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MD <br />Fourth: to the Credit Facility Provider to the <br />extent of any amount due and unpaid under the Credit <br />Facility Agreement in accordance with the terms <br />thereof upon the certification to the Trustee of <br />such amount by the Credit Facility Provider. <br />(b) If the principal of all the Bonds shall have become <br />due and payable, either by their terms or by a declaration of <br />acceleration, all such moneys shall be applied to the payment <br />of the principal and interest then due and unpaid upon the <br />Outstanding Bonds, without preference or priority of principal <br />over interest or of interest over principal, or of any <br />installment of interest over any other installment of <br />interest, or of any such Bond over any other such Bond, <br />according to the amounts due respectively for principal and <br />interest, to the persons entitled thereto, without any <br />discrimination or preference. <br />(c) Notwithstanding the foregoing provisions of this <br />Section, if the Credit Facility Provider shall have wrongfully <br />failed to honor a demand for funds under the Credit Facility, <br />no moneys held under this Indenture shall be applied to the <br />payment of interest on or the principal or Redemption Price of <br />any Credit Facility Bond or any amounts due under the Credit <br />Facility Agreement until all amounts payable with respect to <br />all other outstanding Bonds shall have been paid in full. <br />Whenever moneys are to be applied by the Trustee pursuant to the <br />provisions of this Section, such moneys shall be applied by the Trustee at <br />such times, and from time to time, as the Trustee in its sole discretion <br />shall determine, having due regard to the amount of such moneys available <br />for application and the likelihood of additional moneys becoming available <br />for such application in the future. The setting aside of such moneys in <br />trust for the benefit of all holders of the Outstanding Bonds shall <br />constitute proper application by the Trustee, and the Trustee shall incur <br />no liability whatsoever to the Issuer, to any Bondholder, to the Credit <br />Facility Provider or to any other person for any delay in applying any <br />such moneys, so long as the Trustee acts with reasonable diligence, having <br />due regard to the circumstances, and ultimately applies the same in <br />accordance with such provisions of this Indenture as may be applicable at <br />the time of application by the Trustee. Whenever the Trustee shall <br />exercise such discretion in applying such moneys, it shall fix the date <br />(which shall be an Interest Payment Date unless the Trustee shall deem <br />another date more suitable) upon which such application is to be made, and <br />upon such date interest on the amounts of principal of the Bonds paid on <br />such date shall cease to accrue. The Trustee shall give such notice as it <br />may deem appropriate of the fixing of any such date. The Trustee shall <br />not be required to make payment to the Holder of any Bond unless such Bond <br />shall be presented to the Trustee for appropriate endorsement. <br />Section 7.05. Effect of Discontinuance of Proceedings. In case <br />any proceedings taken by the Trustee or the Bondholders on account of any <br />- 50 - <br />