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200510853 any way and the net award or payment for such taking shall be paid to Lessee and Lessor shall not have any claim to such award or payment. Section 14.02. If during the term of this Agreement, the title to, or the right to temporary use of, sufficient of the Project shall be taken by eminent domain that in the opinion of Lessee the use of the Project for Lessee's purposes shall be impaired, the net award or payment from such eminent domain taking may be applied in either of the following ways, at Lessee's option: (a) the net award or payment may be paid to the Trustee and held by it in the Bond Fund and in such case the amount so held in the Bond Fund shall be considered as an advance payment by Lessee on the Payments due under this Agreement, or (b) the net award or payment may be applied as directed by Lessee toward the acquisition of additional or replacement facilities to replace or supplement the portions of the Project so taken. In any event, the taking of all or any portion of the Project by the right of eminent domain by any governmental body shall not affect or reduce Lessee's obligation to make the Payments and pay additional rent as provided in this Agreement. ARTICLE XV DEF AUL T AND REMEDIES Section 15.01. This Agreement is made on condition that if: (a) Lessee defaults in the due and punctual making of the Payments and such default continues for a period of five (5) days after the date such Payments or portion thereof fall due, or (b) Lessee defaults in the due and punctual payment of any sums due under this Agreement lease other than the Payments, and such default continues for a period of twenty (20) days after notice of such default is given to the Lessee by the Lessor or the Trustee, or (c) Lessee defaults in the performance of any of its obligations under this Agreement (other than those in (a) and (b) above) as and when required, and such non- performance continues for a period within which performance is required to be made by specific provision of this Agreement or, if no such period is provided, for a period of thirty (30) days after notice thereof is given to Lessee by Lessor or the Trustee (or within such additional period, if any, as may be reasonably required to cure such default if it is of such nature that it cannot reasonably be cured within such thirty (30) day period because of any cause beyond the control of the Lessee), then Lessor may, at the election of Lessor then or at any time thereafter while such event of default shall continue (but only with the written consent of the Trustee), give Lessee written notice of intention to terminate this Agreement and the term herein provided for on a date specified therein, which date shall not be earlier than thirty (30) days after such notice is given, and if all defaults have 13