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Dorro~•r to ~erform its obligations under Sections 4.2 and 8.4
<br />h~r;!ot .;hall constitute an Event of Default regai.-::lless of the
<br />r3aiH.m !:ar ;;uch failure to perform.
<br />Section 9.2 Remedies on Default. Whenever any Event of
<br />~efaul~ shall have happened and be subsisting:
<br />[d} The Trustee may declare the Note in default and may
<br />J~clare the same immediately due and payable, and take any action
<br />or :=o::tr.ience or prosecute any available rroceeriin9s against any
<br />?.irc.·1 11..:u,le therefor, including the 1 ·uara.nt.or. Additionally,
<br />t.~~ ~r~st~e ~ay, and upon written request of the holders of not
<br />lcls5 ~han 251 in aggregate principal amount of the Bonds then
<br />~utst~nJinJ shall, by notice in writing delivered to the Issuer,
<br />Jecl;ir~ ~he unpaid principal of all of the Bonds then Outstanding
<br />.ind c.hc i:iterest accrued thereon immediately due and payable, and
<br />s.l<:ll ::,ri:ici!_)al and interest shall thereupon become and be imme-
<br />:.lia::.~l-✓ Jue and payable, anything in the Indenture or the Bonds
<br />to ~he contrary notwithstandinJ, The foregoing rights and duties
<br />~n:i.l L, :w1,1ever, be subject to the uiscretionary right of the
<br />Tr-:1~t.t:lt:l -lnd upon written notice to the 1'rustee by the holders of
<br />~ ~ajarity in dggregate principal amount of the Outstanding Gonds,
<br />che Juty ~f the Trustee to annul such declaration and destroy its
<br />~ff~c~ if 111 covenants with respect to which default shall have
<br />been .:ia,le, :;hall be fully r,,erformed, antl all arrears of interest
<br />upon ,_\l l ;3()11us Ou ts tanding hereunder 'ind the reasonable expenses
<br />c1nJ ,~lur JC!S :)f the Trustee, its agents and attorneys, and all
<br />ot:1er ,Jc11:nents re-1uired by the Indenture (except the principal of
<br />any JonJ:,; not. then t.lue by their t.-:irins) shall be paid, or the
<br />.:11:iount t;1et"•?of shall be paid to the 'l'ru~tee for the benefit of
<br />tho&e ~ntitled thereto.
<br />( lJ) The Trustee may proce2d to protect and enforce its
<br />r i:J11t.3 ,.rnd the ri1;:1hts of c.he holJers of the Oon<ls hereunuer ,lnd
<br />um.lcr Lhe ;)onus, by c1 suit or suits, whether f:or the specific
<br />9,~rf Jr,;iuncc~ of c1ny covenant or agreement herein contained or in
<br />execution or aiJ of any power ·;;rante,l h~rein or for the enforce-
<br />ment ,Jf .-ln'/ ather proper, legal or e_ruitable remedy, ,.1s the
<br />-rr·Jsc.,~e, being adviseJ by counsel, shall ,Jeem most effectual to
<br />prot.occ. .ind t!nforce its ri~hts ,1nd the r.i,_ihl:5 of the hol,Jers of
<br />ti1e ;1ond'.~.
<br />(c) The 'l'rusl:ee Ghall be entitled upon or at any tim•~
<br />~1.ft.er the co1111nencement of c1ny procee,lin1s institutc,.l in th'c! E:vent.
<br />of :)~f,1ult., r1s .3 matter of strict ri9ht, upon the order ::if ,.iny
<br />c<.rnr::. .JI: c:o;n~etent jurisdiction, to the ,1.ppointrnent of ~\ receivet·
<br />of t.lle l'roj•~ct .incl of thC:J r.r~nt, rev,Jnues, c1nd income tram tlv~
<br />~r~jcct, ~il:h po~er to lease the Project, Any ~uch receiver
<br />-42-
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