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0 creditors, (D) be adjudicated a bankrupt or insolvent, or (E) commence a voluntary case under the Federal bankruptcy laws of the United States of America or file a voluntary petition or answer seeking reorganization, an arrangement with creditors or an order for relief or seeking to take advantage of any insolvency law or file an answer admitting the material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceeding, or corporate action shall be taken by it for the purpose of effecting any of the foreqoing; or (Z) if without the application, approval or consent of such Guarantor a proceeding shall be instituted in any court of competent jurisdiction, under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking in respect of such Guarantor an order for relief or an adjudication in bankruptcy, reorganization, dissolution, winding up, liquidation, a composition or arrangement with creditors, a readjustment of debts, the appointment of a trustee, receiver, liquidator or custodian or the like of such Guarantor or of all or any substantial part of its assets, or other like relief in respect thereof under any bankruptcy or insolvency law, and, if such proceeding is being contested by such Guarantor in good faith, the same shall (A) result in the entry of an order for relief or any such adjudication or appointment or (B) continue undismissed, or pending and unstayed, for any period of sixty (60) days; or (h) an "event of default" shall occur under the provisions of a certain Revolving Credit Loan Agreement executed by the Partnership Guarantor; or (i) certain described events occur with respect to any employee benefit plan or other plan maintained by the Partnership Guarantor or an affiliate of the Partnership Guarantor, including the termination thereof under the provisions of the Employee Retirement Income Security Act of 1974, as amended. A FAILURE BY THE COMPANY OR THE GUARANTORS TO REIMBURSE THE BANK 'WITH RESPECT TO A DRAW MADE UNDER ANY LETTER OF CREDIT OR A FAILURE BY THE COMPANY TO COMPLY WITH ITS OBLIGATIONS UNDER THE REIMBURSEMENT AGREEMENT AND THE MORTGAGES WITH RESPECT TO ANY PROJECTOR A DEFAULT BY THE GUARANTORS UNDER THE GUARANTY AGREEMENT MAY RESULT IN THE TERMINATION BY THE BANK OF ANY OR ALL OF THE LETTERS OF CREDIT AND IN A CORRESPONDING ACCELERATION OF ANY OR ALL OF THE ISSUES SECURED BY THE LETTERS OF CREDIT SO TERMINATED. III. SUMMARY OF CERTAIN PROVISIONS OF THE MORTGAGES The following is the summary of certain provisions of the Mortgages. Each Mortgage will operate independently of every other Mortgage; however, a default under one Mortgage could result in a default under the Reimbursement Agreement and the acceleration of the Bonds of any or all of the Issues. The Mortgages contain similar terms and the following is a summary of certain similar provisions of the Mortgages. These summaries do not purport to be complete or definitive and are qualified in their entirety by refer=nce to the full terms of the Mortgages. D-9