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''1--~- ~ tr ~ 05 ARTICLE ZX DEPAULT PROVISIONS AND REMEDIES OF TRUSTEE AND BONDHOLDERS Section 1. If one or more of the following events of default shall occur: (a) Failure to make the due and punctual payment of any interest on any Sond hereby secured and outst_and- ing; (b) Failure to make the due and punctual payment of maneys required to be paid to the Trustee under the provisions of Article V hereof; (c) Failure to make the due and punctual payment of the principal of any Bond hereby secured and out- standing hereunder, whether at the stated maturit~r thereof, or upon proceedings for redemption khereof or upon the maturity thereof by declaration; (d) Failure to perform or observe any other of the covenants, agreements, or eonditions on the Issuer's part in this Mortgage, or in the Bonds contained; or (e) Lessee is in default under and in accordance with the terms, covenants, and conditions of the Lease and Agreement or the Guaranty Agreement or any Ferson is in default under and in accordance with the terms, cove- nants, and conditions of any Additional Agreement; then upon the happening of any of the foregoing events of default as described in paragraphs (a) an3 (b) hereof, and the rontinuanea thereof for a period of thirty (30) days, the Issuer shall be in default hereunder; upon the happening of any of the foregoin4 events of default as described in paragraphs (c} and (e) hereof, which shall be continuing, the issuer shall be i:r-_~aediately is: default hereunder; and upon the happening of any of the foregoing events of default as described in paragraph (d) hereof, and the continuance thereof for a period of thirty (30) days after written notice thereof to the issuer by the Trustee, or by the Holders of not less than fifty-one percent (518) in aygregate principal amount of Bonds outstanding hereunder, the Issuer shall be in default hereunder. The phrase "default hereunder" is hereina€ter referred to herein as "Default." Section 2. Ugon Default, the Trustee may, and upon the written request of the Holders of fifty-one percent (518) in aggregate principal amount of Bonds outstanding hereunder, shall, by notice in writing delivered to the Issuer declare the principal 9-a