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<br /> § rt The Lessee shall also have the power as agent of the p
<br /> ';s
<br /> , �, Authority in its own name or in the name of the Authority , to
<br /> ;�� p�irsue any and all remedics available by contract , at law or in
<br /> ;�; equity or otherwise , against any contractor , subcontractor ,
<br /> � supplier or other person , in the event of default under any ;
<br /> w� contract entered into in connection with the Pro � ect or in the
<br /> �; event of any breach of warranty with respect to any material ,
<br /> workmanship or guarantee of performance , The Lessee agrees to
<br /> i �� notify the Authority promptly of its exercise of any such remedy
<br /> ;3 and the Authority agrees to cooperate fully with the Lessee in
<br /> { �� prosecuting the same . Zf the Lessee has corrected , at its own
<br /> , ,;y expense , the matter which gave rise to such def3ult or breach ,
<br /> �<� the amount expended by the Lessee for such correction shall be
<br /> �'� paid to the Lessee out of any amount recovered by way of damages ,
<br /> l�i refunds , ad� ustments or otherwise , and tne balance shall be paid
<br /> . ,�:� into the Construction Fund established by the Indenture if received
<br /> i�� during the Construction Period referred to therein , otherwise into
<br /> �4 the Optional Redemption Fund established thereby . If the Lessee
<br /> � has not corrected the matter which gave rise to such default or
<br /> ;;; breach , any amount recovered by way of damages , refunds , ad,� ustments
<br /> ;;' or otherwise , shall be paid intc such Construction Fund if received
<br /> �� during such Construction Period , other•r� ise into such Optional Re -
<br /> :; demption Fund .
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<br /> �� The agency created by this Section 4 . 1 may be revoked
<br /> ;� by the Authori 'ty upon not less than 10 days ' prior written notice
<br /> :� to the Lessee upon the failure of the Lessee to perform any of
<br /> <� its agreements contained in this Section , as reasonably determined
<br /> � by the Authority , but shall otherwise oe irrevocable and terminate
<br /> ` ', only upon the delivery of the completion certificate referred to
<br /> r in Section 4 . 2 ( b ) hereof or uoon termination of this Lease or the
<br /> ;; Lessee ' s right of possession hereunder pu^suant to Section 9 . z
<br /> ��� hereof or otherwise . ;Jothing contained in this 5ection 4 . 1 shall
<br /> �;:� relieve the Lessee from its obli �ation to pay rent pursuant to
<br /> ";'s Section 3 . 3 hereof .
<br /> 5 Section 4 . 2 . Ooeration of the Construction rund .
<br /> ;y ( a ) Disbursements from the Consiruction Fund . '�foneys
<br /> �';�z: in the Construction Fund shall be disbursed by the Trustee only :
<br /> :;`;;� in accordance with the terms of Section 3� 2 of the Indenture .
<br /> i;'D
<br /> � ''� ( b ) Progress Reoorts and Compleiion Certificate . The
<br /> : ';;
<br /> ''� Lessee shall subr�it to the Trustee monthly progress reports con -
<br /> �;''.�i; cerning the construction of the Pro � ect and shall deliver to the
<br /> Trustee with2n 90 days after the completion of tne Pro ,ject the
<br /> '.'';, completion certificate of an Independent Architect reierred to
<br /> ; iz in Section 302 ( D ) of the Indenture .
<br /> `�` ( c ) Disposition of Construction Fund Moneys � fter
<br /> '? Completion . If after payment by the Trustee of all orders
<br /> i; theretofore tendered to the Trustee under tne provisions of
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