Reports ........................33 Section 10.04. Special Covenants. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Section 10.05. Payment of the Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Section 10.06. Other Representations and Covenants .......................... 35 Section 10.07. Covenants Regarding Tax Exemption of Interest on the Bonds .......35 ARTICLE XI DEFAULT AND REMEDIES Section 11.01. Events of Default ..........................................38 Section 11.02. Remedies for Default ....................................... 38 Section 11.03. Remedies Not Exclusive. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 ARTICLE XII DISCHARGE AND DEFEASANCE Section 12.01. Defeasance of Bonds. ....................................... 39 ARTICLE XIII CONTINUING DISCLOSURE UNDERTAKING Section 13.01. Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41 Section 13.02. Annual Reports. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41 Section 13.03. Material Event Notices ........ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42 Section 13.04. Limitations, Disclaimers, and Amendments. . . . . . . . . . . . . . . . . . . . . .42 ARTICLE XIV SURETY POLICY AND MUNICIPAL BOND INSURANCE Section 14.0 I. Payments under the Policy ................................... 44 SANMARCOS/WWWSRev2006-2: Ordinance iii