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that all proceedings at law or in equity shall be instituted, had <br />• and maintained in the manner herein provided, and for the equal <br />benefit of all holders of outstanding Bonds. Notwithstanding any <br />other provisions of this Agreement, the right of any holder of <br />any Bond to receive payment of the principal of and premium, if <br />any, and interest on such Bond on or after the respective due <br />dates therein expressed, or to institute suit for the recovery of <br />any such payment on or after such respective dates, shall not be <br />impaired or affected without the consent of .such holder. <br />ARTICLE VIII. <br />Defeasance Payment, Release <br />• <br />• <br />i. <br />Sec. 8.01. If, when the Bonds secured hereby shall have <br />become due .and payable in accordance with their terms or shall <br />have been duly called for redemption or irrevocable. instructions <br />to call the Bonds for redemption shall have been given by the <br />Authority to the Trustee, the whole amount of the principal and <br />the interest and the premium, if any, so due. and payable upon all <br />of the Bonds then outstanding shall be paid or (i) sufficient <br />moneys, or (ii) direct obligations of, or obligations the <br />principal of and interest on which are unconditionally guaranteed <br />by, the United States of America the principal of and the <br />interest on which when due will provide sufficient moneys, or <br />(iii) time certificates of deposit fully secured as to both <br />principal and interest by obligations of the. kind described in <br />(ii) above of a bank or banks the principal of and interest on <br />which when due .will provide sufficient moneys, or (iv) any <br />combination of (i), (ii) or .(iii) above which will provide <br />sufficient moneys, shall be held by the Trustee for-such purpose <br />under the provisions of this Agreement, and provision shall also <br />be made for paling all Trustee's fees-and expenses and other sums <br />payable hereunder by the Authority, then and in that case the <br />right, title and interest of the Trustee shall thereupon cease, <br />determine and become void. <br />Upon any such .termination of the Trustee's title, on <br />demand of the Authority, the Trustee shall release this Agreement <br />and shall execute such documents to evidence such release as may <br />be reasonably required by the Authority, and shall turn over to <br />the Authority or to such officer, board or body as may then be <br />entitled by law to receive the same any surplus in the Sinking <br />Fund created by Sec. 3.02 hereof and in the Operation Fund <br />created by Sec. 3.03 hereof and all balances remaining in any <br />other fund or accounts other than moneys and obligations held for <br />the redemption or payment of Bonds or held in the Rebate Fund; <br />provided, however, that. in the event direct obligations of, or <br />obligations the principal of and interest on which are <br />unconditionally guaranteed by, the United States of America or <br />time certificates of deposits shall be deposited with and held by <br />the Trustee as hereinabove provided, ,in addition to the <br />requirements set forth in Article IV o~ this Agreement, the <br />Trustee .shall within thirty (30) days after such. obligations or <br />time certificates of deposits shall have been deposited with it, <br />-33- <br />