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<br />ARTICLE' IX 02"~ {)V~S~~? <br />DEFAULT PROVISIONS AND-REMEDIES OF TRUSTEE <br />AND BONDHQLDERS <br />Section 9.01:. Defatats; Events of Default. if any of <br />the followir_g events occur,"it is hereby declared. to con= <br />sttute an "Event of Def"ault": <br />(a)Default in the. due and .punctual payment of <br />interest on any Bond; <br />-(b)Default in the due and punctual.. payment of the:. <br />principal of or premium, if any, on any Bond, .whether at <br />the stated .maturity thereof,, or upon proceedngs'fore <br />redemption .thereof, or upon the maturity thereof by <br />declaration; <br />(c) D~fauli`in the performance or observance of <br />any ot,'zer of the covenants, agreements o,- conditions on` <br />the part of Issuer: in this Indenture or n.the'3onds <br />"contained and failure to remedy the same after notice <br />thereof pursuant-to Section 9.13 hereof`; or <br />(d) The accurreace of-an "Event o= Default" under <br />Section 9.1 of t.^_e Agreement or the ;Guaranty. - <br />..Section 9.02. Acceleration. During the continuation of <br />an Event of befault, Trustee may,: and upon-thee written <br />request of. the holders--of not less than twenty-five percent <br />(25°;) in aggregate principal. amount of Ot;tstanding'Bonds <br />shall; by notice in writing 'delivered to Issuer ard-Company, <br />declare the''principal o£ all':Outstanding'Bonds and the <br />interest accrued thereon immediately due and payable, and <br />such`princpai and interest'shall ther~;.pon-become and be <br />immediately due and payable. Upon any declaration=of accel- <br />eration hereunder,. Issuer and Trus ee shall immediately <br />declare an'amounL equal to all amounts Bien.due and: payable <br />on the Bonds to be immediately due and payable as liquidated <br />damages under Sectior. 9.2{a)'of the Agreement. <br />T3pon any sale made ei~har under the-power of sale given <br />in this Article IX or under a judgmeat,.order or-decree made <br />in any judicial proceedings for 'the foreclosure or enforce-= <br />ment of this Indenture', the principal of all Outstanding <br />Bonds; if not previous y due, shall at once become and be. <br />immediately due and oayabie`without declaration or'notice by <br />.Trustee or the Bondholders. <br />=28- <br />LJ <br />