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<br /> � '� _ _ OP' TP.USTrP PDID II�NDIIOI,DERS C
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<br /> �a Section 1 . If any of the f.ollor�ina events or, cur. sub - s
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<br /> ��� ject to the provisions of Section 13 of this Article , it is hereby `
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<br /> .�� defined as and declared to he and to constitute an " event of default " : '
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<br /> ; s� (a ) Def. ault in the due anc? punctual papnent ,
<br /> �� of any interest on any IIond herehy secured '
<br /> _� �-� and outstanding and the continuance thereof ,
<br /> ��y`� for a period of thirty ( 30 ) days . `
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<br /> ;" ( b ) Def. ault in the due and punctual payment E
<br /> ��� of moneys required to be paid to the Trustee
<br /> , �,��- under the provisions of I�rticle V hereof , and ,
<br /> s �`� the continuance thereof for a period of thirty
<br /> �� ( 30 ) days .
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<br /> � ( c ) nefault in the due and punctual pavment ' "
<br /> �� of the principal of any IIond hereby secured
<br /> ;��" and outstanding her. eunder , <<�hether at the '
<br /> f� stated maturit ther. eof or un�n = i �
<br /> �, y , proceedina_ �
<br /> ,� for redemption thereof or upon the maturity
<br /> , . .�� thereof by declaration .
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<br /> ;� ( d ) Default in the performance or ohservance
<br /> � of any other of the covenants , a�reements or
<br /> � conditions on the County ' s part in this t+.ortc7aqe ,
<br /> Aor in the IIonds contained , and the c�ntinuance
<br /> ;: thereof for a periorl of. thirty ( 30 ) da }�s after
<br /> � i•�ritten nokice thereof to the County by the
<br /> ;� Tr. ustee , or by the holders of not less than
<br /> ;;� £ ifty-one percent ( 51a ) in aggreqate pri. ncipal
<br /> ' amount of Bonds outstandinq hereunder .
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<br /> � ( e ) Default by Lessee in th� perfor. mance or
<br /> _µ oUservance of any of the covenants , ae�reements ,
<br /> ;� or conditions on its oart to be perfo r.ned or
<br /> � ohserved under the Lease and nqreement , and the
<br /> � continuance thereof for a peri.od of si. xty ( 60 )
<br /> ,•: days after written notice thereof to Lessee .
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<br /> 3,�; The term " clefault " shall mean default by the County in
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<br /> , . the performance or observance of any of the covenants , aqreements
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<br /> ;;�� or conditions on its part contained in this ?'ortctane , or in the
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<br /> ,, _,, Bonds outstanding hereunder , exclusive of any per. iod of c� r. ace
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<br /> 't � required to consti. tute a default as an ° event of. default " , as
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<br /> � �� hereinabove •provided , after qiving the respective notice for the � � �f �
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<br /> , ,` a respective periods above stated . N ,,. ` ;
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