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A.RTICLE VII CERTAIN PROVISIONS RELA.TING TO ASSIGNMEtn, MOH.'rGAGING, PROJEC'r EXPANSION 1\ND T!-IE 130NDS Section 7,1 Sale or Encumbrance. The Borrower may not convey, sell, mortgage , pledge , encumber, transfer or assign all or any portion of the Project or this Agreement, without the prior written consent of the Trustee, so long as any of the Bonds are Outstanding. Any such sale, encumbrance, transfer or assign- ment of the Project or any part tht" :eof, unless such writ.ten con- sent be first obtained, shall be null and void, at the option of the Trustee, but no transfer or assignment, whether or not con- sented to, shall operate to release the Borrower from any liabi- lity for sums due or fro,n any other of the conditions, obliJations, agreements and covenants of this Agreement so long a.s any of the Bonds are Outstandin'J. Section 7.2 Pledge of Agreement Under Indenture; Trustee's Rights in Event of Default; Borrower's Right to Remedy Default Un de r Indenture; Amendment of Agreement and Indenture, The Issuer shall pledge and assign this Agreement (except for its right to indemnification pursuant to Section 5.6 hereof}, the Security Interest, the Mortgage and t.he Note to the Trustee as security for the Bonds under and pursuant to the Indenture and, in the event of a Default, the Trustee shall have all rights and remedies herein accorded to the Issuer as well as those accorded to the Trustee. The Trustee shall have the right to make any election which the Issuer has the right to make upon an Event of Default under this Agreement and to exercise any remedy herein provitled for the Issuer in the name and on behalf of the Issuer, and the decision or action of the Trustee in respect of any such election upon an Event of Default shall supersede a.nd control that of the Issuer so long as the Bonds are Outstancling. ·,fuenever the Bonds shall have been paid in full, all rights and remedies in the event of Default shall be exclusi- vely tlwse of the Issuer. The Borrower shall have the [)rivilegr~ of remeclying any default by the Issuer under the Indenture within 30 days after notification of the occurrence thereof and upon the payment of all costs and expenses incurre<l in the exercise of remedies under the lnclenture [)rior to the time such t.lefault was so re,nedi..:d. Prioc to the raymcnt in Eull of the [3onds, the Issuer ,".Ind the i3orrower shall have no power to modify, alter, a.mend or terminate this Agreement without the prior written con- sent of the Trustee and then only as provi<.letl in the Indenture. The Issuer . ..,ill not amend the Indenture or i.\ny indenture supple- ment.:il thereto without the prior written consent of the Borrower. Neither the Issuer nor the □orrower will unreasonably withholJ -33-