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The Agency shall pay or reimburse the 2018 Bond Insurer any and all charges, fees, costs and expenses that the 2018 Bond Insurer may reasonably pay or incur in connection with (i) the administration, enforcement, defense or preservation of any rights or security in any Related Document; (ii) the pursuit of any remedies under the Indenture or any other Related Document or otherwise afforded by law or equity, (iii) any amendment, waiver or other action with respect to, or related to, the Indenture or any other Related Document whether or not executed or completed, or (iv) any litigation or other dispute in connection with the Indenture or any other Related Document or the transactions contemplated thereby, other than costs resulting from the failure of the 2018 Bond Insurer to honor its obligations under the 2018 Bond Insurance Policy. The 2018 Bond Insurer reserves the right to charge a reasonable fee as a condition to executing any amendment, waiver or consent proposed in respect of the Indenture or any other Related Document. After payment of reasonable expenses of the Trustee, the application of funds realized upon default shall be applied to the payment of expenses of the Agency or rebate only after the payment of past due and current debt service on the Insured Series 2018 Bonds and amounts required to restore the Reserve Account to the Reserve Account Requirement. The 2018 Bond Insurer shall be entitled to pay principal or interest on the Insured Series 2018 Bonds that shall become Due for Payment but shall be unpaid by reason of Nonpayment by the Issuer (as such terms are defined in the 2018 Bond Insurance Policy) and any amounts due on the Insured Series 2018 Bonds as a result of acceleration of the maturity thereof in accordance with the Indenture, whether or not the 2018 Bond Insurer has received a Notice of Nonpayment (as such terms are defined in the 2018 Bond Insurance Policy) or a claim upon the 2018 Bond Insurance Policy. The rights granted to the 2018 Bond Insurer under the Indenture or any other Related Document to request, consent to or direct any action are rights granted to the 2018 Bond Insurer in consideration of its issuance of the 2018 Bond Insurance Policy. Any exercise by the 2018 Bond Insurer of such rights is merely an exercise of the 2018 Bond Insurer's contractual rights and shall not be construed or deemed to be taken for the benefit, or on behalf, of the Owners and such action does not evidence any position of the 2018 Bond Insurer, affirmative or negative, as to whether the consent of the Bondowners or any other person is required in addition to the consent of the 2018 Bond Insurer. Amounts paid by the 2018 Bond Insurer under the 2018 Bond Insurance Policy shall not be deemed paid for purposes of the Indenture and the Insured Series 2018 Bonds relating to such payments shall remain Outstanding and continue to be due and owing until paid by the Agency in accordance with the Indenture. The Indenture shall not be discharged unless all amounts due or to become due to the 2018 Bond Insurer have been paid in full or duly provided for. In determining whether any amendment, consent, waiver or other action to be taken, or any failure to take action, under the Indenture would adversely affect the security for the Insured Series 2018 Bonds or the rights of the Owners, the Trustee shall consider the effect of any such amendment, consent, waiver, action or inaction as if there were no 2018 Bond Insurance Policy. 4150-2542-5420.3 61 40990-25 SA -3-79