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76 <br />mandatory tender pursuant to Section 2.07 hereof prior to receiving written notice from the Trustee <br />that the Letter of Credit, or any Alternate Letter of Credit has been replaced with an Alternate <br />Letter of Credit which satisfies the requirements of Section 5.09 hereof. Upon the remarketing of <br />the Pledged Bonds, the Remarketing Agent shall notify the Bank, the Trustee and the Borrower of <br />such remarketing, the name, address and social security or other tax identification number of the <br />purchaser, and the date (the “Placement Date”) that the purchaser shall deliver the purchase price <br />to the Trustee or the Remarketing Agent by 10:00 a.m., New York City time. The Placement Date <br />shall be at least two Business Days after the date the notice of the purchase is given by the <br />Remarketing Agent. <br />No later than 10:00 a.m., New York City time, on each Placement Date, the Remarketing <br />Agent shall pay to the Trustee, in immediately available funds, the proceeds theretofore received <br />by the Remarketing Agent from the remarketing of Pledged Bonds on such Placement Date; <br />provided, that the Remarketing Agent may use its best efforts to cause the purchasers of the <br />remarketed Pledged Bonds to pay the purchase price plus accrued interest (if any) to the Trustee <br />in immediately available funds. The proceeds from the remarketing of the Pledged Bonds shall be <br />segregated from any funds of the Borrower or the Issuer and shall in no case be considered to be <br />or be assets of the Borrower or the Issuer. The Trustee shall deposit such funds in the Remarketing <br />Reimbursement Fund and shall pay the Bank such funds by wire transfer on the Placement Date. <br />The Bank shall deliver any Pledged Bonds held by the Bank (or evidence of book-entry interests <br />in such Pledged Bonds) which have been so remarketed to the Trustee against payment on the <br />Placement Date. With respect to any Pledged Bonds not so held by the Bank, the Bank shall direct <br />the Trustee (or such other agent or custodian, as applicable) to release such Pledged Bonds which <br />have been so remarketed to the Remarketing Agent against payment therefor on the Placement <br />Date, provided, however, that the Trustee shall not release such Pledged Bonds until the Letter of <br />Credit and the Confirming Letter of Credit, if any, have been reinstated in full. On the Placement <br />Date, the Trustee shall authenticate and deliver, if applicable, new Bonds in replacement of the <br />remarketed Pledged Bonds to the purchasers thereof. <br />Section 6.17. Several Capacities.Anything in this Indenture to the contrary <br />notwithstanding, the same entity or affiliates thereof may serve hereunder as the Bank, the Trustee <br />and the Remarketing Agent and in any other combination of such capacities, to the extent not <br />prohibited by law. <br />END OF ARTICLE VI <br />ARTICLE VII <br />DEFAULT PROVISIONS AND REMEDIES OF TRUSTEE AND HOLDERS <br />Section 7.01. Defaults; Events of Default.The occurrence of any of the following events <br />is defined as and declared to be and to constitute an Event of Default hereunder: <br />(a) Failure to pay when due and payable any interest on any Bond; <br />(b) Payment of the principal of or any premium on any Bond shall not be <br />made when and as that principal or premium shall become due and payable, whether at <br />stated maturity, by redemption, pursuant to any mandatory sinking fund requirements, by <br />acceleration or otherwise;