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<br />79
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<br />Event of Default, by registered or certified mail, to the Issuer, the Borrower, the Bank, the
<br />Confirming Bank, if any, the Trustee and the Remarketing Agent for the Bonds.
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<br />Section 7.03. Acceleration.Upon the occurrence of an Event of Default as specified in
<br />paragraphs (a), (b), (c), (f), (g), (i), or (j) of Section 7.01 hereof, the Trustee shall declare, by a
<br />notice in writing delivered to the Issuer and the Borrower, the principal of all Bonds then
<br />outstanding (if not then due and payable), together with interest accrued thereon, to be due and
<br />payable immediately. Upon the occurrence of any other Event of Default (except an Event of
<br />Default as specified in paragraph (h) of Section 7.01 hereof), the Trustee shall, upon the written
<br />direction of the Bank or the Confirming Bank, if any, (or, in the case of an Event of Default under
<br />paragraph (d) of Section 7.01 hereof, upon the written direction of the Holders of 100% in principal
<br />amount of the Bonds then outstanding), declare by a notice in writing delivered to the Issuer and
<br />the Borrower the principal of all Bonds then outstanding (if not then due and payable), together
<br />with interest accrued thereon, to be due and payable immediately. Upon the occurrence of an
<br />Event of Default described in paragraphs (h) or (k) of Section 7.01 hereof, if there is not then
<br />existing an Event of Default described in paragraphs (a), (b), (c), (f), (g), (i), or (j) of Section 7.01
<br />hereof, then the Trustee, without the consent of the Bank or the Confirming Bank, if any, may, and
<br />upon the written request of the Holders of not less than 25% in aggregate principal amount of
<br />Bonds then outstanding, shall declare the principal of all Bonds then outstanding, together with
<br />the interest accrued thereon, to be due and payable immediately.
<br />Any such declaration shall be by notice in writing to the Issuer, the Holders, the Bank, the
<br />Confirming Bank, if any, the Remarketing Agent and the Borrower, and, upon said declaration,
<br />the principal of and interest on all Bonds shall become and be immediately due and payable. The
<br />Trustee immediately upon such declaration shall give notice thereof in the same manner as
<br />provided in Section 4.04 hereof with respect to the redemption of the Bonds. Such notice shall
<br />specify the date on which payment of principal and interest shall be tendered to the Holders of the
<br />Bonds. Interest shall accrue to the date of acceleration. Upon any declaration of acceleration
<br />hereunder, the Trustee shall immediately exercise such rights as it may have under the Agreement
<br />and the Notes to declare all payments thereunder to be immediately due and payable and, pursuant
<br />to paragraph (b) in Section 5.03 hereof, shall draw upon the Letter of Credit, and if necessary, the
<br />Confirming Letter of Credit, if any, to the full extent permitted by the terms thereof.
<br />Notwithstanding anything herein to the contrary, the Trustee shall not declare the Bonds to
<br />be due and payable, and the Trustee shall not declare an acceleration, during the BSBY Rate
<br />Period, without the written consent of the Initial BSBY Rate Bond Purchaser.
<br />Section 7.04. Other Remedies; Rights of Holders.With or without taking action under
<br />Section 7.03 hereof, upon the occurrence and continuance of an Event of Default, the Trustee may
<br />pursue any other available remedy to enforce the payment of Bond Service Charges or the
<br />observance and performance of any other covenant, agreement or obligation under this Indenture,
<br />the Agreement, the Notes or any other instrument providing security, directly or indirectly, for the
<br />Bonds.
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<br />If any Event of Default has occurred and is continuing, the Trustee in its discretion may,
<br />and upon the written request of Holders of a majority in principal amount of the Bonds outstanding
<br />and receipt of indemnity to its satisfaction, shall, in its own name:
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